New PSHCP pensioner contribution rates
Mar 13, 2019 2 min read
The Treasury Board has announced the new PSHCP monthly contribution rates that will come into effect April 1, 2019.
The contribution rates for retired members of the PSHCP with Supplementary coverage will be adjusted on April 1, 2019, to meet this year’s 50% : 50% (retired member : employer) cost-sharing ratio. PSHCP contribution rates are based on pensioner costs under the Plan over the preceding year – rates increase when overall pensioner costs to the Plan have increased.
The following tables break down the contribution rates by the Extended Health Provision (EHP) and Hospital Provision (HP) with a total amount paid by the pensioner each month. The tables compare 2018 rates (left) with the new rates for 2019 (right).
Single Rate
Single Rate 2018 | Single Rate 2019 | |||||
Type of Coverage | EHP | HP | Total | EHP | HP | Total |
Hospital Level I | $58.31 | $0.00 | $58.31 | $60.33 | $0.00 | $60.33 |
Hospital Level II | $58.31 | $16.56 | $74.87 | $60.33 | $16.56 | $76.89 |
Hospital Level III | $58.31 | $45.41 | $103.72 | $60.33 | $45.41 | $105.74 |
Family Rate
Family Rate 2018 | Family Rate 2019 | |||||
Type of Coverage | EHP | HP | Total | EHP | HP | Total |
Hospital Level I | $115.06 | $0.00 | $115.06 | $119.57 | $0.00 | $119.57 |
Hospital Level II | $115.06 | $16.56 | $131.62 | $119.57 | $16.56 | $136.13 |
Hospital Level III | $115.06 | $45.41 | $160.47 | $119.57 | $45.41 | $164.98 |
Relief Provision for Pensioners
If you joined the PSHCP as a retired member on or before March 31, 2015, relief from increasing PSHCP rates may be available if you are or become a recipient of a Guaranteed Income Supplement (GIS), or if your net or joint net income is lower than the GIS thresholds. The PSHCP Relief Provision can allow you to retain the 25:75 (retiree: employer) monthly contribution cost-sharing model. Find out who can and how to apply.
Relief Provision Single Rate 2018 | Relief Provision Single Rate 2019 | |||||
Type of Coverage | EHP | HP | Total | EHP | HP | Total |
Hospital Level I | $29.16 | $0.00 | $29.61 | $30.17 | $0.00 | $30.17 |
Hospital Level II | $29.16 | $16.56 | $45.72 | $30.17 | $16.56 | $46.73 |
Hospital Level III | $29.16 | $45.41 | $74.57 | $30.17 | $45.41 | $75.58 |
Relief Provision Family Rate 2018 | Relief Provision Family Rate 2019 | |||||
Type of Coverage | EHP | HP | Total | EHP | HP | Total |