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Custom Care

 

 

Health & Dental Insurance protects you and your employees from unplanned expenses

CustomCare offers Health, Dental and Extended Health Care benefits to Business Owners, whether Incorporated, or not. Coverages include:

Sole Proprietors Click Here

Private Health Services Plan (PHSP)

What Is A PHSP?

A Private Health Services Plan (PHSP) allows you to expense your medical and dentals costs (for you and your employees) through your company. This is a simple, cost-effective way to allow today's Canadian business owners to provide flexible health care benefits to their employees with huge tax savings.

Business owners looking for an effective and affordable health care benefit plan can stop their search here. CustomCare´┐Żs Private Health Services Plan (PHSP) allows you to expense your medical and dentals costs (for you and your employees) through your company.

How Does it Work? (PHSP)

Most health care insurance plans are fixed, meaning there’s little flexibility.
With Custom Care, our plans allow you and your employees to spend your health care dollars on what’s important to each of you. 
This is how the Custom Care plans work:
1) You pay your health or dental expenses as you normally would.
e.g. You pay your dentist $1,000
2) Your employer or your company then sends CustomCare Inc. (the plan administrator as required by the CRA) the receipt and a cheque to cover the expense, along with a 10% administrative fee both of which are 100% tax deductible.
e.g. Company pays CustomCare
$1,000.00   Dental Expenses
   $100.00    Admin Fee
$1,105.00   (Plus applicable taxes only on Admin fee)
3) CustomCare Inc. then provides the employee with a tax-free reimbursement of the expense incurred and sends the company a tax receipt for the full expense and the 10% administration fee to claim as a business expense.
e.g. You receive your $1000 reimbursement tax-free and the company receives a receipt for $1,105.00 which is 100% tax deductible to your business.
The claims process and issuing of reimbursement cheques typically takes between 5 and 7 days, you don't have to wait weeks to get your money back.
You can tailor your CustomCare PHSP in a way that suits your company and employee needs and you will never have to pay for coverage you don't use or need - remember NO MORE MONTHLY PREMIUMS!

What Does Your Plan Cover?


" Sorry, but your health insurance doesn't cover that procedure. "Most insured plans will not cover you 100%, leaving you paying out of pocket or going without the services you need.
Custom Care's flexible Private Health Services Plan (PHSP) is just the opposite. Seeing as everyone's needs are different, the CustomCare plan allows you to claim a wide array of medical procedures and services.
Because our plans are unique, our clients are able to customize their coverage based on their needs. Many procedures such as massage therapy, acupuncture and laser eye surgery, to name but a few are covered under our hassle-free plan.
If you're tired of hearing "your plan doesn't cover that," then click here.

 

Three Ways to Pay

One, two, three... did you know that's how many ways there are to pay for health care expenses?
With traditional insurance, you pay a monthly premium, every single month, whether you make a claim or not. Then, once you do submit an expense, your refund is always less than what you paid.
Paying out of pocket means that you have drawn a salary, paid the taxes on that money and are now paying your medical expenses with what's left.
The last option is to use your companies money to pay for your personal medical expenses, which is tax-free to you personally and 100% tax-deductible for your business.

 

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