It can be a big decision: whether or not to enrol in the Retirement and Survivor Benefits program, or choosing the plan that best fits you. When you are weighing out the costs and benefits of joining the plan, there are some things you might like to consider:
- What is your past experience with medical and dental expenses over the last couple of years?
- Try to forecast what your future medical and dental expenses may be.
- Contact your financial advisor, who may be able to assist you in making this decision in light of your total retirement years.
- Check for competitive rates and coverage with other providers of private medical and dental coverage.
- Remember that enrolling in the plan is a one-time opportunity. You must join the Retirement and Survivor Benefits (RSB) Program within 31 days of leaving employment at UBC and/or the end of coverage under UBC benefit plans if you are a surviving dependent. If you elect not to enrol in the RSB Program at the time you leave UBC or UBC benefits coverage ends as a surviving dependent or if you defer enrolment in RSB because you are covered by a spouse’s or partner’s plan, you do not have the option of joining at a later date.
To learn more about the RSB plan, please view the Benefits Comparison Chart.