Qualification for Coverage
For new members, or if
coverage has lapsed - 240 hours reported in 12 consecutive
months.
Coverage is effective the 1st of the month
following the month in which sufficient hours are
reported. For example, hours worked in April are reported
during May (lag month) and provide coverage for June, if
there are sufficient hours in your hourbank.
Monthly Cover Charge
120 hours.
Hour-Bank Maximum
720 hours (6 months coverage).
Self-Payments
To maintain coverage when
short of hours self-pay is available for a
maximum of 9 months - (No WI or LTD) $1.86 per
hour ($223.20 per month).
Disability Credits
8 hours per day credited
to your hourbank while on WI, WCB or
Employment Insurance (EI) sick benefits, for
up to 6 months. If collecting WCB or EI you
must submit claim stubs or a completed
Disability Credit form promptly.
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