Private Health Service Plans
Gilbert Benefit Consulting has developed a program for which we will administer a Private Health Service Plan that a corporation has for its employees. Specifically we are offering the following:
- Eliminate use of your after-tax dollars for your health care expenses
- Business’s eligible for PHSP include sole proprietors, self-employed, and contractors, as well as incorporated consultants, tradesmen, and professional corporations *some limits apply
- There are no monthly premiums; the business only pays when a claim is submitted.
- No restrictions, waiting periods, or prior history required
- Your business funds the entire cost of the PHSP plan and claims a 100% tax deduction.
- Reimbursements to employees are not taxable benefits
- All CRA Eligible dental, optical, chiropractic, physiotherapy, elective surgery, prescriptions, and more are completely covered (excluding cosmetic)
- Let your company pay your Health Care costs for you
Flow of Funds