For more questions or Inquiries about our Health Insurance you can call us at +1(403) 870-6059 or send us an E-mail ([email protected]) (we reply within 24 hours)
Tax efficient health planning strategies:
Is your family's health worth an additional $50 per year?
If you can spare an additional $50 a year to put toward your family's health, you can potentially afford an individual health plan. This is because if you are self-employed, your premiums may be tax deductible. Heres an example...
Approximate cost per year, for a family of three $1,400
Tax savings at a 32.5 percent marginal tax rate (455)
Net plan cost (including tax savings) $945
*If your marginal tax rate is higher you gain an even
greater tax savings*
Saved annual expenses (these are conservative estimates!)
Dental check-ups and cleanings
(two adults and one child) $455
Fillings and dental work $200
Eye exam and glasses $140
Prescription drugs $100
Total expenses $895
Net plan cost $50
*including tax savings and existing expenses
*Now consider the "what-ifs"....such as a root canal or chipped tooth, an ambulance ride, a hospital stay, or an unexpected medical condition, and you come out way ahead!
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