Summary of Insurance Coverage

Mandatory benefits

All regular and part-time employees (.50 FTE or greater) are enrolled in the following plans:

Health Insurance

  • Employee must have coverage under a provincial health (MSI) plan to qualify for benefits.
  • Benefits under the Plan include:
    1. Hospital Care in a semi-private room (100% coverage);
    2. Extended Health Benefits, including hospital private room, physiotherapists, etc. (80% coverage);
    3. Prescription Drug benefit (Rx Choices Program, for Tier I drugs the Plan pays for cost of the drug and employee paysa co-pay equivalent to the dispensing fee of the pharmacy; and for Tier II drugs the employee pays a co-pay of 40% for each eligible prescription);
  • The University pays 60% of the Plan premiums
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Group Life Insurance

  • 3X the employee’s annual salary, up to a maximum of $300,000
  • Maximum benefit reduces by $20,000 each year at age 61 to 65
  • Can be converted into a similar plan (with the insurer) without the requirement for medical history within 31 days of termination before age 65.
  • Premiums are 100% paid by the university and result in a taxable benefit for the employee
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Survivor Income Benefit

  • 25% of the employee’s monthly salary to a maximum of $1,389 payable to surviving spouse commencing the 25th month following death of employee until the earlier of the spouse reaching age 65 or remarriage
  • 5% of the employee’s monthly income to a maximum of $278 per month per child to a maximum of three dependent children until they reach age 25 (if full-time student of an accredited post secondary educational institution)
  • Premiums are paid 91% by the university and 9% by the employee
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Accidental Death & Dismemberment Insurance

  • 3X the employee’s annual salary, up to a maximum of $300,000
  • Maximum benefit reduces by $20,000 each year at age 61 to 65
  • Beneficiary designated for basic group life insurance is same beneficiary for the basic AD&D
  • Payment of claim is only if the employee’s death is due to an accident or where the accident does not result in death to the employee payment to the employee for specific losses, i.e. loss of a leg, arm, etc.
  • Premiums are 100% paid by the university and result in a taxable benefit for the employee
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Long Term Disability Insurance

  • Non-taxable benefit of 60% of the monthly gross salary of the employee to a monthly maximum of $6,000.
  • Customary pension plan employee contributions also contributed by insurer to the pension plan.
  • Employee must have been ill for an accumulated duration of 6 months (180 calendar days) within a 12-month period; 3 months (90 days) in the case of employees of Grantholders, to be eligible for the benefit.
  • Premiums are 100% paid by the employee.
  • Benefit amount is reduced by income from all sources, including CPP disability benefits.
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Excess Medical (Travel) Insurance

The University of King’s College, as a participating member of Interuniversity Services, Inc. (ISI), has formed a partnership with SSQ Financial Group to offer Excess Medical (Travel) Insurance to employees who meet the eligibility criteria.

Identification number for all ISI members is 427E.

Policy number for the University of King’s College is 1PX40.

Optional Benefits

The following coverages are available at the option of all regular full-time or part-time employees (.50 FTE or greater).

Voluntary Group Term Life Insurance

  • Additional optional group term life insurance, over and above the basic group life insurance coverage, in $10,000 increments up toa maximum of $200,000
  • Monthly premiums 100% paid by the employee and based on age, amount of coverage and whether the applicant is a smoker or non-smoker
  • Available also for spouses and dependent children (not over the age of 25)
  • Conversion of coverage into a similar plan, without the requirement for medical history is available within 31 days of termination
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Voluntary Personal Accident Insurance

  • Additional optional group accidental death & dismemberment insurance, over and above the basic accidental death & dismemberment insurance coverage, in $10,000 increments, up to a maximum of $300,000
  • Coverage can be a ‘single’ or ‘family’ plan (which covers the spouse automatically for 50% of the member’s coverage and 10% for each dependent child to a maximum of four).
  • Premiums are 100% paid by the employee
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Voluntary Dental

  • Basic services (cleaning and prophylaxis, fluoride treatments, x-rays, fillings, extracts) (100% reimbursement, no deductible);
  • Additional basic services – root canals and treatment for gum disease (90% reimbursement);
  • Major restorative treatments including the provision of crowns, bridges, full and partial dentures, retainers, (70% reimbursement to a maximum of $1000 per calendar year per person);
  • Family orthodontic services applicable to specific employee groups (available to employees and their spouses and dependent children between the ages of 6 and 18 at the time of treatment) (50% reimbursement to a maximum lifetime benefit per insured person of $3000)
  • Employee must apply within 30 days of commencement of employment or will be considered late entrant in which case the benefit will be restricted to basic treatment only to a maximum of $50 per late entrant during the first year or 12 months after the effective date of coverage
  • 50% of the costs of premiums are paid by the university and 50% by the employee
  • Employees of Grantholders are eligible to participate subject to the Grantholder’s approval.
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Critical Illness

  • Available for eligible employees who are full-time faculty and staff members, their eligible spouse and dependents
  • Coverage amount without requiring proof of insurability is $50,000 ($25,000 for dependents), when enrolment is done within 31 days of eligibility or after a life event
  • Eligible employees and their spouse may purchase coverage in units of $10,000, up to a maximum amount of $150,000. Proof of insurability is not required for amounts of $50,000 or less when enrolment is done within 31 days following eligibility or after a life event. In terms of dependents, the maximum amount of coverage is $25,000 and proof of insurability is not required. For a dependent to be deemed eligible, the employee must have enrolled as well
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Updated August 2018