Contribution rates

The following is a summary of the 2022 contribution 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.

 

Benefit

2022 2022
MCGILL PAYS YOU PAY
 

Bi-weekly

Bi-weekly

Supplemental Health
Single
Family


$23.31
$45.92


$23.31
$45.92

Dental
Single
Family


$11.86
$26.52


$11.86
$26.52

Short-Term Disability 100% $0.00
Long-Term Disability $0.00

1.134 % per $100
of monthly earnings

Basic Life Insurance 100% $0.00
Optional Life Insurance $0.00 see table below
Accidental Death and Dismemberment 100% $0.00

Age 65+ Drug Plan

Single

Family

 

$0.00

$0.00

 

$134.62

$269.24

*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.


For those who retired on or after June 1st, 2016:

Benefit McGill Pays Bi-weekly You pay Bi-weekly

Supplemental Health
Single
Family


$13.98
$27.55


$32.63
$64.29

Dental
Single
Family


$0.00


$23.72
$53.05

Basic Life Insurance 100% $0.00
Optional Life Insurance $0.00 See table below

*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.

For those who retired before June 1st, 2016:

Benefit McGill pays Bi-Weekly You pay Bi-weekly

Supplemental Health
Single
Family


$23.31
$45.92


$23.31
$45.92

Dental
Single
Family


$11.86
$26.52


$11.86
$26.52

Basic Life Insurance 100% $0.00
Optional Life Insurance $0.00 See table below

*Plus 9% sales tax for Quebec residents, and 8% for Ontario 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+

0.033
0.041
0.058
0.090
0.154
0.269
0.328
0.616
1.025
1.596
2.566
4.099
6.444
8.375

*Plus 9% premium sales tax for Quebec residents, 8% for Ontario residents.

Old Life Insurance Plan

A recent review of the plan indicates an increase in claims and a deficit in the plan. To control the deficit, additional contributions will be made from January through April 2022, after which the rate will return to the current level. As usual, the University will match these rates. The monthly contribution rates per $1,000 of coverage are as follows:

 

2021 Rate

2022

Rate From January to April

2022

Rate From May to December

Active employees $1.980 $3.307 $1.980
Retired employees $3.210 $5.361 $3.210

If you have any questions regarding these rates, please call the HR Service Centre at 514- 398-4747.

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