| FREQUENTLY ASKED QUESTIONS
Who Qualifies?
What are the Premiums?
What Does the Plan Cover?
What are Examples of Items NOT Covered?
Are the Health Expense Refunds Taxable?
What is the Role of Olympia Trust?
How Do I Register?
Click here to download Accountants and Technical Bulletins (PDF)
 Who Qualifies?
You qualify if you operate a Canadian incorporated business or limited company. The size of the business is not a factor.
If you are a self-employed individual (proprietorship), you are also eligible. There are some restrictions however. Please contact us for specifics relating to your business.
Top of Page
|
 |
What are the Premiums?
There are no premiums! That’s right. Our Private Health Services Plan is a stand-alone, cost plus program that operates by direct reimbursement of health care expenses to you and employees.
To enroll in the program, there is a modest one-time registration fee (dependent on size of business). After that, an administration fee is paid only at the time a claim is made. Large companies have several options to customize their plan structure and a maintenance fee is levied accordingly. All fees are modest and 100% deductible.
Top of Page
What Does the Plan Cover?
100% of virtually all medical, vision and dental procedures. Especially beneficial for services not typically covered by health insurance such as eye laser surgery, orthodontics, out-of-country services and much more.
If you ......
- Go to the chiropractor
- See a dentist
- Wear glasses/contact lenses
- Take any type of medication
- Pay health insurance premiums
- Pay a portion of health care
costs and/or a deductible
|
- Are planning elective surgery
- Require crown & bridge work
- Wear braces
- Wear a hearing aid
- Have dentures
- Travel for health reasons
|
....you are covered!
Top of Page
What are Examples of Items NOT Covered?
- Health/fitness club fees, health programs offered by hotels and resorts
- Illegal operations, treatments or drugs
- Vet bill for your pets!
Top of Page
Are the Health Expense Refunds Taxable?
No, the refunds are received completely on a tax-free basis.
Top of Page
What is the Role of Olympia Trust?
Olympia Trust acts as Trustee and Professional Administrator for your plan, maintaining accounts as a basis for audit control and ensuring all claims are eligible under the Income Tax Act.
Top of Page
How Do I Register?
Please contact me (click here). I will provide the appropriate forms for your business and assist you with their completion. There is no medical underwriting involved and age is not a factor in eligibility. Once your application is processed, you will receive plan booklets and claim forms, have full online access to your account and we will take very good care of you!
Top of Page
|
Newsletter 