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Your Number-One Benefits Alternative
Private Health Services Plans (PHSPs) are the number-one alternative for Canadian small businesses to provide full-coverage for Extended Health Care, Prescription Drugs, Hospitalization, Dental Care, and Vision Care for their employees!
Small businesses can now deduct 100% of their family’s health and dental expenses through their business, saving over 30% – tax-free. Say goodbye to traditional plan premiums and hello to personalized benefits. With a PHSP, you only pay for what you need when you need it, whether it’s prescription medications, therapeutic therapies such as massage or chiropractic, dental and orthodontics, and beyond! No more wasted money on unused services!
Larger companies with employees can also take advantage of a Private Health Services Plan by implementing programs such as Health Spending Accounts, Flexible Spending Accounts or Cost Plus Plans for Executives.
Rest easy knowing that your plan is safely controlled by you, the policy owner
Design an a la carte plan that works specifically for your needs, and diversify your coverage
Never experience unexpected costs again knowing that you have control over your own plan
Now and into the future, know that your plan will remain flexible and versatile
Never get surprised with unforeseen costs again, with fixed costs and a transparent contract
By committing to a flexible, versatile plan tailored for you, costly deductibles can be eliminated
Private Health Services Plans are amazing! They offer you the freedom of providing coverage for an extensive range of eligible expenses…no square boxes, no restrictions on the type of expenses you may require or how much you may spend on any particular service! 100% coverage! CRA provides a guide of Eligible Medical Expenses that are acceptable expenses through a Private Health Services Plan. Some expenses that may interest you and your family are:
With Health Risk, you can explore the various options available and find a plan that fits your benefit plan philosophy budget and healthcare needs. Don’t settle for generic healthcare services – discover the advantages of Private Health Services Plans today by booking a discovery session with Health Risk.
A Private Health Services Plan (also known as a PHSP) is an alternative to traditional health insurance. PHSPs have unique properties that other plans do not provide. Used by thousands of small business owners across Canada, a PHSP is a cost-effective way to provide health and dental benefits to employees. In simple terms, health and dental benefits offered through this plan are fully tax deductible to the business and received 100% tax free by the employees. There are no premiums, hidden fees, deductibles, copay, or complex policies.
For entrepreneurs and self-employed professionals, this effective tool can be used to cut your taxes and reduce your medical costs. The PSHP gives you the ability to write off health and dental expenses which can potentially create savings of more than 30% on medical and dental related expenses.
When it comes to provincial health plans, they give you access to basic medical services, while private health plans cover additional things that government health plans do not cover.
We respectfully acknowledge that we are located on the traditional territories of many First Nations, Métis, and Inuit peoples who have cared for this land for generations. We honour their histories, languages, cultures, and ongoing contributions to our shared communities.