Whether you are a sole proprietor, small business, or incorporated company, with the SABRE MEDdirect™ PHSP you can give your employees a comprehensive, non-taxable medical benefits package -- and deduct 100% of the resulting expenses from your business income.
Your company contracts with SABRE Health Direct Inc. to pay tax-deductible expenses not covered by basic health and dental group insurance plans.
We can accommodate funded or non-funded plans.
The following is the process for administration of a PHSP:
Some different conditions apply to unincorporated and incorporated businesses. The following chart summarizes them.
|% of income||✓|
|Per family member||✓|
|Insurance cycle||Jan. 1-Dec. 31 (may be prorated)||365 days from anniversary of effective date|
|$150.00 one-time setup fee||13% HST on administration fee|
|10% administration fee on claims||8% PST on claim & administration fee (Ontario)|
|2% premium tax on claim & administration fee (Ontario)|
SABRE Insurance Group · 5025 Orbitor Dr. · Building 3 · Suite 300 · Mississauga, ON · L4W 4Y5
Tel: 905-206-0900 · Fax: 905-206-1600 · Tel (outside the GTA): 1-800-314-3346