Travel, Health, Medical & Dental Insurance
Personal Health Spending Account (PHSP)
These plans are based on the idea of a trust. Employers agree to contribute up to a pre-determined annual maximum amount on behalf of each employee. The employee is then reimbursed for eligible dental and EHB expenses, only restricted to those that qualify under CRA rules, and employees can determine what they use their benefit for, restricted only by the benefit maximum.
PHSPs are a way to completely tax deduct healthcare and dental costs. Business owners can deduct 100% of eligible expenses from their gross income. They are tax free to both parties and can also be used with current group insurance. A PHSP is a great way to customize flexible benefits and reduce costs.
PHSPs are a way to completely tax deduct healthcare and dental costs. Business owners can deduct 100% of eligible expenses from their gross income. They are tax free to both parties and can also be used with current group insurance. A PHSP is a great way to customize flexible benefits and reduce costs.
Visitors/Student Medical Insurance
While visiting or studying in Canada, you must prepare for the possibility of a medical emergency or sudden illness. Healthcare costs can be very expensive and without the proper insurance, you would be responsible for the bill. There are many different options to suit your specific needs.
International Medical Insurance (Ex. Pat.)
If you are planning to live or work in a different country, it is important to make sure that you have the proper medical insurance. Your company may not provide you full insurance coverage and if you are bringing your family with you, you will want to have them covered as well. The investment in your health is worth it. If you are sending your employee(s) out of the country, you may want to offer group benefits.
Travel Insurance
Whether you are travelling for business or pleasure, to another province or an exotic locale, there are many coverage options to put your worries at ease. It is important to prepare for the unexpected. Trip cancellation, trip delay, medical emergencies and whether you need annual or single trip travel insurance are some of the things you should consider.