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We’re going to share the secrets that big companies use to lower benefit plan costs

The best way to lower costs is to pay all expenses with pre-tax dollars rather than after-tax dollars.

The Vital Health Savings Plan uses a Health Care Spending Account for routine health and dental expenses plus a Catastrophic Medical Insurance Policy for major unexpected events with high costs.

Ask yourself this question: why insure for all potential expenses when you can pay for only the expenses you actually need?



2 components under 1 Plan


For Routine Health & Dental Expenses

  • Pay for only the expenses you actually incur
  • You determine annual amount of medical expenses to cover
  • Exhaustive list of eligible expenses


For Unexpected Expenses
Major events that are unlikely to happen are best insured under a Catastrophic Medical Policy.

  • Private Duty Nursing, Drugs, Medical Equipment, Physiotherapy
  • Low monthly cost


Complete Coverage for Less Cost (and by the way, tax efficient too!)

A Health Care Spending Account (HCSA) reduces the cost of medical expenses at your personal top marginal tax rate, compared to limited Personal Medical Tax Credit. The tax savings can be significant!

An HCSA is a health benefits bank account, with a pre-determined amount of funds decided by you, to be used for any type of eligible medical expense. Canada Revenue Agency’s list of medical expenses determines what is eligible, not an insurance company. If it can be claimed as a Personal Medical Tax Credit, it’s eligible to be reimbursed under the HCSA.

Customary expenses such as dental and vision, which are bound to occur, drive up the cost to insure them. High claims = high cost. Unexpected events with high costs are best insured under a Catastrophic Medical Insurance Policy. Our Catastrophic Medical Insurance Policy provides real risk protection at a fraction of the cost of a traditional health and dental insurance plan. Low claims = low cost. 

Learn more below.


Let's get started! select the button that best describes your business.

ˆSelf-employed OR Sole Proprietor 

Under a special section of the Income Tax Act enacted in 1999, premiums for a Private Health Services Plan (PHSP) are a deductible business expense for self-employed business people and sole proprietors.

See examples of the tax savings.

ˆAn incorporated business owner

Traditional insurance plans are expensive or offer limited coverage. Some business owners opt for no insurance at all  and pay for their expenses out of pocket. A Vital Health Savings Plan lowers your cost by converting personal medical expenses from after-tax dollars to pre-tax dollars.

See how it works.


ˆ A small to medium-size employer 

Small to medium-sized businesses benefit from a low cost Pay-As-You-Use plan that eliminates the need for an insurance company. You'll enjoy an exhaustive list of eligible expenses, flexibility, custom-plan design, controlled costs and high employee satisfaction.

See how it works.