Rate summary
The following is a summary of 2012 monthly rates for coverage under the McGill Benefit Program. Amounts paid by you are deducted directly from your after-tax pay. You may claim these amounts as a tax deduction when you file your annual income tax return. Rates are subject to change.
Contribution Rates 2012
| Benefit | Cost per month 2012 | |
|---|---|---|
| McGill pays | You pay | |
|
Supplemental Health Single Family |
$36.74 $72.37 |
$36.74 $72.37 |
|
Dental Single Family |
$21.92 $49.00 |
$21.92 $49.00 |
| Short-Term Disability | 100% | $0.00 |
| Long-Term Disability | $0.00 | $0.967 per $100 of monthly earnings |
| Basic Life Insurance | 100% | $0.00 |
| Optional Life Insurance | $0.00 | see table below |
| Accident Insurance | 100% | $0.00 |
Optional Life Insurance Rates
Monthly cost per $1,000 of insurance:
| Age group | Rates ($) |
|---|---|
|
20-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95 + |
0.027 0.035 0.049 0.077 0.131 0.228 0.278 0.523 0.869 1.355 2.178 3.479 5.471 7.110 |
There is a 9% premium sales tax for Québec residents.
If you have any questions regarding these rates, please call the HR Service Centre at 514- 398-4747.
Next: Life events
