Employees today are looking towards their employer to provide them with health and dental benefits. As an employer how can I make this work when I have 4 different generations in my work place? Employers are finding a combination of an insured and Private Health Spending Plan (PHSP) a viable option.

Employers want to ensure their employees are looked after in case of a catastrophic event which is why they offer life insurance, implement an income replacement program (disability) and offer a medical program. Today employers are asking how they should offer dental and vision care coverage.

Your benefit program is a reflection of your corporate culture. What is it telling you?

PHSP

As an employer you can offer complete coverage for your employees, cost effectively by setting up a health benefit account for each classification of employee.

A Private Health Spending Plan (PHSP) will enable you to develop a benefit program which meets your employees’ needs.

Many of us are use to a traditional benefit program where we are entitling to a certain co-insurance level with certain maximums applied. For example: Orthodontics coverage at 50% coinsurance up to $2,500. Under a PHSP you have the ability to design a program which works for you.

List of eligible expenses [Adobe Acrobat PDF - 31.56 KB]

Example A – Combination Insured plus PHSP

Example B – PHSP
View the Tax Calculator

Example C – My spouse has a traditional benefit program

Your contribution is 100% tax free to your employees and 100% deductible by the employer.