who qualifies | what's covered | in province medical / travel medical

Group Medical insurance - flexsave

flexsave is an innovative way to tax-deduct money spent on all healthcare and dental services. It can be used on its own or in combination with existing group insurance coverage. With today's rising healthcare and dental costs and aging population, flexsave is an ideal way to maximize tax-deductibility, customize flexible benefits and reduce costs.

Who Qualifies?

Corporations

Increasingly, corporations are facing rising benefits costs combined with more restrictive contract wording. With flexsave, corporations can take advantage of a new approach that could save up to 30% and provide increased flexibility and control. There are no limits or conditions* (* Provincial Medical / Travel Medical is available but not compulsory for Corporations).

To enroll in flexsave, click on the 'enrollment' link on the left.

Unincorporated/Self-employed individuals

Before 1998, there were only two ways for self-employed individuals to pay for medical and dental expenses:

Group Insurance - Many services are not covered and are subject to both deductibles and co-insurance.
Pay Cash - No or little tax deduction due to the 3% medical tax credit rule

With flexsave, self-employed individuals and unincorporated entities can completely tax-deduct money spent on all eligible healthcare services. flexsave can be used on its own or in combination with existing group insurance coverage.

Annual limits - $1500 for each adult and $750 for each child. For example, a family of 2 adults and 2 children has a maximum benefit of $4500. This can be used by any one individual* (* Condition - Canada Customs & Revenue Agency 'CCRA' requires an element of risk component for unincorporated / self - employed individuals. The element of risk associated with flexsave is Provincial Medical / Travel Medical insurance).



who qualifies | what's covered | in province medical / travel medical