Accounting Finance:NexgenRx

Overview

The NexgenRx cost plus arrangement was negotiated by Bajus Financials in 2014 for our shareholder group and head office(uniPHARM). It allows each pharmacy owner to setup a Private Health Services Plan (PHSP) in their own pharmacy name. The PHSP plan essentially works like health care spending account. Each owner can select an annual limit that meets their expected claiming needs beyond the core Equitable Life plan. Each pharmacy will be billed independently by NexgenRx based on their actual paid claims and this can be done either electronically via pre-authorized debit (if setup electronically) or with a cheque attached to the claim form for plans setup on a manual paper basis. The claims admin fee we negotiated with NexgenRx was very favourable at 7.5% of paid claims. Claims can be submitted online (if setup electronically) or with a paper form.

Contacts

• NexgenRx Inc. - 145 The West Mall, PO Box 110U, Toronto, ON M9C 5L5

Helpdesk: T: 1-866-424-0257, F: 1-647-722-2934, E: memberhelp@nexgenrx.com

• Bajus Financial Partner - T: 604-628-4664 - E: mark.bajus@bfpartners.ca Mark Bajus
• Bajus Financial Partner - T: 604-628-4960 - E: jason.bean@bfpartners.ca Jason Bean
• Bajus Financial Partner - T: 604-628-4422 - E: rosella.manantan@bfpartners.ca Rosella Manantan

Setting up HCSA Account

• Direct all request to Bajus Financial Partner and they will contact the shareholder directly and make the appropriate arrangements.

Forms

• If a shareholder requires a NexgenRx form, they are available in the payroll directory: NexgenRx Forms