Health Plan premiums can be a direct tax deduction from your business income!
Finally, a health and dental benefit plan that lets YOU control the cost.
The best way to lower costs is to pay all expenses with pre-tax dollars rather than after-tax dollars.
A Vital Health Savings Plan lowers your cost by converting medical expenses paid with after-tax dollars to pre-tax dollars. The tax savings can be significant!
Amounts paid to a PHSP are a direct deduction against your self-employment business income. A business deduction, through Vital Health, results in greater tax savings than using the Personal Medical Tax Credit for medical expenses.
- Flexibility
- Freedom to spend on medical expenses that you choose
- You choose the amount of medical expenses to cover per year
- Ability to increase coverage as needed
- Coverage on All types of medical and dental expenses worldwide
- A wider range of eligible expenses than individual health and dental plans
- A lower cost compared to individual health and dental plans
- All prior or existing medical conditions are covered
- A Catastrophic Medical and Emergency Medical Travel Insurance Policy alleviates the financial burden for unexpected, high cost events
Your cost is determined by the amount of medical expenses you choose to cover.
See examples of Tax Savings.