PREMIUM RATE CHANGES FOR GROUP INSURANCE BENEFITS
Effective February 1, 2015 premium rates will be impacted as follows and your contributions and/or taxable benefits will be affected. These premium changes have been reviewed and approved by the Joint Insurance Committee (JIC) of OPSEU, OCASA and College Compensation and Appointments Council.
|
|
$/Month
|
Employee
|
College
|
|
|
Type of Benefit
|
Current Rate
|
New Rate
|
Portion
|
Portion
|
|
AD&D
|
$ .02 per $1000
|
No Change
|
0%
|
100%
|
|
Basic Life Insurance
|
$ .30 per $1000
|
$ .24 per $1000
|
0%
|
100%
|
|
Supplemental Life
|
$ .14 per $1000
|
$ .11 per $1000
|
50%
|
50%
|
|
Optional Life
|
$ .27 per $1000
|
$ .19 per $1000
|
100%
|
0%
|
|
Dependent Life
|
$ 1.21 per unit
|
No Change
|
100%
|
0%
|
|
LTD – CAAT
|
$ 1.63 per $100
|
$ 1.99 per $100
|
100%
|
0%
|
|
Extended Health (single)
|
$ 78.97
|
$ 82.13
|
0%
|
100%
|
|
Extended Health (family)
|
$180.63
|
$187.86
|
0%
|
100%
|
|
Vision Care (single)
|
$ 7.00
|
$ 9.45
|
25%
|
75%
|
|
Vision Care (family)
|
$ 20.57
|
$ 27.77
|
25%
|
75%
|
|
Hearing Care (single)
|
$ .59
|
$ .80
|
25%
|
75%
|
|
Hearing Care (family)
|
$ 1.76
|
$ 2.38
|
25%
|
75%
|
|
Dental (single)
|
$ 49.51
|
$ 51.19
|
0%
|
100%
|
|
Dental (family)
|
$138.41
|
$143.12
|
0%
|
100%
|
|
|
$/Month
|
Employee
Portion
|
College
Portion
|
|
|
Type of Benefit
|
Current Rate
|
New Rate
|
||
|
AD&D
|
$ .02 per $1000
|
No Change
|
100%
|
0%
|
|
Basic Life Insurance
|
$ .30 per $1000
|
$ .24 per $1000
|
100%
|
0%
|
|
Supplemental Life
|
$ .14 per $1000
|
$ .11 per $1000
|
100%
|
0%
|
|
Optional Life
|
$ .27 per $1000
|
$ .19 per $1000
|
100%
|
0%
|
|
Dependent Life
|
$ 1.21 per unit
|
No Change
|
100%
|
0%
|
|
Extended Health (single)
|
$ 78.97
|
$ 82.13
|
0%
|
100%
|
|
Extended Health (family)
|
$180.63
|
$187.86
|
0%
|
100%
|
|
Vision Care (single)
|
$ 7.00
|
$ 9.45
|
100%
|
0%
|
|
Vision Care (family)
|
$ 20.57
|
$ 27.77
|
100%
|
0%
|
|
Hearing Care (single)
|
$ .59
|
$ .80
|
100%
|
0%
|
|
Hearing Care (family)
|
$ 1.76
|
$ 2.38
|
100%
|
0%
|
|
Dental (single)
|
$ 49.51
|
$ 51.19
|
100%
|
0%
|
|
Dental (family)
|
$138.41
|
$143.12
|
100%
|
0%
|
|
|
$/Month
|
Employee
Portion
|
College
Portion
|
|
|
Type of Benefit
|
Current Rate
|
New Rate
|
||
|
AD&D
|
$ .02 per $1000
|
No Change
|
0%
|
100%
|
|
Basic life insurance
|
$ .12 per $1000
|
$ .10 per $1000
|
0%
|
100%
|
|
Supplemental Life
|
$ .10 per $1000
|
$ .08 per $1000
|
50%
|
50%
|
|
Employee Pay-All Life
|
$0.046-$0.658
per $1000
|
$0.037-$0.526
Per $1000
|
100%
|
0%
|
|
Dependent Life
|
$ 1.82 per unit
|
No Change
|
100%
|
0%
|
|
LTD - CAAT
|
$ 1.86 per $100
|
No Change
|
33.3%
|
66.7%
|
|
Extended Health (single)
|
$ 86.75
|
No Change
|
0%
|
100%
|
|
Extended Health (family)
|
$179.75
|
No Change
|
0%
|
100%
|
|
Vision Care (single)
|
$ 7.63
|
$ 7.86
|
25%
|
75%
|
|
Vision Care (family)
|
$ 22.64
|
$ 23.32
|
25%
|
75%
|
|
Hearing Care (single)
|
$ .66
|
No Change
|
0%
|
100%
|
|
Hearing Care (family)
|
$ 1.98
|
No Change
|
0%
|
100%
|
|
Dental (single)
|
$ 39.07
|
No Change
|
0%
|
100%
|
|
Dental (family)
|
$126.54
|
No Change
|
0%
|
100%
|
|
|
$/Month
|
Employee
Portion
|
College
Portion
|
|
|
Type of Benefit
|
Current Rate
|
New Rate
|
||
|
AD&D
|
$ .02 per $1000
|
No Change
|
0%
|
100%
|
|
Basic Life Insurance
|
$ .15 per $1000
|
$ .13 per $1000
|
0%
|
100%
|
|
Supplemental Life
|
$ .13 per $1000
|
$ .11 per $1000
|
40%
|
60%
|
|
Employee Pay-All Life
|
N/A
|
$0.057-$0.895
Per $1000
|
100%
|
0%
|
|
Dependent Life
|
$ 2.95 per unit
|
No Change
|
100%
|
0%
|
|
Spousal Life
|
$ .27 per $1000
|
$ .24 per $1000
|
100%
|
0%
|
|
LTD
|
$ 1.45 per $100
|
$1.81 per $100
|
25%
|
75%
|
|
Extended Health (single)
|
$ 84.45
|
No Change
|
0%
|
100%
|
|
Extended Health (family)
|
$186.86
|
No Change
|
0%
|
100%
|
|
Vision Care (single)
|
$ 8.19
|
$ 9.25
|
25%
|
75%
|
|
Vision Care (family)
|
$ 20.87
|
$ 23.58
|
25%
|
75%
|
|
Hearing Care (single)
|
$ .53
|
$ .60
|
25%
|
75%
|
|
Hearing Care (family)
|
$ 1.45
|
$ 1.64
|
25%
|
75%
|
|
Dental (single)
|
$ 43.34
|
No Change
|
0%
|
100%
|
|
Dental (family)
|
$123.59
|
No Change
|
0%
|
100%
|







