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Canada’s Most Affordable Business Health Benefits

Affordable Business Health Benefits for Small, Medium & Large Companies

YOU AND YOUR EMPLOYEES WANT A PROPER MEDICAL BENEFITS PLAN: BUT TRADITIONAL GROUP BENEFITS ARE JUST TOO EXPENSIVE — ESPECIALLY FOR SMALLER COMPANIES. PRETAX HEALTH SPENDING ACCOUNTS ARE GREAT SMALL BUSINESS HEALTH PLANS THAT SCALE SEAMLESSLY FOR MEDIUM OR LARGE BUSINESSES.

A HEALTH SPENDING ACCOUNT / PHSP IS ONE OF THE MOST VALUABLE AND INEXPENSIVE EMPLOYEE BENEFITS YOU CAN PROVIDE.

WITH SMALL BUSINESS PRETAX HEALTH PLANS YOUR COMPANY WILL BE VERY WELL POSITIONED TO HIRE AND RETAIN QUALITY EMPLOYEES IN AN INCREASINGLY COMPETITIVE JOB MARKET.

Dodgy Dental

In order to maintain that 70-30 ratio, traditional insurers will also limit you in various ways, for example only paying a percentage of dental, only paying for a certain number of treatments per year, and completely excluding many legitimate medical treatments and drugs.See a real life case study  in our blog

Iffy Insurance

Like most of us, you probably have various routine expenses; dental, drugs and so forth. Traditional insurers use only a portion of your premium to pay a little toward these routine expenses. On average, don’t expect to get back more than $70 in routine medical services for every $100 premium you pay the insurer.

“Year after year I get back from Blue Cross only a fraction of what I put in… Last year it wasn’t even half of my premium. I still had to pay another $1,700 out of pocket for ordinary routine stuff Blue Cross just didn’t want to pay for.”

– Peter C, owner of a small Alberta-based consulting company

Small Business Health Plan | PreTax HealthPeter discusses Health & Dental insurance vs a PreTax HSA

PRETAX HEALTH SPENDING ACCOUNT BENEFITS FOR SMALL BUSINESSES

Our plans have a number of business health benefits for small companies. With traditional insurers, you’re paying those routine costs anyway, plus 30%. With a PreTax Health Spending Account, your company can control precisely how much it wants to spend on medical: it’ll pay the cost of each claim up to the company-specified limit, and only a 10% admin fee. These are expenses, and completely tax-deductible. The benefit received by employees is also 100% tax-free.

You’ll have far fewer restrictions on what’s covered, you can set precise spending limits by class of employee (and have them decide how they want to use it), AND you’ll save the $7 per person per business day – money you’re currently overpaying in unnecessary salary taxes to Canada Revenue Agency.