subject: Self Directed Medical Reimbursement Plan [print this page] Author: saichon sannok Author: saichon sannok
If you are an entrepreneur, self-employed or small entrepreneurs, we can show you how to recover your personal medical and dental expenses. The Stratusmax Health 'n' Private Health Services Plan "or" Health and Welfare Trust enables entrepreneurs, owners, their families and to convert some of their key people to take this opportunity to out-of-pocket dental and medical expenses and to In a business deduction. Canada Revenuepublished an extensive list each year of the eligible costs, which includes things such as: massage, physiotherapy, chiropractic, cosmetic dentistry, osteopathy, plastic surgery, orthodontics, medicine and much more If you and your family have $ 5000 in dental bills and $ 2000 in medical expenses this year and all this in the context of an extended health plan, you will receive $ 7,000 paid in wages will, dental and medical expenses with your personal incomeDollars. If your company pays $ 5000 directly to the dentist and pay the $ 2,000 in medical costs associated with your name, it will be a taxable benefit to you as an employee. However, if you have private medical insurance service plan, you can now even pay for the $ in 7000 and then the revenue and expense claim forms for your company administrator. Your company administrator will take your receipts and claim forms and submit them with a company check for $ 7000,plus 10% administration fee and applicable taxes Stratusmax health. Stratusmax Once a decision of the health claim, they will not (a check for $ 7000 with responsibility for the applicant) to the company. This becomes a non-taxable employee benefit and a taxable deduction for your business. Stratusmax Health is a third party administrator. By using a third party administrator to manage your claims and after the Canada Revenue Agency tax laws you canStrategy to save money each year on the dental and medical costs.http://www.healthplan.pannipa.com/2009/10/self-directed-medical-reimbursement-plan/About the Author:
