"We were looking for very specialized insurance, and Renfrew was able to quickly provide us with a number of competitive quotes. I've since recommended Renfrew Insurance to a number of my colleagues."
Bruce Jensen, Partner, Pitch Digital Communications Inc.
Health & Welfare Trust is a means of providing
Health & Dental benefits (not otherwise covered by a plan)
more tax effectively than through a salary increase, because
the expense is paid out of pre-tax dollars. It can be employer
or employee paid, depending on your corporate goal for the Cost
Plus feature. This service gives employers the flexibility to
custom design an executive compensation package individually
suited to their company and people. Want more detail click
here.
Benefits to the Business:
Benefits to the Employee:
Tax deductible expense
Easy to understand
One-time set up fee
Tax free benefit
Easy to understand
Supplements existing plan
Health / Dental expense
paid by employee
Eg. $1,000
Employee completes claim form
c/w original receipts and submits
$1,000 expense to employer
Employer issues a cheque payable to
HUB Financial
for total cost of expense
plus 10% admin fee and GST on Admin fee only - $1,106
HUB Financial issues
a cheque payable to employee for 100%
reimbursement of the $1,000 expense
