A Cost Plus plan takes a company’s coverage one step further by allowing you to strengthen your coverage with extensive tax savings. We recommend that you consult your independent tax advisor before making these types of decisions. Cost Plus coverage can be a tax effective way to supplement benefits that may not be covered by your existing group plan.


The benefits to your company in using Cost Plus are twofold. First, you can tax effectively enhance the benefit plan for a specific class of employee who you may want to offer a higher reimbursement or broader coverage to, without having to insure the risk or assume a risk for the entire group. Secondly, the cost of the claim, the fees and the taxes are deductible health care expenses for the company and are non-taxable income for plan members in most provinces.