Rate summary
The following is a summary of 2013 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 2013
| Benefit | Cost per month | |
|---|---|---|
| McGill Pays | You pay | |
| Supplemental Health Single Family |
$39.60 $78.02 |
$39.60 $78.02 |
| Dental Single Family |
$20.43 $45.68 |
$20.43 $45.68 |
| Short-Term Disability | 100% | $0.00 |
| Long-Term Disability | $0.00 | $0.901 per $100 of monthly earnings |
| Basic Life Insurance | 100% | $0.00 |
| Optional Life Insurance | $0.00 | see table below |
| Accident Insurance | 100% | $0.00 |
plus 9% premium sales tax for Quebec residents
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 + |
0.020 0.025 0.035 0.055 0.093 0.163 0.198 0.373 0.620 0.965 1.552 2.479 3.898 5.066 |
plus 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.