Individual Plans
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| Advantage
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| Discover the savings you will receive from a Benecaid Health Spending Account versus the Medical Tax Credit!
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| Calculate The Savings
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| Individual Health Spending Accounts
What is covered ...
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In addition to prescription drugs, a Benecaid Health Spending Account® can be used to cover a wide range of services tax-free. Unlike traditional insurance plans, you can benefit from a wider variety of coverage with no limits or maximums. Below is a sample of just some of the healthcare services and products you can claim through a Benecaid Health Spending Account®…
Preventative Care
- Audiologist Services
- Naturopath Services
- Chiropodist Services
- Chiropractic Services
- Occupational Therapist Services
- Pharmacist Consultation & Services
- Physicians and Surgeons
- Dieticians *
- Physiotherapist Services
- Medical Radiation Treatments
- Psychologist Services
- Medical Laboratory Services
- Respiratory Therapists
- Massage Therapists (RMT)
Dental & Vision
- Cosmetic Dentistry & Whitening
- Dental Hygienist Services
- Dental Surgeons Services
- Dental Technologist Services
- Denturist Services
- Orthodontic Services
- Contact Lenses
- Laser Eye Surgery
- Optician Services
- Optometrist Services
- Prescription Glasses
- Prescription Sunglasses
Special Care Services
- Anti-Aging Treatments*
- Assistive Devices*
- Cosmetic Surgery
- Diabetic Pumps
- Elderly Parent & Dependent Care
- Fertility Drugs & Treatment Services
- Hair Replacement Surgery*
- Hair Removal Treatments*
- Overseas Specialty Medical Services
- Nursing Services
- Special Needs Tuition & Services
- Speech-Language Pathologists
- Vitamins & Supplements*
*Prescribed, Dispensed, and/or Supervised by a Registered Medical Practitioner
Whether you are a global corporation of one, or just getting started in the world of business, Benecaid offers an innovative health benefit solution to exceed your unique needs.
For incorporated professionals, Benecaid offers our HSA in the form of a Health and Welfare Trust (HWT). These “bank accounts” are 100% tax-deductible and can be used exclusively for financing your health-related expenses. Excess funds roll-over indefinitely and can be used for a broader range of health services — unlike traditional health insurance plans.
For sole-proprietors of unincorporated businesses, Benecaid offers a Private Health Services Plan (PHSP). This account is similar to that of a HWT with specific limits in terms of contributions and a 2-year forfeiture from date of deposit for making claims.
| | | | | | Learn More |  | | Individual HSA e-Brochure | |
| | | | | | Learn More |  | | Premiere Plan e-Brochure | |
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