If you are not enrolled in a Group Benefits plan, health expenses not covered by your provincial health care plan along with your ongoing dental expenses can be costly. Prescription drugs, hospital coverage, visits to a Chiropractor, Naturopathic Doctor, Physiotherapist, Dentist etc. can all be covered under a variety of Individual Health & Dental Plans.

You can choose the level of coverage that suits your needs and the needs of your family.

There are also Individual Health & Dental Plans that offer automatic approval for people freshly coming off a Group Benefits Plan and coverage can be arranged to mimic that of the Group Plan ending due to retirement or termination of plan coverage for any reason.

If you are a business owner and/or incorporated and don’t wish to enroll in or commit to a Group Benefits Plan, but wish to reap the benefits of having your Health & Dental expenses be tax deductible, Individual plans can be set up in your business name as an option.

A Health Spending Account for business owners is also an attractive option as it offers great flexibility in terms of how much premiums will be invested and where the premium contributions can be spent. Once you contribute the monthly premium, it can be used to cover off any health & dental related expense you choose, as long as the contribution amount is available in your account. Top ups and reconciliations are available as well. This is an extremely beneficial plan available to business owners and their families and can be explained in more detail by your advisor, Nancy Zins any time.