Visit Benefit Specialists Corp.


June 2014 Bulletin
Critical Illness Insurance or Long-term Disability Insurance?
Ted Rechtshaffen - The Canadian Financial Planner

May 2014 Bulletin
Governance is Key in Benefit Plans
Brooke Smith - benefitscanada.com

New Employees want Benefits
Apri View/Benefits Canada

BeneCo PHSP Reminder
Custom Care

March 2014 Bulletin
Outdoor Home Maintenance
Mike Port

Federal Budget 2014 Update
TBSC

What employers need to know about rheumatoid arthritis.
Kim Siddall - www.benefitscanada.com

When you leave home you shouldn't have to worry about anything. Atlas Travel has a variety of plans to cover everything from emergency hospital & medical insurance, trip cancelation, single and multi-trip plans, and student coverage when traveling outside of Canada.

You will feel secure knowing your financially protected during your travels.

Best Doctors Elite Diagnostic Imaging Service - for companies 10 employees and up. We all know the kind of wait times we experience today for medical services. If you require Diagnostic Imaging to help diagnose a serious medical condition, you can be facing a 2 to 3 month wait, or even longer. Of course, this adds additional anxiety to the stress of worrying what the results of the test will be. Best Doctors Elite Diagnostic Imaging Service provides rapid access to diagnostic facilities and medical consulting.
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Welcome to BeneCo

BeneCo (division of The Benefit Specialists Corp.) is a third party administrator. BeneCo has been in operation since 2005. Our friendly service team focuses on providing options for your business and is available to discuss your company's needs and will design a plan that works for you.

What is a Cost Plus plan?

A Cost Plus plan can be used to reimburse expenses that are not covered by group insurance plans or government healthcare. It can also be used when there is no group health plan offered by an employer. As business owners your health and dental care expenses can be paid with pre-tax dollars through your company.

It is designed to be a Private Health Services Plan under the Federal Income Tax Act. Through this act, claim payment can be deducted as a business expense by the employer whilst keeping claim payment non-taxable to the employee.

How do I qualify?

You qualify if you operate an incorporated business or a limited company. The size of your business is not a factor. Please review Income Tax Folio S1-F1-C2- Medical Expense Tax credit under the Government
website - (www.cra-arc.gc.ca).

What does the plan cover?

The plan covers 100% of all eligible medical, dental and vision care.

How does it work?

An initial set up fee of $350.00 to establish the trust would be paid in advance. An annual maintenance fee of $100.00 will be implemented on the yearly anniversary date of the trust.

The fee for administering Cost Plus is based on 10% of the claim amount, plus applicable taxes (minimum claim dollar amount of $150.00). We will provide full disclosure of your accounts for future audit control and employee/employer information.

What are the Advantages to set up a BeneCo Plan?

FOR THE COMPANY FOR THE OWNER
100% Tax Deductible 100% Coverage of all Health, Vision and Dental Costs
No monthly premiums Tax Free Benefits
Employer can decide level of coverage,
options and class structure
Can amend plan based on the owner's discretion
Fast Claims Processing along with Flexibility Can supplement existing group coverage