In 2016 a review of dental costs found that Alberta dentists charged the highest rates in the country.  Although fees dentists can charge aren't regulated, in 2017 the government and College of Dentists got together to create a guide. Thus, the cost of visiting a dentist in Alberta in 2018 could be 8.5 per cent lower than it was in 2016.

This is great news, but dentists are still expensive, and they will never be affordable for some Canadians; this is why 32% of people go without dental coverage. For this reason, having dental insurance in Alberta is a sound financial decision.

Even if you're diligent about your teeth – brushing twice a day, flossing regularly and watching what you eat, you can still get cavities.  In fact, 96 per cent of adults have a history of cavities. It's also reported that 21 per cent of adults (with teeth) have, or have had, a moderate or a severe gum problem.

With that being said, if you own your own business and work for yourself money is probably tight, so an unexpected dental bill could financially drain you. A Health Spending Account (HSA) is an ideal option for self employed Albertans.

What is a Health Spending Account for Self Employed Albertans?

It's a tool that lets you pay for 100  per cent of your dental insurance through your small business; rather than you having to pay personally out-of-pocket for dental services. Thus, you and your business save money.

An HSA is a contract between you and your business. The HSA contract is based on guidelines set out by CRA. These guidelines allow your business to reimburse you personally for your dental expenses.  These reimbursements are 100 per cent tax deductible for your business and 100 per cent tax free for you. Thus, you get to withdraw money from your business and not pay income tax.

Group Dental Insurance in Alberta for Small Businesses

If you have a small business with employees and want to offer them group dental insurance you can find an affordable plan. Group dental policies are available through a number of insurance companies offering varying types of coverage; so you have many options. You can also add additional medical benefits such as vision and prescriptions.

With the cost of going to the dentist being so high, your employees would appreciate a benefit plan that includes dental insurance in Alberta. If you're a small business you need to keep your good staff. Saving them money and showing them how important they are to you is a great way to do this, without breaking the bank.

There are different ways you can pay the premiums as well. Your business can pay the premiums or you can get your employees to pay a portion.

If you're looking for dental insurance in Alberta we will help. At Reassured For Life, we're very knowledgeable about HSA's and group medical insurance, including dental. We have access to plans for businesses of any size, including ones with fewer than three employees. For more information about how to get this type of medical insurance or to discuss your other life insurance needs please visit our website

Reassured For Life is an Alberta insurance brokerage firm selling personal insurance, group medical and life insurance as well as providing advisor services that fit your needs, budget and lifestyle. To know more, visit Reassured.ca/blog.