Typically implemented for small and medium-sized business owners or key employees, the Cost Plus Program fully reimburses expenses that are ineligible or not covered by an existing health or dental care plan, deductibles or co-insurance, as well as expenses exceeding a pre-determined maximum*.
The main advantages of the Cost Plus Program
Below are some of the many advantages the Cost Plus Program offers :
Reimbursed expenses, including fees and taxes, do not constitute taxable income for the employee (except in Quebec, where the amount is considered a taxable benefit, for provincial taxes only).
Reimbursed expenses, including fees and taxes, are deductible expenses for the business.
Members benefit from tax savings.
It also increases the level of satisfaction of business owners and key employees with the benefits offered.
Paid claims have no impact on group rates.
*In Quebec, the Cost Plus Program can only be offered if there is an existing group insurance plan that covers drug expenses in accordance with RAMQ’s minimum criteria.
Contact us for more details about the Cost Plus Program or ask for a quote!
