Author Archives: superadmin
What happens to the funds in the account should I die?
Contributions remaining in the trust can only be released for eligible medical expenses. If there are dependents listed on the plan they still have access to the remaining funds. However, if there are no listed dependents, the funds stay in …
Who can be listed as an eligible dependent?
An eligible dependent is defined as a spouse or any member of the household with whom you are connected by blood relationship, marriage or adoption, and who is financially dependent upon you at some point in the year.
Can we contribute different amounts for different employees?
Contribution levels can be based upon employee classes. If the employer can clearly define classes for employees, different amounts can be offered. However, if you have two employees in the same position, they must be given the same amount.
What happens if I don’t use all the money that I contribute?
Any unused contribution carries forward and remains in the plan for future use.
What happens to the money in the plan?
The money that you put in is completely tax-deductible in the year of contribution. The funds themselves sit in our Trust account and are withdrawn tax-free to pay for healthcare expenses.
How do I go about setting up the plan?
Complete the online Application Form Complete an enrolment form for each plan member Send an e-transfer of $250 to info@winflex.ca Electronically sign the Trust document (which will be emailed to the contact person on the application form).
What are the costs?
There is a one-time set-up fee of $250 regardless of the number of employees in the company. There are no other ongoing administration fees unless a claim is made. All claims are subject to a 10% (plus applicable taxes) administration …
Tom K.
Thank you! You are aware of how tedious my experience was with my previous trust provider . This is a real change. Once again, thanks”
Patricia R.
Thanks for the consistently excellent quality of service you and your staff provide. Anyone answering the phone has always been friendly and helpful”
Charlene K.
I love how efficient the process is. It is fast and easy to use”
