Premium Rates

2020 Sun Life Rates

Each year, the Sun Life Extended Health and Dental plans are reviewed with UBC’s benefits consultants to determine the appropriate premium rates to support claim costs expected for the upcoming year.

The following tables outline the required rate adjustments to the Extended Health and Dental plans, effective Jan. 1, 2020. The renewal rates are based on analyzing 12 months of past claims experience (Jul. 1, 2018 – Jun. 30, 2019) while incorporating ongoing inflation.

Dental Plan Current 2019 Monthly Rates New 2020 Monthly Rates
Effective Jan. 1, 2020
Adjustment        
Single $49.08 $47.61 – 3.00%
Couple $98.16 $95.22 – 3.00%
Family $145.80 $141.43 – 3.00%
Extended Health Plan Current 2019 Monthly Rates New 2020 Monthly Rates
Effective Jan. 1, 2020
Adjustment
Plan 1 (LTM* $15,000)
Single $51.16 $44.00 – 14.00%
Couple $102.32 $88.00 – 14.00%
Family $102.32 $88.00 – 14.00%
Plan 2 (LTM* $50,000)
Single $103.94 $103.94 No change
Couple $207.88 $207.88 No change
Family $207.88 $207.88 No change
Plan 3 (LTM* $200,000)
Single $65.66 $70.26 + 7.00%
Couple $131.32 $140.52 + 7.00%
Family $131.32 $140.52 + 7.00%

* LTM – Lifetime Maximum

2019 Sun Life Rates

2019 Sun Life Rates

Each year, the Sun Life Extended Health and Dental Care plans are reviewed with UBC’s Benefits Consultants to determine the appropriate premium rates to support claim costs expected for the upcoming year.

The following tables outline the required adjustments to the Extended Health and Dental Care plan premium rates, effective Jan. 1, 2019. The renewal rates are based on analyzing 12 months of past claims experience (Jul. 1, 2017 – Jun. 30, 2018) while incorporating ongoing inflation.

Dental Plan Current 2018 Monthly Rates New 2019 Monthly Rates
Effective Jan. 1, 2019
Adjustment
Single $45.81 $49.08 + 7.14%
Couple $91.91 $98.16 + 6.80%
Family $136.26 $145.80 + 7.00%
Extended Health Plan Current 2018 Monthly Rates New 2019 Monthly Rates
Effective Jan. 1, 2019
Adjustment
Plan 1 (LTM* $15,000)
Single $60.19 $51.16 – 15.00%
Couple $120.40 $102.32 – 15.02%
Family $120.40 $102.32 – 15.02%
Plan 2 (LTM* $50,000)
Single  $92.48 $103.94 + 12.39%
Couple $186.81 $207.88 + 11.28%
Family $186.81 $207.88 + 11.28%
Plan 3 (LTM* $200,000)
Single $63.75 $65.66 + 3.00%
Couple $127.53 $131.32 + 2.97%
Family $127.53 $131.32 + 2.97%

* LTM – Lifetime Maximum

Medical Services Plan Updates

The Medical Services Plan (MSP) is the provincial government program that covers medically-required services provided by physicians and supplementary healthcare practitioners, laboratory services and diagnostic procedures.

Please note the following MSP updates:

  • Effective Jan. 1, 2019, there will be no MSP premium rate changes. (Note: No MSP premiums are charged for dependent children. To be considered as a dependent child, they must be under the age of 19, or between the ages of 19-25 attending school full time.)
  • Beginning Jan. 1, 2019, employers such as UBC will pay an Employer’s Health Tax (EHT) to allow for full elimination of MSP premiums. BC Residents will still be required to pay MSP premiums for the 2019 calendar year.
  • Beginning Jan. 1, 2020, all BC residents will no longer be required to pay monthly MSP premiums. Employers will continue to pay the Employer’s Health Tax (EHT).
MSP Rates Monthly Premiums Effective Jan. 1, 2019
One Adult $37.50
Two Adults $75.00

 

MSP Premium Update for 2019 and 2020

In the Feb. 2018 BC Budget announcement, the Finance Minister announced the following changes to Medical Services Plan (MSP) premiums:

  • Beginning Jan. 1, 2019, employers such as UBC will pay an Employer’s Health Tax (EHT) to allow for the full elimination of MSP premiums. BC residents will still be required to pay MSP premiums for the 2019 calendar year.
  • Beginning Jan. 1, 2020, all BC residents will no longer be required to pay monthly MSP premiums. Employers will continue to pay the EHT.

More info about these changes will be provided prior to their implementation dates.

2018 Sun Life Rates

2018 Sun Life Rates

Each year, the Sun Life Extended Health and Dental Care plans are reviewed with UBC’s Benefits Consultants to determine the appropriate premium rates to support claim costs expected for the upcoming year. Based on the review, it has been determined that there will be no change to the Extended Health and Dental Care plan premium rates for the 2018 calendar year.

The following tables outline no change to the Extended Health and Dental Care plan premium rates, effective January 1, 2018. The renewal rates are based on analyzing 12 months of past claims experience (July 1, 2016 – June 30, 2017) while incorporating ongoing inflation.

Dental Plan Current 2017 Monthly Rates New 2018 Monthly Rates
Effective Jan. 1, 2018
Adjustment
Single $45.81 $45.81 + 0%
Couple $91.91 $91.91 + 0%
Family $136.26 $136.26 + 0%
Extended Health Plan Current 2017 Monthly Rates New 2018 Monthly Rates
Effective Jan. 1, 2018
Adjustment
Plan 1 (LTM* $15,000)
Single $60.19 $60.19 + 0%
Couple $120.40 $120.40 + 0%
Family $120.40 $120.40 + 0%
Plan 2 (LTM* $50,000)
Single  $92.48 $92.48 + 0%
Couple $186.81 $186.81 + 0%
Family $186.81 $186.81 + 0%
Plan 3 (LTM* $200,000)
Single $63.75 $63.75 + 0%
Couple $127.53 $127.53 + 0%
Family $127.53 $127.53 + 0%

* LTM – Lifetime Maximum

Medical Services Plan Rate Changes

The Medical Services Plan (MSP) is the BC provincial government program that covers medically required services provided by physicians and supplementary health care practitioners, laboratory services and diagnostic procedures. In the fall, the BC Ministry of Health announced an updated calculation of MSP rates.

Effective January 1, 2018, current rates for MSP premiums will be reduced by 50% for all residents of British Columbia. There is no need to apply for this reduction as premium amounts will be automatically adjusted. The new MSP premium rate for one adult (with or without children) will be $37.50 per month and the premium rate for two adults (with or without children) will be $75.00 per
month.

Reminder: There are no MSP premiums charged for dependent children (under the age of 19 or between the ages of 19-25 if they are considered a full-time student).

 MSP Rates 2017 Monthly Premiums Monthly Premiums
Effective Jan. 1, 2018
One Adult $75.00 $37.50
Two Adults $150.00 $75.00