Health Spending Account is now available to Canadian small business owners.

Write off all your medical and dental expenses, get 100% coverage.

A Health Spending Account (HSA) is an alternative to traditional health insurance. Used by over 30,000 small business owners across Canada, the Health Spending Account is a special account that is established to exclusively pay for healthcare services for you and your family members.

Features of the Health Spending Account

Write off 100% of your personal medical and dental expenses with a Health Spending Account

-Convert out of pocket medical expenses into legitimate business deductions

-Create value by lowering the cost of your medical expenses and reducing your personal taxes

Get 100% coverage with a Health Spending Account

-Laser Eye Surgery

-Extended dental (including orthodontics)

-Chiropractors and other paramedical services

Experience the freedom of:

-No Medical Underwriting

-No Co-Insurance Payments

-No Deductibles

Get Instant Online Claims with a Health Spending Account

Submit, pay, and be reimbursed online

Reimbursement in 24-48 hours

Includes Comprehensive Travel Insurance with $5 million coverage for 60 days.

Are you a small business owner in Canada? Discover how the Health Spending Account can be the ultimate match for your business by calling Glenn today at 1.88.256.8685 or email glenn@cuttherisk.com

The post Health Spending Account – Small Business BEST kept Canada’s TAX Secret! first appeared on Insurance - Disability, Estate, Critical Illness, Travel, Life - Glenn Stewart.

Need to Retain Best Employees?

The right compensation can be the key to retain best employees and attracting talented newcomers. Small business owners can maximize the value of their compensation with smart spending on employee benefits.

A recent article from MarketWatch, a Wall Street Journal publication, advises that “the right menu of benefits can help businesses hold on to their most valuable staffers”. The article discusses how small business owners can use employee benefits as a business tool.

Although this article analyzes the US market, similar trends apply here           in Canada. While cash compensation and bonuses for performance are a great way to incentivize and reward employees, to be competitive, businesses also need to offer benefits coverage to employees. The value of employee benefits cannot be ignored, particularly when health and dental benefits in Canada are tax-free to the employee when received.

Certainly not all businesses can afford to offer the most comprehensive benefits plan. However, employers can share benefits costs with employees, reducing the burden on the budget. See our series on the many ways to share benefits plan costs, including payroll deduction and healthcare spending accounts, for example.

Benefits plans can be customized to best reflect the needs and goals of the business. It’s important to remember that younger employees may have different needs and expectations than older employees. The article suggests that employers keep that in mind when devising a benefits plan strategy.

Tim Kochis, founder and president of Kochis Global, says that small businesses “will ultimately have to respond to their competitive landscape. That is the driver. … In order to attract and retain the kind of employees they want, what kind of [benefits] do they need to provide.”

We encourage you to check out the article, and think about some of the ways you could use a benefits plan to the advantage of your business.

Glenn Stewart – CUTtheRISK.com offers a wide range of customized benefits plan solutions for small and medium sized businesses. Please contact meto discuss your company’s goals and how we can build the perfect benefits plan for you.

The post Want to Retain Best Employees? first appeared on Insurance - Disability, Estate, Critical Illness, Travel, Life - Glenn Stewart.