If you have a business operating in Canada that employs at least one, salaried employee (i.e. T4 income) who is un-related to you, your business is immediately eligible for a Kibono Health Spending Account. Kibono strongly recommends checking your eligibility with your accountant before self-sign up. Contact us today and we would be happy to…
A Kibono HSA can be setup in minutes. A valid email, credit card or bank account and identification such as drivers license or passport is all that is required to begin claiming. Once you’ve added your business details, simply add your employees and set their annual spend limit. Each employee will receive a welcome email…
Kibono offers employers flexibility in terms of how claims are paid for and reimbursed. Monthly accounts will receive monthly invoices for all employee claims approved during the month. Once the invoice is paid, Kibono will then reimburse employee claims. A Prepaid account allows employers to prefund their Kibono cash account using a credit card or…
You can pay Kibono invoices or top-up your prepaid Kibono cash account using a valid credit card or bank account. Each transaction will incur a fee as outlined on our pricing page.
Yes, you can setup recurring payments using a valid credit card or bank account.
Kibono recommends consulting your accountant before finalising your annual spend limits associated with your Health Spending Account. It is common to attribute a value based on class type (e.g. Executives vs. Staff), a fixed percentage of annual salary or years of experience. Whichever method you choose, it must be deemed reasonable and accordance with the…
Yes, a Kibono Health Spending Account offers employers maximum flexibility to control their health plan to meet their exact needs. When adding a new employee, simply click ‘prorate’ and the annual limit for that employee class will automatically be adjusted based on their start date. This is commonly used for seasonal employees or for new…
Yes, a Kibono Health Spending Account is fully-featured to accomodate any business need. Simply click the employee and set them as ‘suspended’. You may select a specific end date or keep it open-ended. During this time the employee still has access to their account but cannot submit claims with service dates during the suspention period.
Yes, a Kibono Health Spending Account offers employers a fully-featured platform effectively manage your health plan. Simply set a future start-date when adding the new employee and their benefits will not become active until the selected date. This means only claims with a service date on or after the selected start date will be eligible.
Yes, Kibono collects and remits all required government taxes based on your business location. Ensure that your ‘billing address’ is up to date at all times as this is used to determine the appropriate provincial taxes to apply to your invoices. You can update your billing address for tax purposes in your employer profile.