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Your Costs

You and your employer share the cost of benefits, except for travel, basic life for dependents and all optional benefits. These benefits are 100% paid by you.

The following are the costs you pay monthly and are valid for the benefit year (April 1, 2024 to March 31, 2025). These premiums are subject to change based on the annual renewal process. You can also find information about the current rates in the Benefits Rate Sheet.

Costs per Month
  12-Month
Employees
 10-Month
Employees
Health Single $79.90 $87.16
  Family $186.20 $203.12
Travel Single $2.04 $2.22
  Family $4.02 $4.38
Dental Single $23.14 $25.24
Family $48.81 $53.24
Long-term disability   2.14% of your earnings 2.14% of your earnings
Basic life Flat amount $9.70 $10.58
Basic life for your dependents Flat amount $2.29 $2.50
Basic AD&D Flat amount $0.44 $0.48
Optional life Employee and spouse
(per $1,000 of coverage)
 Under Age 35: $0.056
Age 35-39: $0.066
Age 40-44: $0.113
Age 45-49: $0.192
Age 50-54: $0.326
Age 55-59: $0.553
Age 60-64: $0.889
 $0.061
$0.073
$0.124
$0.209
$0.355
$0.604
$0.969
  Dependent children
(flat amount)		 $1.18 $1.29
Optional AD&D Single
(per $1,000 of coverage)
 $0.0195 $0.0213
  Family
(per $1,000 of coverage)
 $0.0357 $0.0389
Optional Critical Illness Employee and spouse
(per $1,000 of coverage)
Male Non-Smoker:
Under Age 20: $0.051
Age 20-25: $0.061
Age 26-30: $0.092
Age 31-35: $0.132
Age 36-40: $0.214
Age 41-45: $0.306
Age 46-50: $0.458
Age 51-55: $0.764
Age 56-60: $1.344
Age 61-64: $2.149

Male Smoker:
Under Age 20: $0.061
Age 20-25: $0.071
Age 26-30: $0.112
Age 31-35: $0.204
Age 36-40: $0.346
Age 41-45: $0.611
Age 46-50: $1.069
Age 51-55: $1.956
Age 56-60: $3.412
Age 61-64: $5.266

Female Non-Smoker:
Under Age 20: $0.051
Age 20-25: $0.061
Age 26-30: $0.092
Age 31-35: $0.132
Age 36-40: $0.204
Age 41-45: $0.316
Age 46-50: $0.438
Age 51-55: $0.642
Age 56-60: $0.978
Age 61-64: $1.426

Female Smoker:
Under Age 20: $0.061
Age 20-25: $0.071
Age 26-30: $0.112
Age 31-35: $0.194
Age 36-40: $0.306
Age 41-45: $0.509
Age 46-50: $0.784
Age 51-55: $1.222
Age 56-60: $2.007
Age 61-64: $3.035
Male Non-Smoker:
Under Age 20: $0.056
Age 20-25: $0.067
Age 26-30: $0.100
Age 31-35: $0.144
Age 36-40: $0.233
Age 41-45: $0.333
Age 46-50: $0.500
Age 51-55: $0.833
Age 56-60: $1.467
Age 61-64: $2344

Male Smoker:
Under Age 20: $0.067
Age 20-25: $0.078
Age 26-30: $0.122
Age 31-35: $0.222
Age 36-40: $0.378
Age 41-45: $0.667
Age 46-50: $1.167
Age 51-55: $2.133
Age 56-60: $3.722
Age 61-64: $5.745

Female Non-Smoker:
Under Age 20: $0.056
Age 20-25: $0.067
Age 26-30: $0.100
Age 31-35: $0.144
Age 36-40: $0.222
Age 41-45: $0.344
Age 46-50: $0.478
Age 51-55: $0.700
Age 56-60: $1.067
Age 61-64: $1.556

Female Smoker:
Under Age 20: $0.067
Age 20-25: $0.078
Age 26-30: $0.122
Age 31-35: $0.211
Age 36-40: $0.333
Age 41-45: $0.556
Age 46-50: $0.856
Age 51-55: $1.333
Age 56-60: $2.189
Age 61-64: $3.311

Example: How to Calculate Your Costs

If you choose $100,000 (100 units of $1,000) of Optional AD&D insurance, your monthly cost will be calculated as follows:

Coverage Cost
Single
  • 12-month employee
  • 10-month employee
  
  • 100 x $0.0195 = $1.95 per month
  • 100 x $0.0213 = $2.13 per month
Family
  • 12-month employee
  • 10-month employee
  
  • 100 x $0.0357 = $3.57 per month
  • 100 x $0.0389 = $3.89 per month

How Rates Are Determined

The insurer determines the rates for travel, disability, life, AD&D and optional critical illness insurance.

The rates for health and dental coverage, however, are based on a number of factors, including:

  • the increasing cost of drugs,
  • the introduction of new, expensive drugs,
  • new medical technology, and
  • changes in legislation that make private plans the first payers over the provincial health plan.

But there’s another factor that has a significant impact on plan costs: your claims.

The more the plan is used, the more the plan will cost the following year. In fact, your plan essentially works like a bank account:

  1. Your premiums are deposited into the plan’s fund or account.
  2. Whenever a claim is paid, the amount is withdrawn from the account.
  3. As a result, the Trustees must ensure there is enough money in the account to cover all the claims, as well as the expenses to administer the plan.

Consumer Tips

Things You Can Do to Help Keep Plan Costs Down

Each plan member has a role to play in helping control expenses. After all, it’s your plan and your money.

Keeping costs down is easier than you might think. Here are some useful consumer tips that contribute to the well-being of the plan and your wallet.

  • When your doctor prescribes a medication, ask about less expensive therapeutic options.
  • Compare prices. Not all pharmacies charge the same amount for prescription drugs. Shop around.
  • Take your medication as directed. Ask your doctor or pharmacist the following questions:
    • Are there any side effects? If so, what do I do?
    • Will this drug have any effects on other drugs (prescription or over-the-counter drugs) that I am also taking?
    • Are there certain types of foods or drinks that I must avoid while taking this drug?
    • Are there alternatives to this drug or other solutions for my condition?
  • Talk to your pharmacist, who can offer you free professional advice.
  • Determine the right quantity of prescription drugs.
    • Consider a sample or trial prescription when you are trying a drug for the first time. That way, you will save money if you have to discontinue a drug because of an allergic reaction.
    • Ask for a larger supply if you are taking medication on an ongoing basis. As a result, you will save on the pharmacist’s dispensing fees.
  • Stay active and eat right. A healthy diet can also positively affect your overall health. Whatever form of exercise you enjoy, it will help you reduce the risk of heart disease and other serious health problems.
  • In addition to exercise, you can get involved in hobbies, do volunteer work, take classes, and more.
  • Staying active and involved in your community is also good for your mental health and overall well-being.