Increase in Group Medical Insurance Premiums
Important Notice: Increase in Group Medical Insurance Premiums Effective November 1st, 2024
Please be advised that effective November 1st, 2024, there will be an increase in the premiums for our group medical insurance.
The new premiums are as follow:
|
Category |
New Premium |
|
Member Only |
$129.68 |
|
Member Plus 1 |
$219.98 |
|
Family |
$341.78 |
|
Member Only (Retiree) |
$121.28 |
|
Member Only (Retiree without Life Benefit) |
$111.30 |
|
Member Plus 1 (Retiree) |
$215.78 |
|
Member Plus 1 (Retiree without Life Benefit) |
$205.80 |
|
Family (Retiree) |
$342.83 |
|
Family (Retiree without Life Benefit) |
$332.85 |
We kindly ask that you come in to make the necessary adjustments to your payroll deductions and internal allocations accordingly.
Additional Information to Note:
- Medical deductible for members under age 65: Increased to $200.00 per person (3 deductibles per family).
- Medical deductible for retirees: Increased to $250.00 per person (3 deductibles per family).
- Vision and dental deductibles: Increased to $150.00.
- Orthodontia coverage: Applies to dependent children up to age 19.
- Pre-existing condition limit: Reduced to $750.00.
For assistance or further inquiries, kindly contact our Member Services team at 452-4807/8/9 (Ext. 241, 240, 239, 265).
We appreciate your prompt attention to this matter and thank you for your continued support.
Sincerely,
Jannou Credit Union
