FlexSave™ Health Plan
A Smart, CRA-Compliant PHSP for Canadian Business Owners
What Is the FlexSave™ Plan?
A smarter approach to health benefits for Canadian businesses
Smart Health Savings
FlexSave™ is a Private Health Services Plan (PHSP) that lets your business reimburse employees for medical and dental expenses in a tax-efficient way.
- No monthly premiums
- Easy online claims
- CRA-compliant structure
- Great for small business owners
Why Use FlexSave™?
Discover the advantages of our innovative health plan
💰 Tax Smart
Expenses are 100% tax-deductible to the business, and employees receive tax-free reimbursements. Maximize savings while staying compliant.
🧾 Simple Setup
$250 one-time fee, 10% admin on claims. No ongoing premiums or hidden costs. Get started in just 48 hours.
🧘 Employee-Friendly
Employees pick how to spend their benefits—more flexible than traditional plans. Improve satisfaction and retention.
Eligible Expenses
Comprehensive coverage for health and wellness expenses
Covered Services
- Dental: braces, cleanings, crowns, implants
- Vision: glasses, contacts, laser surgery
- Health: prescriptions, therapists, naturopaths
- Wellness: gym memberships, nutrition counseling
- Family: child care, elder care support
FlexSave vs. Traditional Insurance
See how our solution outperforms conventional approaches
| Feature | FlexSave™ | Traditional Insurance |
|---|---|---|
| Cost Structure | Only pay when used | Monthly premiums |
| Tax Benefits | 100% deductible + tax-free | Limited deductions |
| Flexibility | Custom limits & spending | Fixed coverage |
| Claim Process | Online portal & mobile app | Manual forms |
| Setup Time | 48 hours | 2-4 weeks |
| Contract Terms | No long-term commitment | Annual contracts |
How to Set It Up
Simple steps to implement FlexSave™ for your business
Business Eligibility
Must be an incorporated business (or self-employed with arm's-length employees). Sole proprietors may qualify under specific conditions.
Benefit Structure
Set fair benefit limits by employee class. We provide templates and guidance to ensure CRA compliance.
Trust Agreement
Sign a simple trust agreement with HUB Financial. Our team handles all paperwork and compliance requirements.
Funding Options
Choose between lump sum funding or as-you-go contributions. No minimum funding requirements.
Claims Submission
Employees submit claims through our easy online portal or mobile app. Most claims processed within 48 hours.
Compliance Assurance
Stay protected with our CRA-compliant structure
Best Practices for Compliance
Substantial Savings
How FlexSave™ reduces your healthcare costs
Compare & Decide
If you're spending out-of-pocket on health or dental care, FlexSave could save you 30–40% compared to personal payments—thanks to tax deductions and no T4 impact for employees.
For a business owner with $10,000 in annual health expenses:
- Personal Payment: $10,000 after-tax cost
- With FlexSave™: $6,000 after-tax cost (40% savings)
Frequently Asked Questions
Get answers to common questions about FlexSave™
FlexSave™ is available to incorporated Canadian businesses of any size. Sole proprietors may qualify if they have arm's-length employees. We also serve professional corporations and partnerships.
Most claims are processed within 24-48 hours when submitted through our online portal. Reimbursements are typically deposited directly into employee bank accounts within 2 business days after approval.
No, there are no minimum funding requirements. You can fund the plan as expenses occur or make periodic contributions based on your cash flow. Unused funds roll over year to year.
Our plan is structured as a CRA-approved Health Spending Account (HSA) administered by HUB Financial. We provide ongoing compliance monitoring, annual plan reviews, and maintain all required documentation for 7 years.
Ready to Get Started?
Join thousands of Canadian businesses saving with FlexSave™
Begin Your Savings Journey
Take the first step toward smarter health benefits and significant tax savings. Our specialists will guide you through a seamless setup process.
Request a Personalized QuoteHave questions? Call us at 1-800-FLEXSAVE
