Spending Account

We are very excited to offer our clients with a Private Health Spending Plan (PHSP) administered through myHSA.  It can be used as a Health Care Spending Account for your employees, or as a Cost Plus/Medical Reimbursement top-up plan for business owners.

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Getting your Health, Dental and Vision claims paid through your company has never been so easy. 

A Private Health Services Plan (PHSP) can be a tax-free vehicle for financing the healthcare costs of business owners similar to a Cost Plus or Medical Reimbursement Plan.

A PHSP offers the following

  • Business Owners can be reimbursed for 100% of their health, dental and vision needs, up to the annual maximum (as defined by the business owner and recommended by their accountant), with tax-free dollars
  • Employees can also be reimbursed for 100% of their health, dental and vision needs, up to the annual maximum (as defined by the business owner), with tax-free dollars
  • A PHSP can be used for medically necessary health, dental and or vision expenses and you use only the credits you need
  • You realize true tax savings when you purchase health and dental expenses with before tax dollars- an immediate savings equal to your current tax bracket. These expenses become tax-deductible business expenses, and reimbursements paid to you are tax free.
  • Lower administrative costs.

If you would like to learn more about this exciting and interesting product please contact us at:

Email:      [email protected]   or by Phone:  (613) 507-4400