Life Insurance - Retired Members

Life Insurance Coverage Offered at Retirement

At retirement, you may choose and pay for up to five units of Post Retirement Insurance (PRI) depending on the number of units of Optional Life Insurance you had while actively at work.

For example, if you had Basic Life Insurance and three units of Optional Life Insurance while working, you are eligible for four units of PRI when you retire. If you had only Basic Life Insurance, you are eligible for one unit of PRI.

Each unit is equal to $7,000 of insurance before the age of 60 and at age 60 reduces by $1,000 per unit every five years. At age 90, Life Insurance coverage and premiums stop.

In addition, some retiring members may qualify for a Paid-up Life Insurance Policy. HEB Manitoba will advise you at retirement if you qualify.

Canada Life administers and adjudicates the claims for the PRI and Paid-up Life Insurance Policy.

Retail Sales Tax on Group Life Insurance Premiums

As a result of the Manitoba 2012 Provincial Budget, Retail Sales Tax (RST) must now be paid on group life insurance premiums. If you require further information, please contact our Member Services team at (204) 942-6591 or 1-888-842-4233 (outside Winnipeg).

New Videos – Introduction to Our Plans

To help members when they join HEB Manitoba, or any time they need information about our Plans, we have recorded the following presentations. We will post more videos as they become available. See the videos.

Premium Increase Effective June 1, 2023

The Healthcare Employees’ Benefits Plan (HEBP) Board of Trustees has approved premium increases for the Healthcare & Dental Plans, effective June 1, 2023. 

Letters with more information were mailed to members participating in the plans on April 21.

Update on Government of Manitoba Centralized Investment Management Proposal

HEPP Board of Trustees recommends that Pension Plan investments remain independent of centralized investment structure. Read the full article

My HEB Online Services

Log in to My HEB Online Services to access the Online Pension Estimator and update personal pension plan information such as:

  • marital status
  • beneficiary information
  • address

© 2023 HEB Manitoba

 

Disclaimer - This website provides a basic overview of the Healthcare Employees' Pension Plan (HEPP) and the Healthcare Employees' Benefits Plan (HEBP) (collectively the HEB Manitoba Pension and Benefit Plans). Not all employers participate in all Plans. Please check your eligibility for benefits with your employer.

HEB Manitoba is a name notation registered by the Healthcare Employees’ Pension Plan – Manitoba and the Healthcare Employees’ Benefits Plan – Manitoba and under which each of their respective undertakings is carried out.

The information on this website is for convenience of reference only and has no official sanction. View our full disclaimer here.