Better Benefits: The Difference Between the Canada Dental Benefit and a Private Health Services Plan (PHSP)

For many Canadians, a cost-effective method to offset dental care expenses for themselves and their families is top of mind. Dental treatments can be expensive, and families may face financial challenges when maintaining oral health without proper coverage. This article will explore two potential solutions: the Canada Dental Benefit, a Government of Canada program aimed at reducing dental costs, and a Private Health Services Plan (PHSP) such as navancorp. All aim to help you find the right solution to your health and financial needs. 

What is the Canada Dental Benefit? 

The Canada Dental Benefit provides families with an annual income of less than $90,000 with financial support for dental care expenses for individuals with dependants under 12 years old who do not have access to a private health insurance plan

To be eligible for the Benefit, the following requirements exist:

  1. The child must have received dental care between October 1, 2022, and June 30, 2023. 
  2. Any other dental program should not fully cover the child’s dental costs. 
  3. The applicant must have filed their 2021 taxes. 
  4. Additional criteria will apply. 

But what if I have a Private Health Insurance Plan? 

A child has access to private insurance if: 

  • A private insurance plan (for example, a navancorp PHSP) covers some or all the child’s dental costs. 
  • The employer of the child’s parent or guardian provides a dental insurance plan. 
  • The other parent or caregiver’s employer provides a dental insurance plan for the child.
  • The applicant or someone else declines employer-provided dental insurance that would have covered the child’s care. 

You cannot access the Canada Dental Benefit if you meet any of the above. But that doesn’t mean you still can’t win.

While the Canada Dental Benefit aims to assist families, a navancorp Private Health Services Plan, available to all corporations across Canada (excluding Quebec), offers several advantages that make it a preferred choice for many over traditional insurance. Here’s why: 

Flexibility in Coverage

navancorp’s PHSP offers more flexibility as it is not limited to specific periods of the child’s dental visits. Unlike Government Benefits, which have particular coverage windows, navancorp provides ongoing coverage year-round. 

Full Reimbursements Suited for You

With fee guides based on marital status and net income, Government Benefits are not adjusted based on your dental costs. With navancorp, we guarantee a 100% non-taxable return on eligible expenses – you receive the full benefit on your dental expenses without any deductions. 

Efficient Processing

While Government programs may face delays as claims enter a queue, navancorp’s PHSP service ensures prompt processing and reimbursement of claims. 90% of claims are processed on the same day they are received, providing peace of mind. Moreover, our direct line of communication streamlines the process, saving you time and effort. 

If you run an incorporated entity in Canada (registered outside of Quebec), a navancorp Private Health Services Plan (PHSP) offers the flexibility, simplicity, and timeliness not found in Government Benefit programs. As a trusted PHSP provider, navancorp helps protect your health, welfare, and bottom line with top-tier service. 

Contact us today to start receiving smart benefits!

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