PSHCP

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Re: PSHCP

Post by Trooper on Tue 04 Apr 2017, 11:55

bruce72 wrote:My PSHCP monthly premium has increased $10 per month to $54.46 per month.

Just sharing for reference.

Their not getting anymore from me, I cancelled my medical and kept the dental.
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Re: PSHCP

Post by Bruce72 on Tue 04 Apr 2017, 12:37

I wish I could cancel too, but the plan covers my blood pressure medication and my back medication. Without I couldn't afford the meds.

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Re: PSHCP

Post by nemo on Tue 04 Apr 2017, 13:40

Yeah, the plan price going up sucks. And for some, it is not worth the expense. But for all the medical expenses I have to pay beyond what VAC will pay still makes it of benefit to me. Perhaps some years I get back less than I put in but other years I get more back. And dental definitely gives me more than what I pay into it.

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Re: PSHCP

Post by teentitan on Tue 04 Apr 2017, 19:58

Don't forget you are allowed to claim your monthly premiums on your yearly taxes under "medical expenses". Just a reminder
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Re: PSHCP

Post by RobbieRoyal on Sat 15 Apr 2017, 07:30

is there a form to download or a contact number to get this info for the purpose of income tax reduction Ron?
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Re: PSHCP

Post by sabrelove on Sat 15 Apr 2017, 13:10

RobbieRoyal wrote:is there a form to download or a contact number to get this info for the purpose of income tax reduction Ron?


If you call the pension office, 1-800-267-0325, you can get a letter for the medical and dental plan that states your annual premium and tax paid. Once registered, you are supposed to get the letters yearly. Otherwise, you can add up the premiums on your pay statements and use that as a source document (I did for years and it held up to a medical audit). You will just have to calculate your provincial tax yourself. For Ontario it is 8%.

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Re: PSHCP

Post by bog6 on Sun 16 Apr 2017, 00:03

i just finished with getting quotes from blue cross, manulife, PSHC and one more.

to mu surprise when all were cross check. PSHCP was the best of all the deals for Dental and Medical.


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Re: PSHCP

Post by nemo on Sun 16 Apr 2017, 12:19

Overall, it is not a bad deal. Especially Catastrophic drug coverage which is something many plans do not cover....

"Eligible drug expenses in excess of $3,000 out-of-pocket drug expense incurred in a given calendar year payable at 100%"


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Re: PSHCP

Post by nemo on Sun 16 Apr 2017, 12:23

If VAC is not covering you for all medical expenses or you have a spouse or child who needs medical supplies, medical expenses can be a very big part of one's monthly costs. Even with VAC covering me on a B level, between my spouse and I we likely average around 5K per year. That is medical and dental plan fees...prescription glasses and for me with poor vision that is a high cost because I need high end lenses....and all the other stuff you still need...

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Re: PSHCP

Post by pinger on Sun 16 Apr 2017, 13:41

Yup bog6,  " i just finished with getting quotes from blue cross, manulife, PSHC and one more. "
... that's what you have to do, the homework if one can wrap ones head around the fine-print.

I think the benefits are definitely worth the cost in our circles though...

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Re: PSHCP

Post by teentitan on Sun 16 Apr 2017, 15:56

Use your yearly pension statement that shows your PSHCP monthly payment and dental as well. Multiply by 12 for each one and you have your yearly premium payments. No form required Robbie
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Re: PSHCP

Post by bog6 on Sun 16 Apr 2017, 21:37

This is a great talk, thanks for sharing. It's is also good to hear how others are making out because when an unfortunate medical situation arises, experiences that we read relally help to clear the mind.

Group hug.....lol

Awesome group

Thanks and keep talking.

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Re: PSHCP

Post by RobbieRoyal on Mon 17 Apr 2017, 17:51

Very Happy
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Re: PSHCP

Post by SaintJohn18182 on Fri 05 May 2017, 11:36

Hi,

I am interested in joining the PSHCP as my wife's Medical/Dental/Insurance is $168/month and we don't need insurance but unfortunately you must opt into it to be part of the Medical And Dental.
She gets 80% of basically anything including massages.. but we never use all those extra benefits and it feels like we're throwing $168/month away

I'm trying to save money here, would it be wise for me to take over and get a plan for both of us?

I believe since I recently got approved for the rehab program that I'm eligible but I'm wondering what happens once the Rehab program is over?
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Re: PSHCP

Post by Bruce72 on Fri 05 May 2017, 12:15

I can't comment as to whether or not PSHCP would be of value to you and your wife, because I don't know your entire situation (nor should I, that's your business) but after the Rehab program you can keep the PSHCP as long as you pay your premiums.

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