|
A Private health services plan (PHSP) is a Canadian tax-free vehicle for financing the healthcare costs of employees. They are similar to a Health and welfare trust. They were introduced in 1989 by Canada Revenue Agency (CRA) in their interpretation bulletin entitled IT-339R2.〔IT-339R2 - Meaning of Private Health Services Plan, Revenue Canada, August 8, 1989〕 Today, they are one of the most popular forms of health spending accounts in the Canadian market. == Overview == The following information is nonsense, as expounded by several of the companies listed as contacts. Health and Welfare Trusts are divided into three sections, one of which is a Private Health Services Plan. Private Health Services Plans can be Insured (by an Insurance Company) or Self-insured (through an Insurer or Administrator). Self-insured Private Health Services Plans are often referred to as Health Spending Accounts. The Canada Revenue Agency states that Self-insured Private Health Services Plans (Health Spending Accounts) are NOT AVAILABLE to any self-employed unincorporated employers without arms-length employees. Their only option is an Insured Plan with an Insurer. This can be confirmed by contacting CRA at (itrulingsdirectorate@cra-arc.gc.ca ) In 1986, the Canada Revenue Agency introduced an interpretation bulletin entitled IT-85R2 - Health & Welfare Trusts for Employees.〔IT-85R2 - Health & Welfare Trusts for Employees, Revenue Canada, July 31, 1986.〕 This bulletin provided the basics for what would be known as a Health Spending Account or HSA to most Canadians. The original 1986 bulletin provided a tax-free vehicle for incorporated professionals and companies in the form of an HWT. Three years later in 1989, after pressure from non-incorporated entities, Canada Revenue Agency released another bulletin, IT-339R2 (''Meaning of Private Health Services Plan''), providing details on the concept of a Private Health Services Plan or PHSP for non-incorporated businesses in Canada. The Canada Revenue Agency, in the annual Guides it publishes for those reporting self-employment income from a business or a profession,〔(【引用サイトリンク】title=Guide to T2125 )〕 or from farming,〔(【引用サイトリンク】title=Guide to T2042 )〕 provides instructions for deducting Private Health Services Plan premiums. The PHSP resembles the HWT in many ways - particularly when it comes to the requirements for establishing a PHSP. These requirements are as follows: (a) The funds of the PHSP cannot revert to the employer or be used for any purpose other than providing the health and welfare benefits for which the contributions are made; (b) The employer’s contributions to the fund must not exceed the amounts required to provide the benefits; (c) The payment made by the employer cannot be made on a voluntary or gratuitous basis. In other words, once the payment plan is established it cannot change during the policy year. The contributions must be enforceable by trustees should the employer decide not to make the payments required; (d) The trust is a legal arrangement between the employer, with a third-party acting as the administrator and an independent trustee. The expenses to be paid out of the trust must qualify as medical expenses as defined by CRA (specifically subsection 118.2(2) of the Act). 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Private health services plan」の詳細全文を読む スポンサード リンク
|