Health and Dental Insurance

These insurance benefit plans fully or partially cover dental and medical expenses such as medications, massage therapy, chiropractic care, orthotics, physiotherapy and psychological services.
These plans are best suited for individuals who do not have other company/group benefits.
They can be purchased to allow for individual, couple or family coverage. Costs vary with the type of plan selected as well as the age of the person/people being insured.
These plans are generally underwritten for eligibility, meaning that each individual applicant needs to be approved for the coverage requested particularly when drug coverage is being requested.

These insurance benefit plans cover the same type of expenses as individual plans but do not require medical underwriting of applicants prior to being approved (meaning that one does not have to disclose their medical history or undergo any type of medical exam).
Group benefits are often more comprehensive than individual benefits in regards to what is covered and for how much.
In order to be eligible for this type of a plan, the applicant must have a registered company which is either being run as a sole proprietorship or is incorporated. As well, there must be a minimum of 2 employees in the company for this type of plan.

These accounts can be run through one’s sole proprietorship or corporation and allow participants to have all allowable medical and dental expenses (including those which might not be covered by an existing health and dental plan), to be completely tax deductible instead of having to pay for these expenses with after tax dollars.
Some companies prefer to operate this type of program instead of offering traditional health and dental plans as a method of controlling costs in their company because with these accounts, one knows exactly what will be spent on health care/premiums from year to year, unlike a traditional plan which might see increasing premiums each year depending on plan use.