We recently had the data from the previous benefit year re-analyzed and have determined that Sun Life made an error in the premium adjustment for Extended Health Plan 3 for 2016. While it was originally determined that the monthly premium rates would increase by 27%, the monthly premium rates should have increased by only 11%. The premium adjustments for both Extended Health Plan 1 and Plan 2 were accurate and did not need to be adjusted further.
Effective January 1, 2016, the new monthly premium rates for Extended Health Plan 3 are as follows:
- Single Coverage Premiums: $70.02
- Couple Coverage Premiums: $140.07
- Family Coverage Premiums: $140.07
These new rates were implemented effective April 1, 2016.
Consequently, this meant that there was an overpayment of premiums for the months of January, February, and March. This overpayment was refunded to you by way of a reduction to your May 1st monthly benefit payment. We apologize for any inconvenience this may have caused. If you have any questions, please contact Janet Poupart at 604-822-4580 or firstname.lastname@example.org.