FlexSave™ Overview:
Flexsave is a plan that facilitates self-employed individuals and companies paying their health and dental expenses in a tax-effective and cost-efficient manner.
Flexsave works very differently than traditional group or individual health and dental insurance programs in that there are no ongoing premium payments required* following a one time set-up fee of $250.
A company enters into a contract with HUB for the indemnification of an employee’s health/dental benefits, whereby the company agrees to provide funding for these expense amounts and the applicable fees and taxes up to a limit the company sets in advance. The total amount paid by the company is deductible to the business and the employee does not receive a taxable benefit.