News and Updates
Paying for your benefits: What you need to know
Depending on your Employee Life and Health Trust benefits plan, whether you’re full time or part time, permanent or temporary, at work or on a leave, you may be required to pay for some or even all your benefit premiums through payroll deduction or pre-authorized debit (PAD).
First, let’s review the parties that have a role in the cost of your benefits plan and the administration of your benefit premiums.
Who |
Role and responsibilities |
Role regarding your benefit costs |
---|---|---|
Your plan sponsor: |
Manages and governs the ELHT benefits plan. |
Administers the funding for the benefits plan and determines the portion of the benefit costs that is paid by the ELHT and/or you. |
Your plan administrator: |
Administers your benefits plan. |
Works with your employer to administer and collect your benefit premiums on behalf of your ELHT. |
Your employer: |
Manages members’ employment status and personal information. |
Provides members’ employment information to OTIP. Using this information, OTIP can determine eligibility, enrolment, and benefit costs. |
Claim payer/insurers: |
Manulife underwrites and issues life insurance policies, and pays health and dental claims on behalf of the ELHT. |
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Reviewing your benefits coverage and costs
You can review your benefits information and monthly benefit costs/premiums online.
Follow these steps: How do I review my benefits costs and coverages?
Paying by pre-authorized debit (dependent on the funding arrangement of your ELHT or situation)
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All members on a leave or who work 0.3 FTE or less are required to pay for their benefits via pre-authorized debit, administered by OTIP.
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Pre-authorized debits occur on the 10th of every month.
Reasons your benefit costs may have changed
Your benefit costs are subject to change due to factors like your employment status, salary changes, plan renewals and amendments. If a change occurs in your benefits, your monthly premiums will be updated.
New to enrolling in your benefits plan?
E.g. Jean-Pierre started an eligible permanent position on September 4. His monthly premium is $50. Therefore, his total premium deduction in October will be $100. |
OTIP Benefits Services is here to help
If you have any questions regarding your monthly benefit costs and/or premiums, please contact OTIP Benefits Services at 1-866-783-6847.