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Private Health Services Plan (PHSP) and Health Spending Accounts (HSA)

All company owners can now pay for their family’s Health and Dental expenses TAX FREE through a Cost Plus PHSP available through Cost Efficient Benefit Plan.

Cost Efficient Benefit Plan: Based in Calgary, Alberta - Serving all of Canada.

Mailing Address

234, 5149 Country Hills Blvd. NW, Ste. 513 Calgary, Alberta T3A 5K8

Office Location

216, 3907 3A Street N.E. Calgary
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Representatives serving all of Canada

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What Is Cost Plus?

Cost Plus is a Private Health Services Plan (PHSP). It was introduced as a cost efficient and tax effective means of providing health and dental benefits for small and medium sized businesses.

The plan provides up to 100% coverage on all health, dental and vision care related expenses.

The Private Health Services Plan (PHSP) can also supplement existing health care plans that do not offer full coverage. Alternative benefit plans normally do not provide the coverage desired or are simply not cost efficient.

You never pay for coverage you do not use or need. What’s more, there are no monthly premiums to pay.

Cost Plus covers all health-related expenses eligible under the Canada Revenue Agency Income Tax Act.

Private Health Services Plan

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 coverage.

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.

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.

What is covered by the Private Health Services Plan?

In general, any service by a qualified medical practitioner is an eligible expenditure. Click here for a comprehensive list of all health and dental related expenses that can be paid for through your company, with the Private Health Services Plan (PHSP). If you have any questions or concerns, please feel free to call us at: 403-282-3776 or toll free: 1-800-651-3776