Annually, the City offers eligible employees a specific dollar amount that can be credited to a health spending and/or a wellness spending account. The employee chooses whether they want the amount to go to health spending, wellness spending, or a combination of the two accounts.
The health spending account complements the group benefits plan. Employees can use their credits to pay for eligible medical and dental expenses not covered by the group plan or provincial health care. Claims made to the health spending account are non-taxable.
The wellness spending account supports an employee’s holistic health and wellness. Employees can use their credits to pay for services in the following areas: physical health, mental health, emotional health, career development, personal wellness and quality of life. In practice, this can include items ranging from fitness equipment and activities to family and pet care (and more!). Claims made to the wellness spending account are a taxable benefit.
*The health and wellness spending accounts do not apply to IAFF employees.