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Can a Sole Proprietor use the CoreHealth+ plan?

The CoreHEALTH+ plan is a unique blend of benefits that all types of company arrangements can use. For Sole Proprietors, the CoreHealth+ plan becomes viable since there is a contract of insurance (specifically the Emergency Medical Travel and Excess Medical) combined with a Health Spending Account. A Health Spending Account on it's own cannot be used by a Sole Proprietor (CRA rules).

According to the CRA, a Sole Proprietor is an unincorporated business that is owned by one person. Further, your business is an activity that you intend to carry on for profit and there must be evidence to support that intention. If this definition fits what you do, then CoreHealth+ will work for you.

National HealthClaim encourages all Sole Proprietors to seek professional accounting advise for the proper setup and operation of the CoreHealth+ program.