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.
  • NOTE: You can also purchase an individual Health & Dental plan and run the costs of those expenses through a health spending account, potentially providing choice and a higher level of protection for you and your employees.  This option is available through StrategicHSA in partnership with The Edge Benefits Inc.

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