ATTENTION FULL-TIME AND PARTIAL LOAD EMPLOYEES
Sun Life reviews the utilization of group insurance benefits at regular intervals. From time-to-time, premium rates for these benefits are adjusted either upwards or downwards to reflect the level of usage, cost to provide these benefits, anticipated cost to maintain the benefits in the future, and the cost of inflation.
Effective February 1, 2023, premium rates will be adjusted as itemized in the table below. These premium changes have been reviewed and approved by the Joint Insurance Committees (JIC) of OPSEU, OCASA and College Employer Council.
Employees may see an increase or decrease in the employee portion of the benefit premiums depending on the type of benefits they have elected.
The current employee/employer cost-sharing arrangements will continue as shown below.
ACADEMIC STAFF
|
|
$/Month
|
Employee Portion
|
College Portion
|
|
Type of Benefit
|
Current Rate
|
New Rate
|
|
|
|
AD&D
|
$ .02 per $1000
|
No change
|
0%
|
100%
|
|
Basic Life Insurance
|
$ .18 per $1000
|
$ .16 per $1000
|
0%
|
100%
|
|
Supplemental Life
|
$ .12 per $1000
|
$ .09 per $1000
|
50%
|
50%
|
|
Optional Life
|
$ .10 per $1000
|
$ .09 per $1000
|
100%
|
0%
|
|
Dependent Life
|
$ 0.77 per unit
|
$ 0.69 per unit
|
100%
|
0%
|
|
Long Term Disability (LTD)
|
$ 2.23 per $100
|
$ 2.34 per $100
|
100%
|
0%
|
|
Extended Health (single)
|
$ 107.96
|
$ 114.44
|
0%
|
100%
|
|
Extended Health (family)
|
$ 246.94
|
$ 261.76
|
0%
|
100%
|
|
Vision Care (single)
|
$ 12.45
|
$ 11.83
|
25%
|
75%
|
|
Vision Care (family)
|
$ 36.60
|
$ 34.77
|
25%
|
75%
|
|
Hearing Care (single)
|
$ 1.05
|
$ 1.00
|
25%
|
75%
|
|
Hearing Care (family)
|
$ 3.14
|
$ 2.98
|
25%
|
75%
|
|
Dental (single)
|
$ 55.28
|
$ 59.70
|
0%
|
100%
|
|
Dental (family)
|
$ 154.58
|
$ 166.95
|
0%
|
100%
|
PARTIAL LOAD STAFF
|
|
$/Month
|
Employee Portion
|
College Portion
|
|
Type of Benefit
|
Current Rate
|
New Rate
|
|
|
|
AD&D
|
$ .02 per $1000
|
No change
|
100%
|
0%
|
|
Basic Life Insurance
|
$ .18 per $1000
|
$ .16 per $1000
|
100%
|
0%
|
|
Supplemental Life
|
$ .12 per $1000
|
$ .09 per $1000
|
100%
|
0%
|
|
Optional Life
|
$ .10 per $1000
|
$ .09 per $1000
|
100%
|
0%
|
|
Dependent Life
|
$ 0.77 per unit
|
$ 0.69 per unit
|
100%
|
0%
|
|
Extended Health (single)
|
$ 107.96
|
$ 114.44
|
0%
|
100%
|
|
Extended Health (family)
|
$ 246.94
|
$ 261.76
|
100%
|
0%
|
|
Vision Care (single)
|
$ 12.45
|
$ 11.83
|
100%
|
0%
|
|
Vision Care (family)
|
$ 36.60
|
$ 34.77
|
100%
|
0%
|
|
Hearing Care (single)
|
$ 1.05
|
$ 1.00
|
100%
|
0%
|
|
Hearing Care (family)
|
$ 3.14
|
$ 2.98
|
100%
|
0%
|
|
Dental (single)
|
$ 55.28
|
$ 59.70
|
100%
|
0%
|
|
Dental (family)
|
$ 154.58
|
$ 166.95
|
100%
|
0%
|
SUPPORT STAFF
|
|
$/Month
|
Employee Portion
|
College Portion
|
|
Type of Benefit
|
Current Rate
|
New Rate
|
|
|
|
AD&D
|
$ 0.02 per $1000
|
No change
|
0%
|
100%
|
|
Basic Life Insurance
|
$ 0.13 per $1000
|
No change
|
0%
|
100%
|
|
Supplemental Life
|
$ 0.12 per $1000
|
No change
|
40%
|
60%
|
|
Employee Optional Life
|
$ 0.051-$0.808
Per $1000
|
$ 0.046-$0.727 per $1000
|
100%
|
0%
|
|
Dependent Life
|
$ 2.65 per unit
|
$ 2.75 per unit
|
100%
|
0%
|
|
Spousal Life
|
$ 0.14 per $1000
|
No change
|
100%
|
0%
|
|
Long Term Disability (LTD)
|
$ 5.14 per $100
|
No change
|
25%
|
75%
|
|
Extended Health (single)
|
$ 108.91
|
$ 115.44
|
0%
|
100%
|
|
Extended Health (family)
|
$ 241.00
|
$ 255.46
|
0%
|
100%
|
|
Catastrophic Drug Coverage (single)
|
$ 1.71
|
No change
|
100%
|
0%
|
|
Catastrophic Drug Coverage (family)
|
$ 3.80
|
No change
|
100%
|
0%
|
|
Vision Care (single)
|
$ 12.83
|
$ 12.19
|
25%
|
75%
|
|
Vision Care (family)
|
$ 32.69
|
$ 31.06
|
25%
|
75%
|
|
Hearing Care (single)
|
$ 0.84
|
$ 0.80
|
25%
|
75%
|
|
Hearing Care (family)
|
$ 2.28
|
$ 2.17
|
25%
|
75%
|
|
Dental (single)
|
$ 51.42
|
$ 53.99
|
0%
|
100%
|
|
Dental (family)
|
$ 146.64
|
$ 153.97
|
0%
|
100%
|
ADMINISTRATIVE STAFF
|
|
$/Month
|
Employee Portion
|
College Portion
|
|
Type of Benefit
|
Current Rate
|
New Rate
|
|
|
|
AD&D
|
$ 0.02 per $1000
|
No change
|
0%
|
100%
|
|
Basic life insurance
|
$ 0.09 per $1000
|
No change
|
0%
|
100%
|
|
Supplemental Life
|
$ 0.09 per $1000
|
No change
|
50%
|
50%
|
|
Employee Pay-All Life
|
$ 0.029-$0.422 per $1000
|
No change
|
100%
|
0%
|
|
Dependent Life
|
$ 1.48 per unit
|
No change
|
100%
|
0%
|
|
LTD - CAAT
|
$ 2.58 per $100
|
No change
|
33.3%
|
66.7%
|
|
Extended Health (single)
|
$ 121.25
|
No change
|
0%
|
100%
|
|
Extended Health (family)
|
$ 251.23
|
No change
|
0%
|
100%
|
|
Vision Care (single)
|
$ 11.34
|
$ 10.77
|
25%
|
75%
|
|
Vision Care (family)
|
$ 33.63
|
$ 31.95
|
25%
|
75%
|
|
Hearing Care (single)
|
$ .89
|
$ .89
|
0%
|
100%
|
|
Hearing Care (family)
|
$ 2.65
|
$ 2.65
|
0%
|
100%
|
|
Dental (single)
|
$ 44.35
|
$46.12
|
0%
|
100%
|
|
Dental (family)
|
$ 143.64
|
$149.39
|
0%
|
100%
|
Please note that the Retail Sales Tax of 8% needs to be added to the above rates.
If you have any questions on the above, please contact your Pension & Benefits Specialist.
