Benefit Plan Maxima Changes Effective January 1st, 2017

The Pension & Benefits Committee recently reviewed the maxima corresponding with retiree life, extended health, and dental benefit provisions and approved the following changes effective January 1^st, 2017:

In addition, in keeping with the 2 year lag in the dental fee guide used to calculate eligible dental expenses, the 2015 guide will be used to determine eligible expenses commencing January 1, 2017.

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) has an annual reimbursement maximum of $671, instead of $649 per year.

Out-of-Pocket Cap

Eligible paramedical and prescription drug expenses are shared between the University and employees - 80% reimbursement is provided until the out-of-pocket cap is reached and then 100% reimbursement applies up to the benefit maxima, as outlined in the following table:

*Subject to the annual maxima and dispensing fee maxima; note that expenses for out of country, ambulance, dental and private duty nursing do not apply to the out-of-pocket cap nor do any pharmacist fees charged over the prescription drug dispensing fee cap.

For more information on your University benefits please visit the Benefits section.