Public Service Management Insurance Plan (PSMIP) Premium Rates
2022 Apr
Monthly PSMIP Premium Rates effective April 1, 2022
A 12 month premium holiday is in effect for the following benefits:
- Main Plan - Basic Life
- Main Plan - Supplementary Life
- Executive Plan - Basic Life
- Members of Parliament Plan – Basic Life
- Judges Plan - Basic Life
- Main Plan - AD&D
- Main Plan - Dependant Coverages
- Executive Plan - AD&D
- Executive Plan - Dependant Coverages
- Members of Parliament Plan - AD&D
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-75 | $0.00 | $0.00 |
| 76-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-75 | $0.00 | $0.00 |
| 76-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Dependants’
- Children Only: $0.0 (Premium Rate Holiday)
- Spouse and Children or Spouse only (Premium Rate Holiday)
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.00 | $0.00 |
| 26-30 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Accidental Death & Dismemberment (AD&D)
Rates are $0.00 per $25,000 unit (maximum 10 units)
(Premium Rate Holiday)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 units of insured salary
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 (Premium Rate Holiday) |
per $1,000 of insurance |
| AD&DFootnote 1 | $0.00 (Premium Rate Holiday) |
for $250,000 of insurance |
| Dependants' | $0.00 (Premium Rate Holiday) |
regardless of family status |
| Post-Retirement Life | $1.45 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 (Premium Rate Holiday) |
per $1,000 of insurance |
| AD&DFootnote 1 | $0.00 (Premium Rate Holiday) |
for $250,000 of insurance |
| Dependants' | $0.92 | regardless of family status |
| Post-Retirement Life | $2.40 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life Rates effective January 1, 2022 | $0.00 (Premium Rate Holiday) |
per $1,000 of insurance |
| AD&DFootnote 1 | $2.50 | for $250,000 of insurance |
| Dependants' | $2.25 | regardless of family status |
| Post-Retirement Life | $3.40 | per $1,000 of insurance |
2021 Apr
Monthly PSMIP Premium Rates effective April 1, 2021
A 12 month premium holiday is in effect for the following benefits:
- Main Plan - Basic Life
- Main Plan - Dependant Coverages
- Main Plan - Accidental Death & Dismemberment
- Executive Plan - Dependants
- Members of Parliament - Basic Life
- Members of Parliament - Accidental Death & Dismemberment
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.0 | $0.0 |
| 31-35 | $0.0 | $0.0 |
| 36-40 | $0.0 | $0.0 |
| 41-45 | $0.0 | $0.0 |
| 46-50 | $0.0 | $0.0 |
| 51-55 | $0.0 | $0.0 |
| 56-60 | $0.0 | $0.0 |
| 61-65 | $0.0 | $0.0 |
| 66-70 | $0.0 | $0.0 |
| 71-75 | $0.0 | $0.0 |
| 76-80 | $0.0 | $0.0 |
| 81 and over | $0.0 | $0.0 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.02 | $0.01 |
| 31-35 | $0.02 | $0.02 |
| 36-40 | $0.03 | $0.02 |
| 41-45 | $0.05 | $0.04 |
| 46-50 | $0.08 | $0.06 |
| 51-55 | $0.14 | $0.10 |
| 56-60 | $0.21 | $0.16 |
| 61-65 | $0.43 | $0.30 |
| 66-70 | $0.48 | $0.37 |
| 71-75 | $0.24 | $0.19 |
| 76-80 | $0.14 | $0.12 |
| 81 and over | $0.22 | $0.18 |
Dependants’
- Children Only: $0.0 (Premium Rate Holiday)
- Spouse & Children/Spouse only (Premium Rate Holiday)
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.0 | $0.0 |
| 26-30 | $0.0 | $0.0 |
| 31-35 | $0.0 | $0.0 |
| 36-40 | $0.0 | $0.0 |
| 41-45 | $0.0 | $0.0 |
| 46-50 | $0.0 | $0.0 |
| 51-55 | $0.0 | $0.0 |
| 56-60 | $0.0 | $0.0 |
| 61-65 | $0.0 | $0.0 |
| 66-70 | $0.0 | $0.0 |
| 71-80 | $0.0 | $0.0 |
| 81 and over | $0.0 | $0.0 |
Accidental Death & Dismemberment (AD&D)
Rates are $0.00 /$25,000 unit (maximum 10 units) (Premium Rate Holiday)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 units of insured salary
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.126 | per $1,000 of insurance |
| AD&DFootnote * | $1.75 | for $250,000 of insurance |
| Dependants' | $0.00 (Premium Rate Holiday) |
regardless of family status |
| Post-Retirement Life | $1.45 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 (Premium Rate Holiday) |
per $1,000 of insurance |
| AD&DFootnote * | $0.00 (Premium Rate Holiday) |
for $250,000 of insurance |
| Dependants' | $0.92 | Regardless of family status |
| Post-Retirement Life | $2.40 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life Rates effective January 1, 2021 | $0.334 | per $1,000 of insurance |
| AD&DFootnote * | $2.50 | for $250,000 of insurance |
| Dependants' | $2.25 | Regardless of family status |
| Post-Retirement Life | $3.40 | per $1,000 of insurance |
2020
Monthly PSMIP Premium Rates effective February 1, 2020
The premium rates for the following benefits decreased:
- Executive Basic Life
- Executive Post-Retirement Life
- Members of Parliament Post-Retirement Life
- Judges Post-Retirement Life
An 11 month premium rate holiday is in effect for the following benefits:
- Main Plan - Accidental Death & Dismemberment
- Members of Parliament - Accidental Death & Dismemberment
- Judge’s Basic Life
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.03 | $0.02 |
| 31-35 | $0.03 | $0.03 |
| 36-40 | $0.05 | $0.03 |
| 41-45 | $0.08 | $0.05 |
| 46-50 | $0.14 | $0.10 |
| 51-55 | $0.22 | $0.16 |
| 56-60 | $0.35 | $0.25 |
| 61-65 | $0.58 | $0.40 |
| 66-70 | $0.67 | $0.50 |
| 71-75 | $0.31 | $0.25 |
| 76-80 | $0.22 | $0.18 |
| 81 and over | $0.33 | $0.27 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.02 | $0.01 |
| 31-35 | $0.02 | $0.02 |
| 36-40 | $0.03 | $0.02 |
| 41-45 | $0.05 | $0.04 |
| 46-50 | $0.08 | $0.06 |
| 51-55 | $0.14 | $0.10 |
| 56-60 | $0.21 | $0.16 |
| 61-65 | $0.43 | $0.30 |
| 66-70 | $0.48 | $0.37 |
| 71-75 | $0.24 | $0.19 |
| 76-80 | $0.14 | $0.12 |
| 81 and over | $0.22 | $0.18 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.35 | $0.35 |
| 26-30 | $0.43 | $0.50 |
| 31-35 | $0.56 | $0.63 |
| 36-40 | $0.71 | $0.78 |
| 41-45 | $0.78 | $0.91 |
| 46-50 | $0.91 | $1.06 |
| 51-55 | $1.06 | $1.41 |
| 56-60 | $1.41 | $2.12 |
| 61-65 | $2.12 | $3.24 |
| 66-70 | $1.06 | $1.62 |
| 71-80 | $1.62 | $2.53 |
| 81 and over | $2.40 | $3.75 |
Accidental Death & Dismemberment (AD&D)
premium holiday (11 months)
Long-Term Disability (LTD)
$1.40 per $1,000 units of insured salary.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.126 | per $1,000 of insurance |
| AD&D | $1.75 | for $250,000 of insurance |
| Dependants' | $1.21 | regardless of family status |
| Post-Retirement Life | $1.45 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.385 | per $1,000 of insurance |
| AD&D | $0.00 11 month premium holiday |
for $250,000 of insurance |
| Dependants' | $0.92 | regardless of family status |
| Post-Retirement Life | $2.40 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 11 month premium holiday |
per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $2.25 | Regardless of family status |
| Post-Retirement Life | $3.40 | per $1,000 of insurance |
2019-Jul
Monthly PSMIP Premium Rates effective July 1, 2019
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.03 | $0.02 |
| 31-35 | $0.03 | $0.03 |
| 36-40 | $0.05 | $0.03 |
| 41-45 | $0.08 | $0.05 |
| 46-50 | $0.14 | $0.10 |
| 51-55 | $0.22 | $0.16 |
| 56-60 | $0.35 | $0.25 |
| 61-65 | $0.58 | $0.40 |
| 66-70 | $0.67 | $0.50 |
| 71-75 | $0.31 | $0.25 |
| 76-80 | $0.22 | $0.18 |
| 81 and over | $0.33 | $0.27 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.02 | $0.01 |
| 31-35 | $0.02 | $0.02 |
| 36-40 | $0.03 | $0.02 |
| 41-45 | $0.05 | $0.04 |
| 46-50 | $0.08 | $0.06 |
| 51-55 | $0.14 | $0.10 |
| 56-60 | $0.21 | $0.16 |
| 61-65 | $0.43 | $0.30 |
| 66-70 | $0.48 | $0.37 |
| 71-75 | $0.24 | $0.19 |
| 76-80 | $0.14 | $0.12 |
| 81 and over | $0.22 | $0.18 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.35 | $0.35 |
| 26-30 | $0.43 | $0.50 |
| 31-35 | $0.56 | $0.63 |
| 36-40 | $0.71 | $0.78 |
| 41-45 | $0.78 | $0.91 |
| 46-50 | $0.91 | $1.06 |
| 51-55 | $1.06 | $1.41 |
| 56-60 | $1.41 | $2.12 |
| 61-65 | $2.12 | $3.24 |
| 66-70 | $1.06 | $1.62 |
| 71-80 | $1.62 | $2.53 |
| 81 and over | $2.40 | $3.75 |
Accidental Death & Dismemberment (AD&D)
Rates are $0.225 /$25,000 unit (maximum 10 units)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 of insured salary.
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| AD&D | $1.75 | for $250,000 of insurance |
| Dependants' | $1.21 | regardless of family status |
| Post-Retirement Life | $1.65 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| AD&D | $0.00 | for $250,000 of insurance |
| Dependants' | $0.92 | regardless of family status |
| Post-Retirement Life | $2.60 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $2.25 | regardless of family status |
| Post-Retirement Life | $3.50 | per $1,000 of insurance |
2019
Monthly PSMIP Premium Rates effective
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.03 | $0.02 |
| 31-35 | $0.03 | $0.03 |
| 36-40 | $0.05 | $0.03 |
| 41-45 | $0.08 | $0.05 |
| 46-50 | $0.14 | $0.10 |
| 51-55 | $0.22 | $0.16 |
| 56-60 | $0.35 | $0.25 |
| 61-65 | $0.58 | $0.40 |
| 66-70 | $0.67 | $0.50 |
| 71-75 | $0.31 | $0.25 |
| 76-80 | $0.22 | $0.18 |
| 81 and over | $0.33 | $0.27 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.02 | $0.01 |
| 31-35 | $0.02 | $0.02 |
| 36-40 | $0.03 | $0.02 |
| 41-45 | $0.05 | $0.04 |
| 46-50 | $0.08 | $0.06 |
| 51-55 | $0.14 | $0.10 |
| 56-60 | $0.21 | $0.16 |
| 61-65 | $0.43 | $0.30 |
| 66-70 | $0.48 | $0.37 |
| 71-75 | $0.24 | $0.19 |
| 76-80 | $0.14 | $0.12 |
| 81 and over | $0.22 | $0.18 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.35 | $0.35 |
| 26-30 | $0.43 | $0.50 |
| 31-35 | $0.56 | $0.63 |
| 36-40 | $0.71 | $0.78 |
| 41-45 | $0.78 | $0.91 |
| 46-50 | $0.91 | $1.06 |
| 51-55 | $1.06 | $1.41 |
| 56-60 | $1.41 | $2.12 |
| 61-65 | $2.12 | $3.24 |
| 66-70 | $1.06 | $1.62 |
| 71-80 | $1.62 | $2.53 |
| 81 and over | $2.40 | $3.75 |
Accidental Death & Dismemberment (AD&D)
Rates are $0.225 /$25,000 unit (maximum 10 units)
Long-Term Disability (LTD) (cost-shared coverage)
$0.00 per $1,000 of insured salary.
The Employer pays 85% of the premium ($0.00) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| AD&D | $1.75 | for $250,000 of insurance |
| Dependants’ | $1.21 | regardless of family status |
| Post-Retirement Life | $1.65 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| AD&D | $0.00 | for $250,000 of insurance |
| Dependants’ | $0.92 | regardless of family status |
| Post-Retirement Life | $2.60 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants’ | $2.25 | regardless of family status |
| Post-Retirement Life | $3.50 | per $1,000 of insurance |
2018
Monthly PSMIP premium rates effective
Main plan (employee-paid coverage)
| Age group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | $0.00 |
| 31 to 35 | $0.00 | $0.00 |
| 36 to 40 | $0.00 | $0.00 |
| 41 to 45 | $0.00 | $0.00 |
| 46 to 50 | $0.00 | $0.00 |
| 51 to 55 | $0.00 | $0.00 |
| 56 to 60 | $0.00 | $0.00 |
| 61 to 65 | $0.00 | $0.00 |
| 66 to 70 | $0.00 | $0.00 |
| 71 to 75 | $0.00 | $0.00 |
| 76 to 80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
| Age group | Male | Female |
|---|---|---|
| Under 31 | $0.02 | $0.01 |
| 31 to 35 | $0.02 | $0.02 |
| 36 to 40 | $0.03 | $0.02 |
| 41 to 45 | $0.05 | $0.04 |
| 46 to 50 | $0.08 | $0.06 |
| 51 to 55 | $0.14 | $0.10 |
| 56 to 60 | $0.21 | $0.16 |
| 61 to 65 | $0.43 | $0.30 |
| 66 to 70 | $0.48 | $0.37 |
| 71 to 75 | $0.24 | $0.19 |
| 76 to 80 | $0.14 | $0.12 |
| 81 and over | $0.22 | $0.18 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.00 | $0.00 |
| 26 to 30 | $0.00 | $0.00 |
| 31 to 35 | $0.00 | $0.00 |
| 36 to 40 | $0.00 | $0.00 |
| 41 to 45 | $0.00 | $0.00 |
| 46 to 50 | $0.00 | $0.00 |
| 51 to 55 | $0.00 | $0.00 |
| 56 to 60 | $0.00 | $0.00 |
| 61 to 65 | $0.00 | $0.00 |
| 66 to 70 | $0.00 | $0.00 |
| 71 to 80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Accidental death and dismemberment (AD&D)
$0.00 per $25,000 unit (maximum 10 units) (premium holiday)
Long-term disability (LTD) (cost-shared coverage)
$1.40 per $1,000 of insured salary
The employer pays 85% of the premium ($1.19) for excluded employees and 100% of the premium for executives and equivalents.
| Line of insurance | Premium amount | Coverage |
|---|---|---|
| Basic life | $0.158 | per $1,000 of insurance |
| AD&D | $0.00 | for $250,000 of insurance |
| Dependants | $0.00 | regardless of family status |
| Post-retirement life | $1.65 | per $1,000 of insurance |
| Line of insurance | Premium amount | Coverage |
|---|---|---|
| Basic life | $0.385 | per $1,000 of insurance |
| AD&D | $0.00 | for $250,000 of insurance |
| Dependants | $0.92 | regardless of family status |
| Post-retirement life | $2.60 | per $1,000 of insurance |
| Line of insurance | Premium amount | Coverage |
|---|---|---|
| Basic life | $0.334 | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants | $1.50 | regardless of family status |
| Post-retirement life | $3.50 | per $1,000 of insurance |
2017-Apr
Monthly PSMIP Premium Rates effective
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.03 | $0.02 |
| 31-35 | $0.03 | $0.03 |
| 36-40 | $0.05 | $0.03 |
| 41-45 | $0.08 | $0.05 |
| 46-50 | $0.14 | $0.10 |
| 51-55 | $0.22 | $0.16 |
| 56-60 | $0.35 | $0.25 |
| 61-65 | $0.58 | $0.40 |
| 66-70 | $0.67 | $0.50 |
| 71-75 | $0.31 | $0.25 |
| 76-80 | $0.22 | $0.18 |
| 81 and over | $0.33 | $0.27 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.02 | $0.01 |
| 31-35 | $0.02 | $0.02 |
| 36-40 | $0.03 | $0.02 |
| 41-45 | $0.05 | $0.04 |
| 46-50 | $0.08 | $0.06 |
| 51-55 | $0.14 | $0.10 |
| 56-60 | $0.21 | $0.16 |
| 61-65 | $0.43 | $0.30 |
| 66-70 | $0.48 | $0.37 |
| 71-75 | $0.24 | $0.19 |
| 76-80 | $0.14 | $0.12 |
| 81 and over | $0.22 | $0.18 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.35 | $0.35 |
| 26-30 | $0.43 | $0.50 |
| 31-35 | $0.56 | $0.63 |
| 36-40 | $0.71 | $0.78 |
| 41-45 | $0.78 | $0.91 |
| 46-50 | $0.91 | $1.06 |
| 51-55 | $1.06 | $1.41 |
| 56-60 | $1.41 | $2.12 |
| 61-65 | $2.12 | $3.24 |
| 66-70 | $1.06 | $1.62 |
| 71-80 | $1.62 | $2.53 |
| 81 and over | $2.40 | $3.75 |
Accidental Death & Dismemberment (AD&D)
$0.225/$25,000 unit (maximum 10 units)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 of insured salary.
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| AD&D | $1.80 | for $250,000 of insurance |
| Dependants' | $0.00 | Regardless of family status |
| Post-Retirement Life | $1.65 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.55 | per $1,000 of insurance |
| AD&D | $0.00 | for $250,000 of insurance |
| Dependants' | $0.92 | Regardless of family status |
| Post-Retirement Life | $2.60 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.334 | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $1.50 | Regardless of family status |
| Post-Retirement Life | $3.50 | per $1,000 of insurance |
2017-Jan
Monthly PSMIP Premium Rates effective
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.03 | $0.02 |
| 31-35 | $0.03 | $0.03 |
| 36-40 | $0.05 | $0.03 |
| 41-45 | $0.08 | $0.05 |
| 46-50 | $0.14 | $0.10 |
| 51-55 | $0.22 | $0.16 |
| 56-60 | $0.35 | $0.25 |
| 61-65 | $0.58 | $0.40 |
| 66-70 | $0.67 | $0.50 |
| 71-75 | $0.31 | $0.25 |
| 76-80 | $0.22 | $0.18 |
| 81 and over | $0.33 | $0.27 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.02 | $0.01 |
| 31-35 | $0.02 | $0.02 |
| 36-40 | $0.03 | $0.02 |
| 41-45 | $0.05 | $0.04 |
| 46-50 | $0.08 | $0.06 |
| 51-55 | $0.14 | $0.10 |
| 56-60 | $0.21 | $0.16 |
| 61-65 | $0.43 | $0.30 |
| 66-70 | $0.48 | $0.37 |
| 71-75 | $0.24 | $0.19 |
| 76-80 | $0.14 | $0.12 |
| 81 and over | $0.22 | $0.18 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.47 | $0.47 |
| 26-30 | $0.57 | $0.66 |
| 31-35 | $0.75 | $0.84 |
| 36-40 | $0.95 | $1.04 |
| 41-45 | $1.04 | $1.22 |
| 46-50 | $1.22 | $1.41 |
| 51-55 | $1.41 | $1.88 |
| 56-60 | $1.88 | $2.82 |
| 61-65 | $2.82 | $4.32 |
| 66-70 | $1.41 | $2.16 |
| 71-80 | $2.16 | $3.38 |
| 81 and over | $3.20 | $5.00 |
Accidental Death & Dismemberment (AD&D)
$0.275/$25,000 unit (maximum 10 units)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 of insured salary.
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.158 | per $1,000 of insurance |
| AD&D | $2.25 | for $250,000 of insurance |
| Dependants' | $1.21 | Regardless of family status |
| Post-Retirement Life | $1.92 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.55 | per $1,000 of insurance |
| AD&D | $9.125 | for $250,000 of insurance |
| Dependants' | $0.92 | Regardless of family status |
| Post-Retirement Life | $2.60 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.371 | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $1.50 | Regardless of family status |
| Post-Retirement Life | $3.50 | per $1,000 of insurance |
2016
Public Service Management Insurance Plan (PSMIP) 2016 Monthly Premium Rates
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.03 | $0.02 |
| 31-35 | $0.03 | $0.03 |
| 36-40 | $0.05 | $0.03 |
| 41-45 | $0.08 | $0.05 |
| 46-50 | $0.14 | $0.10 |
| 51-55 | $0.22 | $0.16 |
| 56-60 | $0.35 | $0.25 |
| 61-65 | $0.58 | $0.40 |
| 66-70 | $0.67 | $0.50 |
| 71-75 | $0.31 | $0.25 |
| 76-80 | $0.22 | $0.18 |
| 81 and over | $0.33 | $0.27 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.02 | $0.01 |
| 31-35 | $0.02 | $0.02 |
| 36-40 | $0.03 | $0.02 |
| 41-45 | $0.05 | $0.04 |
| 46-50 | $0.08 | $0.06 |
| 51-55 | $0.14 | $0.10 |
| 56-60 | $0.21 | $0.16 |
| 61-65 | $0.43 | $0.30 |
| 66-70 | $0.48 | $0.37 |
| 71-75 | $0.24 | $0.19 |
| 76-80 | $0.14 | $0.12 |
| 81 and over | $0.22 | $0.18 |
Dependants' is on a premium holiday.
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.00 | $0.00 |
| 26-30 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Accidental Death & Dismemberment (AD&D) is on a premium holiday.
$0.00/$25,000 unit (maximum 10 units)
Long-Term Disability (LTD) (cost-shared coverage) is on a premium holiday.
$0.00 per $1,000 of insured salary.
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.158 | per $1,000 of insurance |
| AD&D | $2.25 | for $250,000 of insurance |
| Dependants' | $0.00 | Regardless of family status |
| Post-Retirement Life | $1.92 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| AD&D | $0.00 | for $250,000 of insurance |
| Dependants' | $0.92 | Regardless of family status |
| Post-Retirement Life | $2.60 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.371 | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $1.50 | Regardless of family status |
| Post-Retirement Life | $3.50 | per $1,000 of insurance |
2015
Public Service Management Insurance Plan (PSMIP) 2015 Monthly Premium Rates
Basic Life is on a premium holiday.
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | |
| 31-35 | $0.00 | |
| 36-40 | $0.00 | |
| 41-45 | $0.00 | |
| 46-50 | $0.00 | |
| 51-55 | $0.00 | |
| 56-60 | $0.00 | |
| 61-65 | $0.00 | |
| 66-70 | $0.00 | |
| 71-75 | $0.00 | |
| 76-80 | $0.00 | |
| 81 and over | $0.00 | |
Supplementary Life is on a premium holiday.
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | |
| 31-35 | $0.00 | |
| 36-40 | $0.00 | |
| 41-45 | $0.00 | |
| 46-50 | $0.00 | |
| 51-55 | $0.00 | |
| 56-60 | $0.00 | |
| 61-65 | $0.00 | |
| 66-70 | $0.00 | |
| 71-75 | $0.00 | |
| 76-80 | $0.00 | |
| 81 and over | $0.00 | |
Dependants' is on a premium holiday.
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.00 | |
| 26-30 | $0.00 | |
| 31-35 | $0.00 | |
| 36-40 | $0.00 | |
| 41-45 | $0.00 | |
| 46-50 | $0.00 | |
| 51-55 | $0.00 | |
| 56-60 | $0.00 | |
| 61-65 | $0.00 | |
| 66-70 | $0.00 | |
| 71-80 | $0.00 | |
| 81 and over | $0.00 | |
Accidental Death & Dismemberment (AD&D) is on a premium holiday.
(effective )
$0.00/$25,000 unit (maximum 10 units)
Long-Term Disability (LTD) (cost-shared coverage) is on a premium holiday.
$0.00 per $1,000 of insured salary.
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.1575 | per $1,000 of insurance |
| AD&D | Premium Holiday | for $250,000 of insurance |
| Dependants' | $1.21 | Regardless of family status |
| Post-Retirement Life | $1.92 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.55 | per $1,000 of insurance |
| AD&D | $9.125 | for $250,000 of insurance |
| Dependants' | $0.92 | Regardless of family status |
| Post-Retirement Life | $2.84 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | Premium Holiday | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $1.50 | Regardless of family status |
| Post-Retirement Life | $3.80 | per $1,000 of insurance |
2014
Public Service Management Insurance Plan (PSMIP) 2014 Monthly Premium Rates
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | 0.04 | 0.03 |
| 31-35 | 0.04 | 0.04 |
| 36-40 | 0.07 | 0.04 |
| 41-45 | 0.10 | 0.07 |
| 46-50 | 0.17 | 0.12 |
| 51-55 | 0.28 | 0.20 |
| 56-60 | 0.44 | 0.31 |
| 61-65 | 0.73 | 0.50 |
| 66-70 | 0.84 | 0.62 |
| 71-75 | 0.39 | 0.32 |
| 76-80 | 0.28 | 0.22 |
| 81 and over | 0.42 | 0.33 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | ||
| 31-35 | ||
| 36-40 | ||
| 41-45 | ||
| 46-50 | ||
| 51-55 | ||
| 56-60 | ||
| 61-65 | ||
| 66-70 | ||
| 71-75 | ||
| 76-80 | ||
| 81 and over |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | ||
| 26-30 | ||
| 31-35 | ||
| 36-40 | ||
| 41-45 | ||
| 46-50 | ||
| 51-55 | ||
| 56-60 | ||
| 61-65 | ||
| 66-70 | ||
| 71-80 | ||
| 81 and over |
Accidental Death & Dismemberment (AD&D)
(effective
)
$0.275/$25,000 unit (maximum 10 units)
Long-Term Disability (LTD) (cost-shared coverage) $1.40 per $1,000 of insured salary.
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
Monthly PSMIP Premium Rates At
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | per $1,000 of insurance | |
| AD&D | for $250,000 of insurance | |
| Dependants' |
Regardless of family status | |
| Post-Retirement Life | $1.92 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life (Premium Holiday until ) | per $1,000 of insurance | |
| AD&D | for $250,000 of insurance | |
| Dependants' | $0.92 | Regardless of family status |
| Post-Retirement Life | $2.84 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | per $1,000 of insurance | |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $1.50 | Regardless of family status |
| Post-Retirement Life | $3.80 | per $1,000 of insurance |
2013
Public Service Management Insurance Plan (PSMIP) 2013 Monthly Premium Rates
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | 0.04 | 0.03 |
| 31-35 | 0.04 | 0.04 |
| 36-40 | 0.07 | 0.04 |
| 41-45 | 0.10 | 0.07 |
| 46-50 | 0.17 | 0.12 |
| 51-55 | 0.28 | 0.20 |
| 56-60 | 0.44 | 0.31 |
| 61-65 | 0.73 | 0.50 |
| 66-70 | 0.84 | 0.62 |
| 71-75 | 0.39 | 0.32 |
| 76-80 | 0.28 | 0.22 |
| 81 and over | 0.42 | 0.33 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | 0.03 | 0.02 |
| 31-35 | 0.03 | 0.03 |
| 36-40 | 0.04 | 0.03 |
| 41-45 | 0.06 | 0.05 |
| 46-50 | 0.10 | 0.08 |
| 51-55 | 0.18 | 0.13 |
| 56-60 | 0.28 | 0.21 |
| 61-65 | 0.58 | 0.40 |
| 66-70 | 0.64 | 0.49 |
| 71-75 | 0.32 | 0.25 |
| 76-80 | 0.19 | 0.16 |
| 81 and over | 0.29 | 0.24 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | 0.47 | 0.47 |
| 26-30 | 0.57 | 0.66 |
| 31-35 | 0.75 | 0.84 |
| 36-40 | 0.95 | 1.04 |
| 41-45 | 1.04 | 1.22 |
| 46-50 | 1.22 | 1.41 |
| 51-55 | 1.41 | 1.88 |
| 56-60 | 1.88 | 2.82 |
| 61-65 | 2.82 | 4.32 |
| 66-70 | 1.41 | 2.16 |
| 71-80 | 2.16 | 3.38 |
| 81 and over | 3.20 | 5.00 |
Accidental Death & Dismemberment (AD&D)
$0.275/$25,000 unit (maximum 10 units)
Long-Term Disability (LTD) (cost-shared coverage) $1.40 per $1,000 of insured salary.
The Employer pays 85% of the premium ($1.19) for excluded employees and 100% for Executives and equivalents.
Monthly PSMIP Premium Rates At
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life Footnote 1 * (premium holiday for 2013) | $0.1575 | per $1,000 of insurance |
| AD&D Footnote 1 * (premium holiday for 2013) | $2.25 | for $250,000 of insurance |
| Dependants'Footnote 1 * (premium holiday for 2013) | $1.21 | Regardless of family status |
| Post-Retirement Life | $1.92 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life Footnote 1 * (premium holiday for 2013) | $0.55 | per $1,000 of insurance |
| AD&D Footnote 1 * (premium holiday for 2013) | $9.125 | for $250,000 of insurance |
| Dependants' | $0.92 | Regardless of family status |
| Post-Retirement Life | $2.84 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life Footnote 1 * (premium holiday for 2013) | $0.375 | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $1.50 | Regardless of family status |
| Post-Retirement Life | $3.80 | per $1,000 of insurance |
Footnotes
- Footnote 1
-
Premium Holiday in effect from until
Visit public service pension plan for infomation on the pension.
2012
Public Service Management Insurance Plan (PSMIP) 2012 Monthly Premium Rates
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | 0.04 | 0.03 |
| 31-35 | 0.04 | 0.04 |
| 36-40 | 0.07 | 0.04 |
| 41-45 | 0.10 | 0.07 |
| 46-50 | 0.17 | 0.12 |
| 51-55 | 0.28 | 0.20 |
| 56-60 | 0.44 | 0.31 |
| 61-65 | 0.73 | 0.50 |
| 66-70 | 0.84 | 0.62 |
| 71-75 | 0.39 | 0.32 |
| 76-80 | 0.28 | 0.22 |
| 81 and over | 0.42 | 0.33 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | 0.03 | 0.02 |
| 31-35 | 0.03 | 0.03 |
| 36-40 | 0.04 | 0.03 |
| 41-45 | 0.06 | 0.05 |
| 46-50 | 0.10 | 0.08 |
| 51-55 | 0.18 | 0.13 |
| 56-60 | 0.28 | 0.21 |
| 61-65 | 0.58 | 0.40 |
| 66-70 | 0.64 | 0.49 |
| 71-75 | 0.32 | 0.25 |
| 76-80 | 0.19 | 0.16 |
| 81 and over | 0.29 | 0.24 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | 0.47 | 0.47 |
| 26-30 | 0.57 | 0.66 |
| 31-35 | 0.75 | 0.84 |
| 36-40 | 0.95 | 1.04 |
| 41-45 | 1.04 | 1.22 |
| 46-50 | 1.22 | 1.41 |
| 51-55 | 1.41 | 1.88 |
| 56-60 | 1.88 | 2.82 |
| 61-65 | 2.82 | 1.32 |
| 66-70 | 1.41 | 2.16 |
| 71-80 | 2.16 | 3.38 |
| 81 and over | 3.20 | 5.00 |
Accidental Death & Dismemberment (AD&D)
$0.275/$25,000 unit (maximum 10 units)
Long-term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 of insured salary.
The Employer pays 85% of the premium ($1.19) for excluded employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life *(premium holiday for 2012) | $0.158 | per $1,000 of insurance |
| AD&D*(premium holiday for 2012) | $2.25 | for $250,000 of insurance |
| Dependants'*(premium holiday for 2012) | $1.21 | Regardless of family status |
| Post-Retirement Life | $1.92 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.55 | per $1,000 of insurance |
| AD&D*(premium holiday for 2012) | $9.13 | for $250,000 of insurance |
| Dependants' | $0.92 | Regardless of family status |
| Post-Retirement Life | $2.84 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life*(premium holiday for 2012) | $0.371 | per $1,000 of insurance |
| AD&D | $2.50 | for $250,000 of insurance |
| Dependants' | $1.50 | Regardless of family status |
| Post-Retirement Life | $3.80 | per $1,000 of insurance |
Footnotes
- Footnote 2
-
Premium Holiday in effect from until
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