Cost of coverage
You pay the full premium for any coverage, given that the plan is optional.
The premiums are paid through payroll deductions and include sales tax.
| Bi-Weekly Optional Accident Insurance Premium Rates per $1,000 of Coverage (including sales tax) |
|
| Single coverage | $0.009 |
| Family coverage | $0.013 |
What is taxable
Optional accident insurance benefit payments are not subject to federal or provincial income tax.
