PHSP & BENEFITS FOR EMPLOYEES

PUHL IS YOUR RESOURCE FOR EMPLOYEE BENEFITS & PHSP

HOW DO PHSP PLANS WORK?

The PHSP is the perfect plan for self-funding employer & employee healthcare expenses. This is a ‘pay-as-you-claim’ plan in which an employer-funded flexible benefits plan is used like a bank account to pay for 100% of all eligible medical expenses, tax-free.

The PHSP participant starts each plan year with a designated number of credits / dollars in an Employee Health Spending Account (EHSA) or Health Spending Accounts (HSA) as determined by the plan sponsor (owner / employer). Premiums are not required – this is a ‘pay-as-you-claim’ plan, so no claims mean no costs.

Throughout the year, the participants use the tax-free credits / dollars to pay for medical, dental and vision care expenses and Sub Plan premiums that are not covered through other plans.

Eligible expenses include, but are not limited to:

  • Prescription Drugs
  • Laser Eye Surgery
  • Crowns and Cosmetic Dental Work
  • Orthodontics for Adults and Children

If a participant has additional coverage from insurance or a spouse, both plans can be used to recover health and dental care expenses to a 100% maximum. Claim first from the conventional plan then the PHSP for full coverage.

Your company submits the original receipts with the only cost being  the cost of processing and applicable taxes. The business deducts the entire cost. The PHSP then issues a tax-free reimbursement to the claimant. No money is required by the PHSP until a claim is submitted.

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COORDINATE WITH OTHER PLANS

PHSP plans are ideal for individuals with other benefit plans. PHSP plans allow for a write-off of additinal fees associated with health care expenses after insurance covers the initial cost. PHSP plans and HSA coordinate with other health plans and insurance coverage.

100% REIMBURSEMENT

Employees are reimbursed for 100% of their health, dental and vision expenses (up to the plan maximum), with tax-free dollars.

FAMILY COVERAGE

A PHSP plan can cover the needs of an employees family and dependants, providing coverage for people close to the plan holder. PHSP plans offer full coverage and provide benefits for family.

PLAN FLEXIBILITY

PHSP Employee Health Spending Accounts can be used for medically necessary health, dental or vision expenses.  Employees use Health Spending Account credits on the services they need, when they need them.

PHSP ELIGIBLE EXPENSES

WHAT IS COVERED BY PHSP?

The PHSP covers any medically-necessary health, dental and vision care expenses.  This means that with the written prescription from a medical professional, your PHSP can cover:

  • Orthodontics
  • Orthopedics
  • Contact lenses
  • Laser eye surgery
  • Optometry
  • Prescription drugs
  • Dental
  • Medical transportation
  • Chiropractors
  • Massage therapists
  • Psychologists
  • Medical cosmetic work
  • Insurance premiums
  • Professional services
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EMPLOYEE PHSP FAQ'S

What is covered by PHSP?

The PHSP covers any medically-necessary health, dental and vision care expenses.  This means that with the written prescription from a medical professional, your PHSP can cover:

  • orthodontics
  • orthopedics
  • contact lenses
  • laser eye surgery
  • prescription drugs

And much more.