fbpx
Newsletter Contact us

FIQ (Fédération Interprofessionnelle de la santé du Québec)

Renewal of the group insurance contract

Renewal of the group insurance contract

At the Federal Council on December 5 and 6, 2023, your union representatives accepted the renewal conditions for the FIQ group insurance contract for April 1, 2024 to        March 31, 2025.

The COVID-19 global pandemic had effects that are still being felt by the healthcare professionals who hold the health network together. Inevitably, the rising disability rate has repercussions that our insurer evaluates, and the renewal of our insurance contract is affected, particularly in terms of unprecedented professional burnout and the rising cost of drugs. However, the difficult decisions taken by your union representatives have proved beneficial and have helped to mitigate the increases demanded by the insurer. This will enable us to maintain or limit premium increases for the coming year.

Broad outlines:

  • The rates for the dental care insurance plan are maintained;
  • An increase of 5% in the rate is provided for each of the life insurance guarantees, which brings us back to the 2018 rates;
  • The rate for the long-term disability insurance plan is maintained;
  • The increase for the health insurance plan is limited to 5.2%;
  • A partial premium holiday of 1.75%, will be applied to the health insurance premium;
  • The weighted average contractual increase is in line with inflation.

Despite this good news, we must remain vigilant: the future of our group insurance plan depends on it.

DO YOU KNOW YOU CAN HELP LIMIT THE COSTS OF GROUP INSURANCE?

Tip 1: Compare the cost of your prescription medication at several nearby pharmacies

You can do this using the price comparison tool, in the Client Centre, on the app or the Beneva website.

Tip 2: Have your prescription filled for 90 days and save on pharmacist fees (when the prescription so allows)

For example: Average fees: $18 /month or $216/year.

Average fees: $28/3 months or $112/year.

As such, you can lower the annual pharmacist fees by about 50% a year, which represents about 30% of the costs of the drug insurance plan.

Tip 3: Those receiving CNESST, IVAC or SAAQ benefits: claim care-related expenses from these bodies

By making claims to the appropriate body, the insured’s medications will be reimbursed at 100% and their cost is not absorbed by our group insurance plan.