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HSA Savings

the evolution of health and dental benefits ©

Cost-effective Health and Dental Benefits

Assureflex is the best way to transfer Income Tax Free funds for Health and Dental Care. Assureflex Health Spending Accounts provide benefits to obtain and maintain physical and mental health. All Participant and Dependent benefits are non-taxable.

Insurance Plan Savings

If you have a personal or group plan for Health and Dental, you are paying
Claims plus 25% to 67% (with the insurer’s 60% to 80% Target Loss Ratio). Assureflex is Claims plus 10%, saving $150 to $570 per $1,000 of Claims.

There’s no need to pay excessive premiums to insurers for limited benefits.

Payroll and Taxes Savings

2020 Federal and Ontario Combined Income Tax Rates

  • Earnings up to $44,740 have Tax Rates of 20.05% Employer pays $1,250 (less 20.05% Tax), to have $1,000 for Claims.
  • That’s Claims plus a 25% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $150 per $1,000 of Claims.
  • Earnings over $44,740 to $48,535 have Tax Rates of 24.15% Employer pays $1,320 (less 24.15% Tax), to have $1,000 for Claims.
  • That’s Claims plus a 32% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $220 per $1,000 of Claims.
  • Earnings over $48,535 to $78,783 have Tax Rates of 29.65% Employer pays $1,420 (less 29.65% Tax), to have $1,000 for Claims.
  • That’s Claims plus a 42% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $320 per $1,000 of Claims.
  • Earnings over $78,783 to $89,482 have Tax Rates of 31.48% Employer pays $1,460 (less 31.48% Tax), to have $1,000 for Claims.
  • That’s Claims plus a 46% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $360 per $1,000 of Claims.
  • Earnings over $89,482 to $92,825 have Tax Rates of 33.89% Employer pays $1,510 (less 33.89% Tax), to have $1,000 for Claims.
  • That’s Claims plus a 51% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $410 per $1,000 of Claims.
  • Earnings over $92,825 to $97,069 have Tax Rates of 37.91% Employer pays $1,610 (less 37.91% Tax) to have $1,000 for Claims.
  • That’s Claims plus a 61% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $510 per $1,000 of Claims.
  • Earnings over $97,069 to $150,000 have Tax Rates of 43.41% Employer pays $1,770 (less 43.41% Tax) to have $1,000 for Claims.
  • That’s Claims plus a 77% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $670 per $1,000 of Claims.
  • Earnings over $150,000 to $150,473 have Tax Rates of 46.41% Employer pays $1,870 (less 46.41% Tax) to have $1,000 for Claims.
  • That’s Claims plus a 87% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $770 per $1,000 of Claims.
  • Earnings over $150,473 to $214,368 have Tax Rates of 47.97% Employer pays $1,920 (less 47.97% Tax) to have $1,000 for Claims.
  • That’s Claims plus a 92% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $820 per $1,000 of Claims.
  • Earnings over $214,368 to $220,000 have Tax Rates of 51.97% Employer pays $2,080 (less 51.97% Tax) to have $1,000 for Claims.
  • That’s Claims plus a 108% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $980 per $1,000 of Claims.
  • Earnings over $220,000 have Tax Rates of 53.53% Employer pays $2,150 (less 53.53% Tax) to have $1,000 for Claims.
    That’s Claims plus a 115% “tax penalty”, plus other payroll deductions. Assureflex is Claims plus 10%, saving $1,050 per $1,000 of Claims.

 

There’s no need for income and payroll taxes when benefits can be tax free.

Assureflex Benefit Plans

Assureflex can save you (and your corporation) thousands of dollars per year,
providing all available benefits. No program set-up or annual fees, no enrollment
fees, no artificial benefit maximums, no premium payments made in advance.

Contact us if there’s anything you need, and we’ll respond quickly.