What if I told you that for every $1 spent on medical expenses for you and your family, it is really costing you $1.30 or more. Unfortunately, medical expenses are not always an expense that you can avoid, however, I can help you avoid paying that extra 30+% by starting up a Health Spending Account.
A Health Spending Account is an alternative to traditional health insurance. Used by small businesses and incorporated professionals across Canada, an HSA is a special account that is established to exclusively pay for health care services for you and your family members.
An HSA enables a small business to deduct 100% of their family health and dental expenses - without paying standard premiums typically associated with traditional health insurance plans.
The ability to write off health and dental expenses can create savings of more than 30% on medical and dental related expenses. For small businesses and incorporated professionals, this is an effective tool to cut your taxes and reduce your medical costs.
So before the braces start, make sure to give us a call and find out how to make things ~30% cheaper!