Group Benefit Premiums

Management and Professional Staff


Each year, the university reviews group benefit premiums for each staff group. MaPS premiums and price tags are adjusted, as required, to ensure adequate funding to maintain coverage. Many factors affect the ongoing costs of providing our group benefit coverage, including:

  • Changes in the demographics of our staff 
  • Increased utilization of services
  • Inflationary increases in health and dental costs
  • Claim reserve requirements by the insurer

Monthly premiums and cost sharing can also be found on the Benefits at a Glance documents which are updated regularly or on the Flexible Group Benefits Plan Information webpages. Health and dental benefits are provided through Alberta Blue Cross. Life Insurance and Long Term Disability benefits are insured by Manulife, and Accidental Death and Dismemberment and Critical Illness are insured by SSQ Financial Group.


January 1, 2021 Spending Accounts and Claim Deadlines

As 2021 is a re-enrolment year, your flex options are unlocked during the re-enrolment period, and you are able to change flex option choices and allocations to your spending accounts. 

Any excess flex credits remaining once you have elected your Health and Dental options can be allocated to a Health/Wellness Spending Account. Your excess credits will be deposited to your Alberta Blue Cross account on January 1, 2021. To view your credits, sign in to your Alberta Blue Cross account.

Unused spending account credits may be carried forward for one benefit year after the year in which the credits were allocated. At the end of the second benefit year, unused credits will forfeit.

Unspent credits deposited on January 1, 2019 will expire after December 31, 2020. Unspent credits remaining that were deposited on January 1, 2020 can be carried over to spending in 2021. Credits deposited on January 1, 2021 and not used by December 31, 2022 will be forfeited.

If you have credits available and wish to claim expenses incurred in 2020, you only have until March 31, 2021 to submit these claims. All claims must be submitted within the year that they are incurred, or during the 90 day run off period.

MaPS Flexible Spending Account outlines all guidelines for these accounts.


Annual Rate Adjustments - January 1, 2021

The January 1, 2021 rates will be reflected on your January 25, 2021 paycheque.

The rates shown below are monthly premiums with half of the monthly deductions taken from each pay. The example calculations show semi-monthly payroll deductions.

 

100% paid by the staff member 
Rates are stated per $1,000 of benefit

  1. Option 1

    January 1, 2020: $0.0935

    January 1, 2021: $0.1169

     

     

  2. Option 2

    January 1, 2020: $0.0935

    January 1, 2021: $0.1169

  3. Option 3

    January 1, 2020: $0.1001

    January 1, 2021: $0.1251

  4. Example

    For an employee earning $80,000, semi-monthly payroll deductions will change as follows:

    Option 1

    January 1, 2020: $3.74

    January 1, 2021: $4.68

    Option 2

    January 1, 2020: $7.48

    January 1, 2021: $9.35

    Option 3

    January 1, 2020: $12.01

    January 1, 2021: $15.01

100% paid by the staff member  
Rates are stated as a percentage of covered salary

  1. Option 1

    Regular, Fixed Term 

    January 1, 2020: 1.157% 

    January 1, 2021: 1.099%

    Limited Term 

    January 1, 2020: 0.452% 

    January 1, 2021: 0.429%

  2. Option 2

    Regular, Fixed Term 

    January 1, 2020: 1.329% 

    January 1, 2021: 1.263%

    Limited Term 

    January 1, 2020: 0.500% 

    January 1, 2021: 0.475%

  3. Option 3

    Regular, Fixed Term 

    January 1, 2020: 1.351%

    January 1, 2021: 1.283% 

    Limited Term 

    January 1, 2020: 0.517% 

    January 1, 2021: 0.491%

  4. Example

    For a regular employee earning $80,000 ($6,666.67 monthly), semi-monthly payroll deductions will change as follows:

    Option 1

    January 1, 2020: $38.57

    January 1, 2021: $36.64

    Option 2

    January 1, 2020: $44.30

    January 1, 2021: $42.10

    Option 3

    January 1, 2020: $45.04

    January 1, 2021: $42.77

100% paid by the university  
Rates are stated per $100,000 coverage

$1.40 per month (no change for 2021)


2021 Annual Flex Credits and Health and Dental Price Tags

Effective January 1, 2021 Flex Credits are:

Single employee = $2,440 Couple employee = $4,266 Family employee = $4,712.50

Note: in the Flexible Benefits Re-enrolment self-service tool, some rounding differences may appear in the health and dental calculations.

  1. Option 1

    Single: $206.28

    Couple & Family: $515.64

  2. Option 2

    Single: $452.04

    Couple & Family: $1,162.32

  3. Option 3

    Single: $857.88

    Couple & Family: $2,144.76

  4. Option 4

    Single: $1,140.84

    Couple & Family: $2,819.88

  5. Option 5

    Single: $1,470.12

    Couple & Family: $3,624.60

  1. Option 1

    Single: $430.32

    Couple: $889.44

    Family: $1,204.92

  2. Option 2

    Single: $516.36

    Couple: $1,004.16

    Family: $1,377.12

  3. Option 3

    Single: $745.92

    Couple: $1,491.84

    Family: $2,044.20

  4. Option 4

    Single: $869.76

    Couple: $1,723.92

    Family: $2,403.84

  5. Option 5

    Single: $989.88

    Couple: $1,979.52

    Family: $2,705.52


All Other Benefits

 

There are no changes to the premiums currently in effect for the following benefits:

Effective January 1, 2021:

  • Premium rates for employee and spousal Optional Life Insurance are increasing by 6%; 100% paid by the staff member