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 of 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:
ETFO Employee Life and Health Trust (ELHT) Board of Trustees
|Manages and governs the ETFO ELHT Benefits Plan.The trustees manage the ETFO ELHT Benefits Plan in the best interests of members, and make plan design, funding, administrative and investment decisions on their behalf.||Administers the funding for the benefits plan and determines the portion of the benefit costs that are paid by the ETFO ELHT and/or you.
|Your plan administrator:
|Administers your benefits plan.
OTIP assists members with questions about enrolment, eligibility, benefits, costs/premiums, and claims for health and dental care.
OTIP also manages and processes life and/or Accidental Death and Dismemberment insurance claims, and waiver of life insurance premiums.
|Works with your employer to administer and collect your benefit premiums on behalf of your ELHT.
OTIP also issues applicable tax slips to members for their taxable benefits.
|Manages members’ employment status and personal information.
Your employer is responsible for keeping your employment record and your personal information up to date and providing it to OTIP (i.e. your name, date of birth, mailing address, FTE/hours worked, work status, etc.).
|Provides members’ employment information to OTIP to determine eligibility, enrolment, and benefit costs.|
|Underwrites and issues insurance policies, and pays health and dental claims on behalf of the ELHT.
NOTE: The insurer of the Accidental Death and Dismemberment benefit is Teachers Life.
Reviewing your benefits coverage and costs
You can review your benefits information and monthly benefit costs/premiums online:
Paying by pre-authorized debit
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?
Members enrolling in their benefits plan and who are responsible for benefit costs will see a deduction on their next month’s pay or bank account that consists of:
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.