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Private Health Service Plans (PHSP) for Canadian Businesses

250.590.5747

How Private Health Services Plans Work

Below is an example of how a PHSP works using a $1000 dentist visit as an example.

Employee pays dentist $1000
Employee pays dentist and gets receipt

Employee
$-1000

$1000 out of pocket

Employer
$0

$0 out of pocket

Employee sends claim form and receipt to CMB
Employee submits receipt and claim form to CMB

Employee
$----

$1000 out of pocket

Employer
$----

$0 out of pocket

Employer gets invoiced and pays CMB full amount plus administration fee
CMB invoices employer for claim amount +10%. Employer gets full tax deduction
Employee

$----

$1000 out of pocket

Employer

$-1100

$1100 out of pocket

Employee gets reimbursed full $1000
Employee gets cash back tax free
Employee

$+1000

$0 out of pocket

Employer

$----

$1100 out of pocket

Summary

Employee is reimbursed 100% and not out of pocket. Employer gets full tax deduction for Coast Mountain Benefits invoice of $1100.