FlexSave™ is a Private Health Services Plan (PHSP) that helps incorporated business owners and self-employed individuals with employees pay the health and dental expenses of themselves and their employees 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.

An employer enters into a contract with HUB Financial Inc. to provide for the reimbursement of employees’ health and dental benefits. The employer agrees to provide funding for these expense amounts plus the applicable fees and taxes up to a limit the company sets in advance. The total amount paid by the employer may be 100% tax-deductible to the business and the employees may receive a tax free benefit.

Every tax situation is unique and can be quite complex. Clients should always seek independent tax advice before putting a FlexSave™ plan in place or deducting expenses related to FlexSave™.

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There are many reasons why a business owner may consider a flexible benefit solution like FlexSave. Whether you already have an existing benefit plan and are looking for additional flexibility, cost savings or have not yet put a plan in place…Flexsave may be just the health and dental solution you are looking for.

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If you operate a business, are self employed or an independent contractor with arms-length employees (not related to the owner) you may be eligible. The business must be your main source of revenue and an individual is not able to create a company for the sole purpose of a PHSP. There are no minimum or maximum size requirements

Click here for more information on: What’s Covered, Emergency Coverage, Wellness Options, Taxes, Funding, Forms and our FAQ.