Health and Dental Plan
Health and Dental Plan
Dental Bliss, Healthy Smiles Guaranteed
Broadmoor would deliver health and dental plan services by conducting comprehensive client assessments to understand needs and budget constraints. Leveraging expertise in Canadian tax laws, it designs customized benefits packages, ensuring compliance and tax deductibility. Collaborating with insurers, Broadmoor delivers comprehensive coverage while maximizing tax advantages for clients, adhering to regulatory standards.
Adherence to Laws
Our services compliant with federal and provincial tax laws, including Insurance Companies Act, Income Tax Act, Canadian Council of Insurance Regulators (CCIR) Guidelines, Office of the Superintendent of Financial Institutions (OSFI) Guidelines, Canadian Life and Health Insurance Association (CLHIA).
What it includes
- Assessment: Broadmoor assesses client needs and budgets to tailor health and dental plans accordingly.
- Compliance: Ensures plans adhere to Canadian tax laws, maximizing tax deductibility while providing comprehensive coverage.
- Collaboration: Works with insurers to negotiate competitive rates and terms, optimizing benefits for clients.
- Implementation: Assists clients with plan enrollment and compliance procedures, ensuring seamless integration.
- Ongoing Support: Provides continuous guidance and updates to clients, ensuring compliance with evolving tax laws and regulations.
benefits to you
- Tax Deductibility: Health and dental plans structured by Broadmoor are designed to be tax-deductible under Canadian federal and provincial tax laws, reducing overall tax liabilities for employers.
- Comprehensive Coverage: Employees receive comprehensive health and dental benefits, promoting well-being and productivity while complying with provincial and federal regulations.
- Employee Satisfaction: Access to quality health and dental benefits enhances job satisfaction and retention, aligning with labor laws and fostering a positive workplace culture.
- Legal Compliance: Broadmoor ensures that health and dental plans adhere to Canadian federal and provincial laws, mitigating legal risks for employers and promoting regulatory compliance.
- Cost-Effective Solutions: By optimizing tax advantages and negotiating with insurers, Broadmoor delivers cost-effective benefits solutions, supporting financial stability for employers.
- Expert Guidance: Clients benefit from Broadmoor’s expertise in Canadian tax laws, receiving tailored advice and support to navigate complex regulatory requirements effectively.
How we work
Understanding Client Needs
Consult with clients to grasp their requirements, goals, and preferences, ensuring alignment with their financial strategies.
Implementing Efficient Systems
Introduce easy-to-use tools and processes tailored to client needs, promoting accuracy, compliance, and streamlined operations.
Providing Feedback and Support
Offer continuous assistance, communication, and training to ensure clients effectively utilize systems and address any concerns.
What we will deliver to our clients
- Needs Assessment: Conduct comprehensive assessments to understand individual clients' health and dental coverage requirements and budget constraints.
- Compliance Assurance: Ensure that individual health and dental insurance plans comply with Canadian provincial and federal tax laws and relevant government acts.
- Tax Optimization: Structure insurance plans to optimize tax deductions for individuals while remaining compliant with tax regulations and government acts.
- Coverage Customization: Customize insurance packages to meet the unique health and dental needs of individual clients, ensuring comprehensive coverage.
- Legal Documentation: Prepare and maintain all necessary legal documents and contracts related to individual health and dental insurance plans, ensuring compliance with government acts and regulations.
- Education and Guidance: Provide personalized education and guidance to individuals regarding their insurance benefits and tax implications under Canadian law.
- Claims Assistance: Offer support and assistance to individuals during the claims process, ensuring timely reimbursement and compliance with regulatory requirements.
- Regulatory Updates: Stay updated on changes in Canadian tax laws, provincial regulations, and relevant government acts, and communicate updates to individual clients.
- Reporting and Filing: Assist individuals with the preparation and submission of required reports and filings to government agencies, such as the Canada Revenue Agency (CRA).
- Compliance Monitoring: Monitor individual insurance plans for compliance with tax laws and government acts, providing guidance and adjustments as needed.
- Cost Management: Develop strategies to help individuals manage insurance costs while maximizing tax benefits and maintaining comprehensive coverage.
- Travel Advisory Updates: Providing travelers with updates on travel advisories and regulations that may impact their insurance coverage and tax planning.
- Conflict Resolution: Provide mediation and resolution services for any disputes related to individual insurance coverage, ensuring compliance with legal requirements.
