The Pension & Benefits Committee has reviewed the maxima corresponding with retiree life, extended health, and dental benefit provisions and approved the following changes effective January 1st, 2020:
|
Benefit |
Provision |
Previous maxima |
New maxima |
|---|---|---|---|
|
Extended Health |
Paramedical/hearing aids |
$704 |
$717 |
|
Private duty nursing |
$21,344 per year |
$21,739 per year | |
|
Out-of-pocket cap |
$127 single / $256 family |
$129 single / $259 family | |
|
Dental |
Basic services |
$2,234 |
$2,328 |
|
Major services |
$3,367 |
$3,508 | |
|
Orthodontia |
$3,367 |
$3,508 | |
|
Retiree Life Insurance |
For eligible employees who retire on or after January 1, 2020 |
$5,600 |
$5,700 |
What does this mean?
The amount available for reimbursement has increased to the new maxima as outlined above. For example, the coverage for paramedical practitioners (e.g. physiotherapy, massage therapy) now has an annual reimbursement maximum of $717, instead of $704 per year.
Please refer to the Employee Benefits Program (PDF) booklet for more comprehensive details about the pension and benefits arrangements
Other Benefit Updates…
Great-West Life has changed their name to Canada Life
On
January
1,
2020,
Great-West
Life,
London
Life
and
Canada
Life
came
together
as
The
Canada
Life
Assurance
Company
(Canada
Life).
This
means
you’ll
begin
see
the
Canada
Life
name.
However,
as
this
transition
is
still
underway
you
will
still
see
references
to
Great-West
Life.
Please
note:
there
is
no
change
to
your
benefit
cards
at
this
time.
OHIP ends Out of Country Travelers program
The
Ontario
government
announced
that
as
of
January
1,
2020,
the
Ontario
Health
Insurance
Plan
(OHIP)
will
no
longer
cover
emergency
expenses
that
are
incurred
while
traveling
outside
of
Canada.
As
a
plan
member
you
do
not
need
to
acquire
additional
insurance
while
travelling
as
the
delisted
OHIP
coverage
will
be
picked
up
by
the
University’s
extended
health
benefit.