Are you a business owners and looking for a solution that your business pays for your medical costs?
What Is a Private Health Services Plan?
A Private Health Services Plan is a highly-customizable added benefit that is frequently used to supplement existing insurance. A PHSP can be used by business owners, shareholders, and employees to reimburse and deduct medical expenses during the fiscal year.
Healthcare, vision and dental costs paid with after-tax money are reimbursed as non-taxable payments by the company under a PHSP. Those reimbursements are tax-deductible expenses for the company.
Because a PHSP can be customized by company size, employee class, and existing group plans, it is an incredibly flexible supplement to existing insurance plans, with no upfront or recurring fees, no deductibles, and no limits for vision, orthodontics, or other personal health expenses (except for employer set limits).
Private Health Services Plans work as both supplements and partial replacements for group plans, depending on the needs of your business. Our team can work with you to select and build a plan that works best for you.
Niklife offers companies of any size smarter alternatives to maximize their benefit plans with fair and affordable premiums. We can design a plan for companies with as few as one employee.
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