IFB joins the coalition of health care providers to fight the tax on health/dental plans
Independent Financial Brokers of Canada (IFB) today joined forces with a coalition of associations in a campaign objecting to a possible federal tax on private health care plans. IFB is concerned about the negative impacts of such a tax, and joined the coalition to add its support for a more fulsome discussion.
There is widespread concern that if the premiums become taxable, many employers – especially smaller employers – will discontinue or reduce coverage, leaving thousands of Canadians without affordable means to access extended health, dental and other mental and physical care services, not covered under provincial health care plans.
Today, some 24 million Canadians are covered under private or employer sponsored benefit plans. “At a time when provincial health care systems are already strained, implementing this tax will reduce private coverage and push people back into the public health care system”, says Nancy Allan, IFB’s Executive Director.
IFB’s members are small business owners and self-employed. They are licensed to provide life and health insurance advice to individuals, groups and employers. “This change would affect our members on both a business and personal level”, added Allan. “We felt it was essential to engage our members and their clients, to ensure the federal government and elected officials understand just how negative the impacts of this change could be”.
For more about the coalition and the campaign go to: http://donttaxmyhealthbenefits.ca/