Whether you are a global corporation of one, or just getting started in the world of business, Universal Finance can help you with innovative health benefit solution to exceed your unique needs.

For incorporated professionals, Benecaid  health benefits plan offers HSA in the form of a Health and Welfare Trust (HWT). These “bank accounts” are 100% tax-deductible and can be used exclusively for financing your health-related expenses. Excess funds roll-over indefinitely and can be used for a broader range of health services — unlike traditional health insurance plans.

For sole-proprietors of unincorporated businesses, Benecaid health benefits plan offers a Private Health Services Plan (PHSP). This account is similar to that of a HWT with specific limits in terms of contributions and a 2-year forfeiture from date of deposit for making claims.

The Benecaid Health Spending Account (HSA) solution can be integrated into a wide variety of employee compensation and retention strategies — making you the employer of choice.

An HSA is the ideal solution for small to medium sized employers who are interested in a cost-effective benefits program for their employees. The employer simply sets the contribution level per employee, defines the deposit schedule, and Benecaid handles the administration.

If you already provide a traditional health benefits plan, or our Flexstyle® benefits solution, an HSA can be layered on top of it as a value—add for your employees.

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We are committed to protecting the privacy, confidentiality and security of the personal information we collect, use and disclose. Your personal information, including your medical history, will be collected, used and disclosed only for the purpose of providing you with the requested insurance services.