Group Insurance

Medical Reimbursement Plans ("Cost Plus")

This benefit is a "cost-plus" benefit, which provides top-up coverage for health, dental, and vision expenses eligible under current tax legislation but limited or not covered under the standard terms of your group contract.

Your plan can offer the Medical Reimbursement Plan ("Cost Plus") benefit to all employees or specific classes of employees, such as managers.

There is no monthly premium for the "Cost Plus" benefit. An administration fee is charged only when a claim is made and is 10% of the amount of the claim, with a minimum of $5 and a maximum of $150. The claim charge and administration fee are tax-deductible expenses to the company. Maximums ranging from $1,000 to $10,000, in increments of $1,000, can also be selected.

The "Cost Plus" Plan is an excellent way to supplement your group coverage for your key employees using pre-tax business dollars.