All employees will receive a base credit amount of $1,000 annually. In addition to the base credit you will receive further credit based on your Health and Dental coverage elections, as outlined below:
| Coverage | Extended Health | Dental | Per Pay Period Deduction |
|---|---|---|---|
| Flex Credit Base Amount | $1,000 | N/A | |
| Opt-Out* | $750 | $750 | N/A |
| Bronze | $500 | $500 | N/A |
| Silver | $200 | $200 | N/A |
| Gold | $100 | $100 | Single: $7.50 per pay Family: $18.75 per pay |
*You can decline coverage ONLY if you are covered under your spouse’s plan with their respective employer.
Example #1: Gold Health and Dental
Base ($1,000) + Health ($100) + Dental ($100) = $1,200 total credits
Example #2: Bronze Health and Silver Dental
Base ($1,000) + Health ($500) + Dental ($200) = $1,700 total credits
The maximum amount of credits you can receive is $2,500.
Click here to view the credits available for all possible Health and Dental Plan combinations.
Allocating your Flex Credits
Once you have made your Health and Dental elections you will have a flex credit balance where you can allocate to have the monies deposited in:
- Registered Retirement Savings Plan (RRSP)*
- Tax Free Savings Account TFSA)
- Non-Registered Savings
- Health Care Spending Account (HCSA)