Brock Health Administration Ltd.

Brock Health Administration Ltd.
Category: Dental Insurance

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• Description
  Business profile

  Brock Health is the lowest cost PHSP provider in Canada. Make your family medical expenses 100% tax deductible and reduce your corporate taxes. A Private Health Services Plan (PHSP) is for Canadian small and medium sized businesses to provide health benefits to themselves and their employees while enjoying substantial tax savings. A PHSP is a low-cost alternative to Insured Plans. With no premiums, a sole proprietor, self-employed, contractor, consultant, tradesperson, professional corporation or traditional incorporated business only pays when a claim is submitted. Your business receives a 100% tax deduction for the claim amount and a Brock Health PHSP has a fixed percentage of the claim so your service is predictable. Reimbursements to your employees are not taxable benefits and are more comprehensive than most Insured Plans. The reimbursement payments from the PHSP to your family members are not considered income, so no tax is paid. A PHSP does not have the income restrictions and thresholds for medical expenses like personal tax returns even though they use the same allowable medical expenses list defined by Canada Revenue Agency. Control costs for your employee health benefits and provide health benefits as an incentive to retain your employees. Pay less than you do today for insurance while making the coverage more comprehensive.