Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Incorporating own business

Slava · 08-24-2012, 09:55 AM

I like these plans in general, but I do wish that more people would use them in conjunction with an actual benefits plan for their own well being. It's perhaps not as a big of a deal if you are the sole employee of the business, but there are certainly cases where having a full insurance plan is a little smarter.

I've seen cases where employees have a set limit per year (say $3000). You go in for a root canal, bridge and cleaning and that $3k is shot. Now its true that a lot of medical coverages have limits on dental per year as well. The difference though is that with the PHSP your coverage is used up and now when you need prescription drugs, chiro, massage, etc. for the remainder of the year you are out of luck.

08-24-2012, 09:55 AM	#6
Slava Franchise Player Join Date: Dec 2006 Location: Calgary, Alberta Exp:	I like these plans in general, but I do wish that more people would use them in conjunction with an actual benefits plan for their own well being. It's perhaps not as a big of a deal if you are the sole employee of the business, but there are certainly cases where having a full insurance plan is a little smarter. I've seen cases where employees have a set limit per year (say $3000). You go in for a root canal, bridge and cleaning and that $3k is shot. Now its true that a lot of medical coverages have limits on dental per year as well. The difference though is that with the PHSP your coverage is used up and now when you need prescription drugs, chiro, massage, etc. for the remainder of the year you are out of luck.