September 2005 Premium Rates/Projections

The Trustees have been observing for the past few years the way that the provinces have continued to amend their Medicare plans, usually by delisting services and deleting coverages. As you know, the group health and dental insurance benefits have to wrap around the provincial Medicare plans. And, in some provinces where schools can opt out of workers’ compensation plans, we have to allow for that as well. A third factor that varies by province is premium taxes. The increasing differences in the government plans have meant that what the Plan has to cover is really quite different from province to province.
Up until now, we have only adjusted rates by province to account for the higher premium taxes in Ontario. But, because of the increasing differences in provincial plans we now need to incorporate these additional differences into our rates.
Based on this and the quote from Manulife, the forecast for September looks like this:
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Full Issue: No. 294 - April 6, 2005

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