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How Canada Life is supporting you during COVID-19. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

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Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

It’s a simple and effective way for your employees to pay for expenses not covered under their benefits plan.  

Here’s how it works: For example, a $100 credit in the healthcare spending account pays for $100 worth of eligible medical expenses.  

Whether that income tax-free money is used to pay deductibles for covered expenses or pay for health-related services not covered by their benefits plan, the choice is entirely up to your employee. 

Our medical reimbursement plans offer enhanced benefits for your executive-level employees.