Premium Rates

Sun Life Rate Changes for 2015

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 rate adjustments to the Extended Health and Dental Care plans, effective January 1, 2015. The renewal rates are based on analyzing 12 months of past experience (July 1, 2013 – June 30, 2014) while incorporating ongoing inflation.

 Dental Plan Current 2014 Monthly Rates New 2015 Monthly Rates
Effective January 1, 2015
Adjustment
Single $42.90 ➔ $44.19 + 3%
Couple $86.07 ➔ $88.65 + 3%
Family $127.60 ➔ $131.43 + 3%
Extended Plan Current 2014 Monthly Rates New 2015 Monthly Rates
Effective January 1, 2015
Adjustment
Plan 1 (LTM* $15,000)
Single $64.26 ➔ $61.05 -5%
Couple $128.54 ➔ $122.11 -5%
Family $128.54 ➔ $122.11 -5%
Plan 2 (LTM* $50,000)
Single $100.93 ➔ $100.93 0%
Couple $203.87 ➔ $203.87 0%
Family $203.87 ➔ $203.87 0%
Plan 3 (LTM* $200,000)
Single $57.32 ➔ $63.05 + 10%
Couple $114.72 ➔ $126.19 + 10%
Family $114.72 ➔ $126.19 + 10%

*LTM = Lifetime Maximum

 Medical Service Plan (MSP) Rate Changes

The Medical Services Plan (MSP) is the BC government program that covers medically required services provided by physicians and supplementary health care practitioners, laboratory services and diagnostic procedures. Recently, the Province of British Columbia has announced the rate changes for the Medical Services Plan (MSP). Effective January 1, 2015, the premiums will increase by $2.75 per month for individuals, $5.00 per month for couples, and $5.50 per month for families.

 MSP Rates Current Monthly Premiums Monthly Premiums Effective Jan 1, 2015
Individual $69.25 ➔ $72.00
Family of two $125.50 ➔ $130.50
Family of three or more $138.50 ➔ $144