A Private Health Services Plan (PHSP)

PHSP was introduced as a cost efficient and tax effective means of providing health and dental benefits for small and medium sized businesses.

You pay your health and dental expenses as you normally would. Your business then pays Cost Efficient Benefit Plan (the plan administrator) a payment to cover the expenses, plus an 8% administration fee (both of which are tax deductible). Cost Efficient Benefit Plan then provides you (the employee) with a tax-free reimbursement of the expense incurred.

The PHSP is an inexpensive way for incorporated employers and sole proprietors to provide Tax Free health and dental services for themselves and their dependents, their employees and their dependents. These services, available through Cost Efficient Benefit Plan, are 100% tax deductible to the corporation or the sole proprietor.

Cost Efficient Benefit Plan can help you tailor the right plan for you and your employees.

Alternative benefit plans normally do not provide the coverage desired or are simply not cost efficient. PHSP fills the gap. You never pay for coverage you don‘t use or need.