Want great health coverage for your medium business, while maximizing your tax savings?
Nucare provides Medium Business Health Insurance for Canadian companies that are customized to the unique needs of your business.
Nucare provides simple cost-effective health benefit solutions for Canadian medium businesses.
Our clients usually save 30% to 40% off their existing health care costs and in some cases as high as 60%. Nucare Health delivers healthy results for you and your finances. Nucare’s Medium Business Plan is a Private Health Service Plan designed for small business owners with more than 5 employees. The Medium Business Plan provides great health coverage for you and your employees while helping you save money.
Here’s how Nucare’s Medium Business Health Plan benefits you:
- Tax Advantage
All your health costs are put into a “health spending” account which is 100% tax deductible. You and your employees draw from the fund as health care needs arise. Any unspent funds are forwarded to the following year, allowing your coverage to grow with the growth of your company. At the end of the year, send your accountant your Nucare Health statement, and watch your tax savings grow.“
Nucare’s Medium Business plan is exactly what we needed, which was a way to keep our employees and their families healthy without the fear of runaway costs. The savings got our attention, but their great service team keep us as clients.”
Christy T., 52, Medium Business Owner
- Health Coverage Plan
Nucare’s Self Emplyed plan provides the flexibility and freedom to get the health care you and your employees deserve. Configure your plan as you see fit, and Nucare Health manage everything. All claims, regulations, and fulfillment are handled by by Nucare’s expert staff and processes.“
We were very pleasantly surprised with the results after moving to Nucare. Our employees got access to more health services, and our accountant shows me how much money we save. Nucare is a no brainer and is highly recommended for any business.”
Josh A., 45, Medium Business Owner
- Government Backed
The Canadian Federal Government created the Private Health Services Plan in place to help Canadians to get the health coverage they needs by allowing medium businesses to write off their PHSP spending off as a business expense.
Because Nucare’s Health Spending Account is administered in compliance with Canada Revenue Agency, all contributions are recognized as a 100% business deduction in the year in which they were contributed.
How does it work?
- Each month, you put funds into your Nucare administered Private Health Service Plan like you would with any other health care plan. Automatic withdraws are available.
Plans start at $50/month!
- Submit your health care spending claims to Nucare and get covered right away based on the coverage you want for your medium business.
Nucare’s claims process is easy and quick. Payments are made daily.
- At the end of the year, Nucare sends you a receipt for your tax return. Any unused funds carry over to the following year (indefinite for incorporated professionals, 2 years max for sold-proprietors)
Nucare’s clients have saved thousands of dollars while increasing their health coverage!
Unused contributions are returned to you.
Client Case Study
Business: Private Health Clinic
Premium Paid: $40,000
Annual Claims: $30,000
Andrew owns a private health clinic with 15 employees. He spends ~$40,000 a year on health insurance premiums to provide health benefits for himself and his staff.
Health Insurance Premiums: $40,000
Health Insurance Claims: $30,000