The Private Health
Services Plan (PHSP) is an inexpensive way for incorporated employers
and sole proprietors to provide tax free health and dental services for
themselves and their dependents, their employees and their dependents.
These services, available through Cost Efficient Benefit Plan, are 100%
tax deductible to the corporation or the sole proprietor.
The employer defines
which employees participate in the PHSP plan and sets the level of
The plan offers flexible
coverage as defined under the Income Tax Act. The health and dental
expenses of one’s parents or grandparents may now be covered under Cost
Plus. Please contact Cost Efficient Benefit Plan for more information.
With the ever increasing
cost of health and dental expenses, Cost Plus is the health care plan
every small and medium sized business should not be without.
If you would like to
know how the Private Health Services Plan (PHSP) can help you and your
company save money, please contact us.
Health Spending Account
A PHSP is also known as a Health Spending Account or Flex Spending Account. Both of these names are different ways of describing a PHSP (see above).
Cost Efficient Benefit Plan specializes in Health Spending or Flex Spending Accounts and we only charge a 5% administration fee on your claims.