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Prince Edward Island Teachers'
Federation
General Overview of Group Insurance Benefits
October 1, 2007
1. Universal Insurance
$20,000 Term Life and $20,000
Accidental Death and
Dismemberment per member. Premium
paid by School Board
from E.I. rebate. The rate is
$5.90 (Section 14.01).
2. Option A1 - Member Life Insurance, Member Accidental
Death
& Dismemberment,
Dependent Life Insurance.
Coverage - Member Life Insurance -
$100,000
Member Accidental Death &
Dismemberment - $100,000
Dependent Life Insurance - $ 10,000
on Spouse
- $ 5,000 Each Dependent Child
Cost
(A) Single Only
Teacher - $ 13.85
Per Month
(Shared by
Employer) School Board - $ 13.85 Per
Month
(B) Married
Teacher - $
14.72 Per Month
(Shared by
Employer) School Board - $
14.72 Per Month
3. Option A2 - Optional Life Insurance
Coverage - In units of $5,000 up to a
maximum of 20 units
(Maximum of $100,000)
- Spouse coverage is 25% of member coverage
- By application only
Monthly Premium Per Units of
$1,000:
Age Band
Member Only Member &
Spouse
Up to 24
$ .063
$ .075
25 - 29
$ .066
$ .079
30 - 34
$ .066
$ .079
35 - 39
$ .075
$ .091
40 - 44
$ .107
$ .13
45 - 49
$ .175
$ .216
50 - 54
$ .31
$ .385
55 - 59
$ .516
$ .643
60 - 64
$ .76
$ .948
The Employer does not share in
the cost of A2
4. Option A3 - Voluntary Accidental Death And
Dismemberment
Coverage - In Units of $10,000
to a maximum of $300,000
- Spouse coverage is 50% of member coverage
- Dependent child coverage is 10% of member
coverage
- Spouse coverage with no dependent children is 60%
of
member coverage
- Dependent child coverage with no spouse is 20% of
member coverage
- Full coverage to age 65. $100,000 of coverage to age
75
- Loss of limb(s), speech and hearing, paralysis
- Repatriation Benefit
- Common Disaster Benefit
- Educational Benefit
- Seat Belt Benefit
- Hospital Indemnity Benefit
Cost
Principal Sum Member Only
Member & Family
$10,000.00
$ 0.30
$ 0.45
30,000.00
0.90
1.35
50,000.00
1.50
2.25
70,000.00
2.10
3.15
100,000.00
3.00
4.50
150,000.00
4.50
6.75
200,000.00
6.00
9.00
250,000.00
7.50
11.25
300,000.00
9.00
13.50
The Employer does not share in the cost of A3
5. Option B1 - Health Insurance
Coverage - 100%
Private room and board
- 80% of most health care expenses i.e. Home R.N.
maximum of $5,000 any 3 consecutive calendar years
- Vision care 80% for frames and lenses to a maximum
of $125. ($100 payment)
- Prescribed drugs with 80%/20% maximum $10.00,
co- pay with drug card
Cost
- (A) Teacher Only
Teacher $ 33.78
School Board $ 33.78
(B) Family
Teacher $ 93.81
School Board $ 93.81
6. Option B2 - Dental Insurance Plan
Coverage - 80% of the current
fee guide
- Maximum of $1,000 per person per calendar year
- Includes diagnostic, preventative, oral surgery,
periodontal, restorative minor, endodontics, dental
repairs
Cost - (A) Teacher
Only
(Shared by
Employer)
Teacher $ 14.54
School Board $ 14.54
(B) Married
Teacher $ 27.14
School Board $ 27.14
(C) Family
Teacher $ 32.58
School Board $ 32.58
7. Option C - Salary Continuation
Coverage - 60% salary while totally disabled; benefit is non-taxable
- Integrated with CPP and Teachers' Pension Plan
- Benefit payments commence after the greater of 30
calendar days or
accumulated sick leave
- 1% cost of living adjustment each year
Cost - 1.07% of gross salary
The Employer does not share in the cost of C
In addition to the above, the following are available on an individual
basis (non- group).
8. Option D - Automobile Insurance
By Application to Johnson Inc.
9. Option E - Home Insurance
By application to Johnson Inc.
When purchasing home and/or auto insurance please "shop"
around for the
best price.
Premiums are deducted from salary cheques.
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