Personal Health Services Plan
Stay healthy and save money.
A PHSP (private health services plan) allows business owners a simple way to set up a health plan for themselves and their employees. Rather than paying for costly insurance premiums with after tax dollars, a Private Health Services Plan allows owners to self direct their plan. With before tax dollars, the account is funded by the business therefore creating a direct expense to the company.
Private Health Services plans were created in the interest of tax planning, and offer a simplistic way to offer employees a 100% tax free health plan while creating a 100% expense to the company. Private Health Services plans follow strict guidelines set out by the Canada Revenue Agency. It is for this reason that you want to hire a professional to administer your plan.
PHSP Enrolment Form
Fill out this section as detailed as possible
PHSP Enrolment Form
You can set your coverage for as high or as low as you like. Keep in mind, that in order to comply with Canada Revenue Agency tax laws, you must allot your employees with at a minimum 10% of the highest amount.
PHSP Enrolment Form
Fill out as detailed as possible
Company Info
Company Legal Name
Company Type
Address
City
Province
Postal Code
Phone
Owner Name
Additional Owner Name
Effective Date
Business Number
Coverage Details
Class Name 1
Class Amount 1
Class Name 2
Class Amount 2
Class Name 3
Class Amount 3
Class Name 4
Class Amount 4
Employee Info
Employee Name
Address
City
Province
Postal Code
Phone
Effective Date
Class Coverage
Dependants
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