PHI and HCC rates increasing April 1

In December 2023 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.

As a reminder, PHI and HCC rates will be repriced due to an ongoing increase in claims we’re paying to Clients. Many Clients will experience an increase; however, rates won’t change for Clients in some series and age bands.

Clients who purchase PHI or HCC before April 1, won’t see a possible rate change 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:

• Refer to the PHI and HCC premium rate change and FAQ    
• Review updated rate cards available April 1
  • PHI
  • HCC 

Contact: salesdesk@sunlife.com