Group insurance eligibility for dependent children
Until what age are dependent children eligible for group insurance? What are the eligibility criteria? Many members are asking themselves these questions.
Even though each contract is different, knowing the general principles that govern group insurance eligibility for older dependent children can be quite useful.
Here is a summary of the general principles that govern group insurance eligibility for dependent children in most iA Financial Group contracts1:
|Eligibility||Until 20 years of age||Between 21 and 26 years of age|
|Eligibility criteria||― Be covered by the public health insurance plan in their province of residence
― Meet the definition of full-time Canadian resident
― Meet the definition of dependent child under the group insurance contract
|― Be under 26 years of age and registered full-time at a recognized educational institution
― Have a mental or physical disability and be unable to earn a living because of said disability, provided it was declared when the insured was a child, subject to eligibility criteria.
As a result, group insurance plan members are required to contact iA Financial Group every year to confirm the full-time student status of their dependent children between 21 and 26 years of age2 (Confirmation of student status form) to maintain coverage.
1 Since the eligibility criteria may vary in some contracts, note that plan members are invited to always consult their group insurance booklet to confirm the eligibility criteria that apply to their dependent children.
2 Certain group insurance contracts stipulate that full-time student status must be confirmed from age 18.