Insurance
companies pool together large numbers
of policy holders and use the premiums
of the many to pay the claims of the
few. This makes sense for protecting
against true disasters: a large number
of people pay modest premiums to pay
the losses of the few who suffer a
catastrophic loss.
You
simply do not need the expense and
complexity of risk-pooling to pay
for relatively minor and recurring
expenses. AccertaChoice lets you eliminate
the insurance company and self-insure
these costs directly at a significant
saving.
Given
the preferential tax treatment of
AccertaChoice versus paying out of
your pocket, it’s a win-win situation.
For
its part in pooling and managing risks,
the insurance company charges a large
fee. Health and dental claims do not
normally fall into the “unforeseen”
or catastrophic category. Statistics
Canada tells us that the average Canadian
family spends about $1,300 on health
and dental treatment in a year.
AccertaChoice
can allow an employer to freeze benefit
costs while nearly doubling the amount
of actual treatment funded by the
plan
To
freeze you benefit plan costs, click
here to request a proposal.
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