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Individual Health Spending Accounts

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.

      
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Individual HSA e-Brochure
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Premiere Plan e-Brochure
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