SRA Rates 2010
Dear SRA Member:
The annual review of the Saskatchewan Retiree Association Group Benefit plan has been completed. The program incurred Health and Dental claims at, or just slightly below expectations for the past year. In order to ensure proper funding to accommodate the anticipated increase in utilization of benefits and increase in inflation, it is necessary to adjust the rates to achieve a break even target over this next renewal period.
As you may have already heard the 2010-2011 provincial budget included a delisting of Chiropractic services which will increase the amount claimed on the SRA Group Benefit plan by approximately $9.80 per claim, which has an accumulative impact overall on the Extended Health Plan. The Dental Plan requires a slight increase to offset the increases in the dental fee guide of approximately 4 %.
Given the above rationale, the monthly premiums for the SRA Benefit Plans, Extended Health and Dental, for the policy year July 1, 2010 to June 30, 2011 will change as follows:
|Extended Health:||from $93.90 to $102.60||from: $188.11 to $205.54||from: $223.83 to $244.56|
|Dental:||from $29.23 to $29.77||from: $58.47 to $59.55||from: $67.24 to $68.49|
If you decide to terminate your coverage in the Dental plan or both the Health and Dental plans, please advise GMS in writing no later than June 15, 2010 so that they may stop the automatic withdrawal from your bank account. Please note that a medical questionnaire will be required to be accepted back into the Extended Health plan after termination. If you choose to terminate membership in the Dental plan, you will not be accepted back in.
The SRA Group Benefits Plan is an annual plan, and as such, once you agree to the renewal for July 1, 2010, you cannot terminate from the plan until the next renewal date of July 1, 2011.
Jack Peterson, Chair
Group Benefits, Sask Retirees Association
Cc Group Medical Services