FlexSave™: Fees and Taxes

Fees:

• One time deductible set-up fee of $250 payable to HUB per company
• 10% (of each claim) deductible administration fee payable to HUB.
• For example, on a $1,000 dental bill, HUB will charge a $100 processing fee

Taxes:

• Ontario
  • HST of 13% required on the 10% administration fee
  • PST of 8% required on claim amount
  • Premium tax of 2% on claim amount and administration fee
   
  British Colombia
  • HST of 12% required on the  administration fee
   
  Alberta, Manitoba, and Saskatchewan
  • GST of 5% required on the 10% administration fee
   
  Atlantic provinces
  • HST of 13% required on 10% administration fee
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  Summary Totals: Fees and Taxes
  
  Hub Financial provides a “fillable” claim form on its website (see section on forms) which will ensure proper calculation for each filed claim.
  
   

 

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