On January 1, 2019 the OMA Priority Insurance Program (OPIP) is changing from a flat, annual contribution to an annual contribution plus a monthly subsidized premium.
Based on projected costs, starting January 1, 2019,
each member's premium for the health/health spending account and critical illness will be subsidized by at least 70% with the remainder paid by the member.
On January 1st we will also be introducing monthly premium payments by pre-authorized debit from members' bank accounts.
The 2019 government subsidy will be at least 70%.
Members tell us that OPIP continuing to be available into the future is important to them. For this to happen, we must address the financial sustainability of OPIP. This has been accomplished without having to make benefit changes.
Self-funded options, if any, will continue to be paid fully by the member on a monthly basis— this includes Health Plus/Dental/Dental Plus and any optional Critical Illness insurance.
In addition to your member share of premium, each OPIP participant will continue to pay a flat annual OPIP contribution of $180, due each January.
Here are a few examples of annual OPIP coverages for 2019.
The new annual cost for members with a Health Spending Account is $230— this amount is due on January 1, 2019. Members with Critical Illness will have their annual premium withdrawn from their bank account in 12 monthly payments.
OPIP has been designed to provide flexibility and choice for our members. If you are considering
changing your insurance provider, take a minute to understand how your protection could be affected.
OMA Insurance is committed to doing its best to ensure OPIP meets the needs of our members, now and in the future. Our staff are here to help you make informed decisions about all your insurance coverages. Even with this change in how members pay for OPIP, the value of OPIP and the protection offered makes this program one-of-a-kind: nowhere else offers this unique combination of coverage and cost. OPIP is only available to OMA members through OMA Insurance and has been specifically created for Ontario's doctors.