Nurses in our Province have faced substantial increases in their Long Term Disability rates over the last few years.
Many Nurses have found their rates have increased by over 50%. It’s little wonder they’re beginning to feel their long term disability rates becoming more and more unaffordable.
Buying a personal plan may be a cost effective solution. Most Newfoundland Nurses can purchase their own personal plan which will keep their rates the same up to the age of 65.
Personal plan rates can be substantially less than their current group plan. In one recent example, a Nurse was able to reduce her rates by $75 per month for essentially the same plan she had previously. This represented a savings of $900 of net income per year!
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