Cost Plus is a tax-effective way for an employer to pay for an individual’s claims that are not covered under the group benefit plan. This program is usually provided for incorporated business owners and other executives.

Unlike the traditional fully insured group benefit plan, Cost Plus is a self-insured program, paid with corporate dollars on a claim-by-claim basis.

Cost Plus covers medical and dental expenses that qualify under the Income Tax Act.

Advantages of Cost Plus

• Benefits paid to an individual are non-taxable
• 100% tax deductible business expense
• No monthly premium payments required
• Covers a more extensive range of services and expenses than a group benefit plan
• Broader definition of an eligible dependent

Contact us for more information on our Cost Plus Program.