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, cost to provide these benefits, anticipated cost to maintain the benefits in the future and the cost of inflation.
Effective February 1, 2017 premium rates will be adjusted as itemized in the table below. These premium changes have been reviewed and approved by the Joint Insurance Committee (JIC) of OPSEU, OCASA and College Compensation and Appointments 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 |
College |
|
|
Type of Benefit |
Current Rate |
New Rate |
Portion |
Portion |
|
AD&D |
$ .02 per $1000 |
No Change |
0% |
100% |
|
Basic Life Insurance |
$ .24 per $1000 |
$ 0.19 per $1000 |
0% |
100% |
|
Supplemental Life |
$ .11 per $1000 |
No Change |
50% |
50% |
|
Optional Life |
$ .19 per $1000 |
$ 0.15 per $1000 |
100% |
0% |
|
Dependent Life |
$ 1.21 per unit |
$ 0.97 per unit |
100% |
0% |
|
LTD – CAAT |
$ 2.19 per $100 |
No Change |
100% |
0% |
|
Extended Health (single) |
$ 82.13 |
$ 89.52 |
0% |
100% |
|
Extended Health (family) |
$187.86 |
$204.77 |
0% |
100% |
|
Vision Care (single) |
$ 9.45 |
$ 10.49 |
25% |
75% |
|
Vision Care (family) |
$ 27.77 |
$ 30.82 |
25% |
75% |
|
Hearing Care (single) |
$ .80 |
$ 0.89 |
25% |
75% |
|
Hearing Care (family) |
$ 2.38 |
$ 2.64 |
25% |
75% |
|
Dental (single) |
$ 51.19 |
No Change |
0% |
100% |
|
Dental (family) |
$143.12 |
No Change |
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 |
$ .24 per $1000 |
$ 0.19 per $1000 |
100% |
0% |
|
Supplemental Life |
$ .11 per $1000 |
No Change |
100% |
0% |
|
Optional Life |
$ .19 per $1000 |
$ 0.15 per $1000 |
100% |
0% |
|
Dependent Life |
$ 1.21 per unit |
$ 0.97 per unit |
100% |
0% |
|
Extended Health (single) |
$ 82.13 |
$ 89.52 |
0% |
100% |
|
Extended Health (family) |
$187.96 |
$204.77 |
0% |
100% |
|
Vision Care (single) |
$ 9.45 |
$ 10.49 |
100% |
0% |
|
Vision Care (family) |
$ 27.77 |
$ 30.82 |
100% |
0% |
|
Hearing Care (single) |
$ .80 |
$ 0.89 |
100% |
0% |
|
Hearing Care (family) |
$ 2.38 |
$ 2.64 |
100% |
0% |
|
Dental (single) |
$ 51.19 |
No Change |
100% |
0% |
|
Dental (family) |
$143.12 |
No Change |
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 |
$ .10 per $1000 |
$ .08 per $1000 |
0% |
100% |
|
Supplemental Life |
$ .08 per $1000 |
$ .06 per $1000 |
50% |
50% |
|
Employee Pay-All Life |
$0.037-$0.526 per $1000 |
$0.035-$0.494 per $1000 |
100% |
0% |
|
Dependent Life |
$ 1.82 per unit |
No Change |
100% |
0% |
|
LTD - CAAT |
$ 1.86 per $100 |
$ 1.95 per $100 |
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) |
$ 7.86 |
$ 8.65 |
25% |
75% |
|
Vision Care (family) |
$ 23.32 |
$ 25.65 |
25% |
75% |
|
Hearing Care (single) |
$ .66 |
No Change |
0% |
100% |
|
Hearing Care (family) |
$ 1.98 |
No Change |
0% |
100% |
|
Dental (single) |
$ 40.24 |
$ 43.06 |
0% |
100% |
|
Dental (family) |
$130.34 |
$139.46 |
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 |
$ .13 per $1000 |
$ .14 per $1000 |
0% |
100% |
|
Supplemental Life |
$ .11 per $1000 |
No Change |
40% |
60% |
|
Employee Pay-All Life |
$0.057-$0.895 Per $1000 |
No Change |
100% |
0% |
|
Dependent Life |
$ 2.95 per unit |
$ 3.10 per unit |
100% |
0% |
|
Spousal Life |
$ .24 per $1000 |
$ .22 per $1000 |
100% |
0% |
|
LTD |
$ 2.90 per $100 |
$ 3.77 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) |
$ 9.25 |
$ 11.10 |
25% |
75% |
|
Vision Care (family) |
$ 23.58 |
$ 28.30 |
25% |
75% |
|
Hearing Care (single) |
$ .60 |
$ 0.72 |
25% |
75% |
|
Hearing Care (family) |
$ 1.64 |
$ 1.97 |
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 Hannah Song on extension x4023
