Benefit Premium Changes

January 26, 2015
ATTENTION FULL-TIME AND PARTIAL LOAD EMPLOYEES
PREMIUM RATE CHANGES FOR GROUP INSURANCE BENEFITS
 
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 and cost to provide these 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.
 
ACADEMIC STAFF
 
$/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%
 
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
$    .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%
                                                                                                                                                                                                                                                                      
ADMINISTRATIVE 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
$    .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%
 
SUPPORT 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
$    .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%
 
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 Joanne Baker on extension 4023