iAtoday

The Canadian Drug Insurance Pooling Corporation (CDIPC) and the Quebec Drug Insurance Pooling Corporation^TM (QDIPC) coordinate the pooling process among various life and health insurance companies. The primary objective of pooling is to allow group insurance policyholders to protect themselves against the financial impact of significant drug claim costs.

Features applicable to Quebec groups

• Pooling applies to all drugs covered by the private plan for all eligible groups, regardless of their size.
• Groups with less than 6,000 plan members are subject to the same standard formula that is applied across the industry, whether the group is insured or not.

Pooling parameters for 2024

iA Financial Group will continue to apply the threshold and costs for groups of 50 to 124 certificates to insured groups of 125 or more certificates in compliance with the pooling parameters set by the CDIPC.

¹May vary depending on the threshold established by the CDIPC.

These new parameters will be used for 2024 renewals.

iA Financial Group also offers several pooling parameters for groups that are funded on a retention or ASO basis.

Read the communiqué that will be sent to group insurance plan administrators on December 18.

Read the French version.