Analysis of Premium Rate Adjustments

Table 1: Comparison of the Current and New Premium Rates.

Total Monthly Premium Rates
	Current	New
Basic Life (2 x Salary/Pension)	$0.107/$1,000	$0.100/$1,000
Dependent Life	$1.52	$1.42
Voluntary Member/Spousal Life	Step Rated by Age	Same
Basic Accidental Death & Dismemberment	$0.191/$10,000 of benefit	Same
Voluntary Accidental Death & Dismemberment	$0.24/$10,000 of benefit (Single) $0.33/$10,000 of benefit (Family)	Same
Basic Critical Illness	$3.08	Same
Voluntary Member/Spouse Critical Illness	Rate per $1,000 of coverage Smoker Non-Smoker Male Female Male Female 0.138 0.162 0.110 0.123 0.172 0.223 0.124 0.146 0.271 0.350 0.166 0.193 0.552 0.559 0.284 0.274 1.022 0.778 0.460 0.364 1.809 1.074 0.749 0.512 3.166 1.452 1.284  0.755	Rate per $1,000 of coverage Smoker Non-Smoker Male Female Male Female 0.184 0.215 0.146 0.164 0.229 0.297 0.165 0.194 0.360 0.466 0.221 0.257 0.734 0.743 0.378 0.364 1.359 1.035 0.612 0.484 2.406 1.428 0.996 0.681 4.211 1.931 1.708 1.004
Voluntary Dependent Child Critical Illness	$2.02	$2.69
*Health: Single Family	$235.80 $421.82	$235.80 $421.82
Dental: Single Family	$51.78 $104.06	$51.78 $104.06
Long Term Disability	$1.153/$100 of salary	$1.294/$100 of salary
*Retiree Post-65 ($15,000)	$31.34	$33.20

* For retired teachers who turned age 65 after September 1, 2004, $27.70 is paid by the retiree, $5.50 is paid from the Post-65 Life Fund established when the Post-65 Paid-Up Life program was eliminated on September 1, 2004. Retired teachers who turned 65 prior to September 1, 2004 and were eligible for the Paid-Up Life benefit are not eligible for this subsidy.

Government Contribution Rates – Impact on Member Premiums

Government’s contributions to the premium rates in the Basic and Dependent Life, the Basic Accidental Death and Dismemberment, and the Health plan options are determined annually in accordance with a Premium Rate Setting Process utilizing an independent insurance consultant. Government’s contributions to the NLTA premium rates are the lesser of 50% of the NLTA premium rate calculated under the rate setting process in the Collective Agreement or 50% of the Government premium rate for its own Basic/Dependent Life, Basic Accidental Death and Dismemberment, and Health plan options calculated under this rate setting process. The following table illustrates the impact of the Premium Rate Setting Process and the Government contribution rate determined for 2026-2027.

Basic Plan Premium Rates Per Deduction Period (24) Effective April 2026 Deductions Based on an $80,000 Annual Salary
	Member Contribution			Government Contribution			Total Premium
		Current	New		Current	New		Current	New
Basic Life	Single: Family:	$4.24 $4.63	$4.16 $4.53	Single: Family:	$4.32  $4.69	$3.84 $4.18	Single: Family:	$8.56 $9.32	$8.00   $8.71
AD&D		$1.05	$1.05		$0.48	$0.48		$1.53	$1.53
Health	Single: Family:	$90.81  $144.25	$92.08 $145.74	Single: Family:	$23.84  $60.16	$25.82 $65.17	Single: Family:	$117.90 $210.91	$117.90   $210.91

 

 

 

 

 

 

 

 

 

 

 

 

A benefit statement from the Plan Administrator, belairdirect, outlining your personal coverage and premiums will be mailed to you in the near future.