Current PHI and HCC rates available until March 31
January 24, 2024
Recently we announced an increase to the Personal Health Insurance (PHI) and Health Coverage Choice (HCC) rates, effective April 1, 2024. This change will apply to in-force and new business, and many Clients will experience an increase.
However, Clients who purchase PHI or HCC by March 31, 2024, won’t have any rate changes until after their first policy anniversary.
PHI and HCC continue to provide excellent coverage options for Clients needing protection with health expenses not covered by provincial plans.
Next steps:
- Share the PHI client guide and HCC client guide with prospective Clients
- Review the advisor guide and the 10 things that you need to know about PHI and HCC document to review the product features
- Stay up-to-date on upcoming rate reprice and transition rules, and refer to the PHI and HCC premium rate change and FAQ
Contact: salesdesk@sunlife.com