PreTax Health Spending Account PHSP Canada

The Health Benefit Payout Corp., operating under the brand name PreTax, is a Canadian company founded in 2013 that specializes in administering Private Health Services Plans (PHSPs), commonly referred to as Health Spending Accounts (HSAs). The company's mission is to simplify employee benefits for small businesses by providing a Canada Revenue Agency (CRA) approved, tax-effective way to pay for healthcare and dental expenses. Instead of a traditional insurance plan with fixed premiums and coverage limits, PreTax facilitates a system where businesses can directly and tax-efficiently reimburse their employees for a wide range of eligible medical expenses.