Is there major dental work in your future, or orthodontics? Depending on your coverage, you may not be fully covered by your group dental plan, and you’ll have to reach into your own pocket to make up the difference. If your incorporated firm has some level of basic health or dental benefits, you can “Cost Plus” items not covered under group plan in a more cost effective way, paying expenses your insurance doesn’t cover with pre-tax dollars. For example, say your are in the 50% marginal tax bracket. A $1,000 bill for orthodontics means you have to earn $2,000 before taxes. With Cost Plus through the Chambers of Commerce Group Insurance Plan, you would submit the $1,000 bill to the plan administrator along with a cheque for $1070, covering the cost of the treatment and administration charge. In turn, the plan would reimburse the $1,000 expense. Total cost to the firm, $1070 vs., $2,000 in salary without Cost Plus. Cost Plus can be effective for business owners and shareholders, and tax effective perk for key employees. You may be paying too much for products and services you could cover using Cost Plus. Call to find out how Cost Plus can benefit you!