What is Hammer & Associates Health Services Ltd?
Hammer & Associates Health Services Ltd was introduced as a cost-efficient means of providing medical and dental benefits for small and medium sized businesses.
We are an inexpensive way for incorporated businesses and sole proprietors to provide tax-free medical and dental services for themselves, their families and their employees and their families up to the maximums set by CRA.
It is 100% tax deductible to the corporation or the sole proprietor. Alternative benefit plans normally do not provide the coverage desired or are simply not cost-effective.
We can fill this gap.
Am I Eligible?
If you have an incorporated business, a limited company or sole proprietorship, you qualify. The size of the business does not matter. You could be a single shareholder or employee, or you could have numerous employees.
How does the Plan Work?
The Hammer & Associates plan directly reimburses your eligible expenses. The plan is used only when health related expenses are incurred. This means that the amount you pay is totally up to you. The entire expense then becomes 100% tax deductible to your company. You (or the employee) pay your medical and dental expenses as you normally would. Your employer then pays Hammer & Associates Health Services (the plan administrator) a payment to cover the expense plus an administration fee (which is also 100% tax-deductible to the employer).
Hammer & Associates then provides a tax-free reimbursement of the expense to you or the employee.
Why do I need this plan?
With Provincial Medical plans continually decreasing their liability and passing more costs on to the individual, it is more important then ever to create a plan to make your costs tax-deductible.
Some Eligible Expenses:
- Prescription Drugs
- Vision Care
Unlike the many restrictions in traditional health care insurance plans, there are a wide variety of liberally defined eligible expenses allowed by Canada Customs and Revenue Agency under this program (for example: laser eye surgery, cosmetic dentistry, counseling, massage therapy, cosmetic surgery, naturopathic treatment by qualified medical practitioners) Best of all, you only pay for those services used by yourself, your family or your employees.
A Tax Free Solution for Business Owners
Hammer and Associates is a company specializing in tailoring group benefit plans for all companies of all sizes. We will meet and discuss the needs of your company and employees then recommend the plan best suited to meet those needs.
We provide medical and dental benefits for small and medium sized businesses.
There is no set up fee to implement the plan and no annual charges!
A few of the features:
- 100% Tax deductible expenses
- Customized premiums and plan design
- Limited expense restrictions
- The health and dental benefits plan for smart companies
- This is not an insurance plan....
it is a Health and Welfare Trust.