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, 2014, 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 |
$ .33 per $1000 |
$ .30 per $1000 |
0% |
100% |
|
Supplemental Life |
$ .15 per $1000 |
$ .14 per $1000 |
50% |
50% |
|
Optional Life |
$ .30 per $1000 |
$ .27 per $1000 |
100% |
0% |
|
Dependent Life |
$ 1.21 per unit |
No Change |
100% |
0% |
|
LTD – CAAT |
$ 1.48 per $100 |
$ 1.63 per $100 |
100% |
0% |
|
Extended Health (single) |
$ 78.97 |
No Change |
0% |
100% |
|
Extended Health (family) |
$180.63 |
No Change |
0% |
100% |
|
Vision Care (single) |
$ 7.00 |
No Change |
25% |
75% |
|
Vision Care (family) |
$ 20.57 |
No Change |
25% |
75% |
|
Hearing Care (single) |
$ .59 |
No Change |
25% |
75% |
|
Hearing Care (family) |
$ 1.76 |
No Change |
25% |
75% |
|
Dental (single) |
$ 47.15 |
$ 49.51 |
0% |
100% |
|
Dental (family) |
$131.82 |
$138.41 |
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 |
$ .33 per $1000 |
$ .30 per $1000 |
100% |
0% |
|
Supplemental Life |
$ .15 per $1000 |
$ .14 per $1000 |
100% |
0% |
|
Optional Life |
$ .30 per $1000 |
$ .27 per $1000 |
100% |
0% |
|
Dependent Life |
$ 1.21 per unit |
No Change |
100% |
0% |
|
Extended Health (single) |
$ 78.97 |
No Change |
0% |
100% |
|
Extended Health (family) |
$180.63 |
No Change |
0% |
100% |
|
Vision Care (single) |
$ 7.00 |
No Change |
100% |
0% |
|
Vision Care (family) |
$ 20.57 |
No Change |
100% |
0% |
|
Hearing Care (single) |
$ .59 |
No Change |
100% |
0% |
|
Hearing Care (family) |
$ 1.76 |
No Change |
100% |
0% |
|
Dental (single) |
$ 47.15 |
$ 49.51 |
100% |
0% |
|
Dental (family) |
$131.82 |
$138.41 |
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 |
$ .13 per $1000 |
$ .12 per $1000 |
0% |
100% |
|
Supplemental Life |
$ .11 per $1000 |
$ .10 per $1000 |
50% |
50% |
|
Employee Pay-All Life |
$0.05-$0.77 per $1000 |
$0.046-$0.658 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 |
No Change |
25% |
75% |
|
Vision Care (family) |
$ 22.64 |
No Change |
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 |
$ .17 per $1000 |
$ .15 per $1000 |
0% |
100% |
|
Supplemental Life |
$ .14 per $1000 |
$ .13 per $1000 |
40% |
60% |
|
Dependent Life |
$ 2.95 per unit |
No Change |
100% |
0% |
|
Spousal Life |
$ .30 per $1000 |
$ .27 per $1000 |
100% |
0% |
|
LTD |
$ 1.74 per $100 |
$1.45 per $100 |
25% |
75% |
|
Extended Health (single) |
$ 88.89 |
$ 84.45 |
0% |
100% |
|
Extended Health (family) |
$196.69 |
$186.86 |
0% |
100% |
|
Vision Care (single) |
$ 8.19 |
No Change |
25% |
75% |
|
Vision Care (family) |
$ 20.87 |
No Change |
25% |
75% |
|
Hearing Care (single) |
$ .53 |
No Change |
25% |
75% |
|
Hearing Care (family) |
$ 1.45 |
No Change |
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 at 416.675.6622 ext. 4023