Contribution rates

The following is a summary of the 2017 and 2018 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.

Supplemental Health and Dental: The amounts that will be deducted per pay are indicated below.

     2017   2018  
Benefit  McGill Pays      You Pay       MCGILL PAYS YOU PAY
 

Bi-weekly

Bi-weekly

Bi-weekly

Bi-weekly

Supplemental Health
Single
Family

 

$21.84
$43.04

 

$21.84
$43.04

 

$22.40
$44.13

 

$22.40
$44.13

Dental
Single
Family

 

$11.37
$25.43

 

$11.37
$25.43

 

$11.40
$25.50

 

$11.40
$25.50

Short-Term Disability 100% $0.00 100% $0.00
Long-Term Disability $0.00 $0.901 per $100
of monthly earnings
$0.00

$0.991 per $100
of monthly earnings

Basic Life Insurance 100% $0.00 100% $0.00
Optional Life Insurance $0.00 see table below $0.00 see table below
Accident Insurance 100% $0.00 100% $0.00

*plus 9% premium sales tax for Quebec 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+

 

0.023
0.029
0.040
0.063
0.107
0.187
0.228
0.429
0.713
1.110
1.785
2.851
4.483
5.826

 

*plus 9% premium sales tax for Québec residents, 8% for Ontario residents.

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