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Professional AdvisorsAn International accounting firm has completed a review of the Operational Guidelines of National HealthClaim. The purpose of this review was to ensure compliance with the Income tax act. To receive access to a copy of this document, please email us and we would be happy to share it with you. Please include your name, phone number and the name of your company. Please email us at info@nationalhealthclaim.com. Excerpts from the review document: “It is our opinion that the National HealthClaim, Health Spending Account (or Cost Plus Plan) qualifies as a PHSP (Private Health Service Plan)” “In a Health Spending Account plan such as the one offered by National HealthClaim Corp., CRA has indicated that there are three contractual obligations that must exist … in order for the plan to qualify as a PHSP…..” “It has been determined by the courts that to qualify as a plan or contract of insurance five basic elements of insurance must exist. Interpretation Bulletin IT-339R2, “Meaning of Private Health Services Plan” (“IT-339R2”) identifies those five elements..…” |
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