New contribution requirements for the Quebec Public Prescription Drug Insurance Plan since July 2020
We wish to remind you that, since July 1, 2020, the contribution requirements for the Quebec Public Prescription Drug Insurance Plan are as below:
|Before July 1, 2020||Since July 1, 2020|
|Maximum annual out-of-pocket||$1,117||$1,144|
|Maximum annual premium*||$636||$648|
Impact on iA Financial Group's group insurance plans
These changes do not result in any amendment to your group insurance contract because the coverage offered by your group insurance plan is at least as generous as the one provided by the public prescription drug insurance plan. Therefore, since July 1, 2020, drug claims have been adjudicated based on these new requirements.
If you have any questions, please contact your advisor or your iA Financial Group Account Executive.
* The maximum will be $658 ($649 before July 1, 2020) for those aged 65 and over who receive the Guaranteed Income Supplement (GIS) at a rate of 1 to 93%.