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100% Tax Free for the Employee100% Tax deductible for the BusinessTo find out how much you can save,
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FIRST... you pay your health or dental expenses as you normally would.
e.g. You pay your dentist $1,000
SECOND... 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
0,$100.00____Admin Fee
$1,105.00 (Plus applicable taxes only on Admin fee)
THIRD... 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!
How is this possible? The CRA IT Bulletin 3392R2 states that contributions made by an employer, to or under a private health services plan, on behalf of an employee are excluded from the employee's income and these contributions made by the employer are considered business outlays or expenses of the employer.
What this means is the employee receives a tax free refund of his or her medical and dental expenses and the employer writes the reimbursement off as a business expense. It's that EASY!
Even if you already have an insurance plan, add a CustomCare PHSP and deduct the remaining amount/percentage your existing plan doesn't cover.
Use our online registration system to register your company. Note you will require the following information:
Then pay the one-time setup fee (Note NO ANNUAL FEES) of $295.00 which includes unlimited employees at registration.
After you register your company online, you will receive a call from a CustomCare Client Services specialist to customize your program.
Finally, you will receive official documentation in the mail. Feel free to contact us at anytime if we may be of assistance.
Your company will then be able to process medical claims of you and your employees (and spouses/children) by going to our online claims calculator or using our form and mailing it to us with a receipt and a cheque for the expense amount plus a 10% admin fee. We will then reimburse you the amount for the expense with a receipt for the full amount (expense + 10% admin fee) which is then 100% tax deductible to your company.
