Many members have entrusted Doctors of BC with their insurance needs over their careers. If you are nearing retirement, there are some things to know about your Doctors of BC insurance.
Physicians’ Disability Insurance (PDI): PDI remains in effect as long as you have more than $10 000 of eligible income in a calendar year; however, it terminates at age 70 regardless of your income. Cancel your coverage once you retire. If you forget, PDI automatically cancels after a period of no income.
Member Disability (INCOMEprotect): INCOMEprotect expires the 1st of May following your 70th birthday, regardless of your working status. Disability benefits replace your earned income if you cannot work due to illness or injury. Cancel your coverage once you retire, as the plan is no longer applicable. Changes in membership status or reported earned income will not trigger an automatic cancellation.
Professional Expense Insurance (PEI): PEI expires the 1st of May following your 80th birthday. Benefits are payable only if you are incurring business or professional expenses. Cancel your coverage once you retire, as the plan is no longer applicable.
Accidental Death and Dismemberment (AD&D): AD&D expires the 1st of May following your 75th birthday. Since premiums remain level and are relatively inexpensive, we encourage keeping coverage until expiry.
Life insurance: Life insurance expires the 1st of May following your 75th birthday. Generally, you can consider reducing or canceling term life insurance if you have no debts or financial dependants and are in good health. Evaluate your life insurance needs before canceling or reducing coverage.
Health Benefits Trust Fund (HBTF): HBTF can cover you and your family for life. Currently, there is no expiry age, although the plan benefits change after your 70th birthday. Contact us if you are winding up your corporation or if you are retiring and you have the Core Plus plan. If you have the Cost-Plus feature on your plan, speak to your accountant about whether it is useful to maintain in retirement.
Critical Illness Insurance (CI): CI expires the 1st of May following your 75th birthday. Premiums tend to rise substantially in older ages. You may reduce or cancel coverage if your retirement is well funded and you no longer require additional financial support during a critical illness event.
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Above is the information needed to cite this article in your paper or presentation. The International Committee
of Medical Journal Editors (ICMJE) recommends the following citation style, which is the now nearly universally
accepted citation style for scientific papers:
Halpern SD, Ubel PA, Caplan AL, Marion DW, Palmer AM, Schiding JK, et al. Solid-organ transplantation in HIV-infected patients. N Engl J Med. 2002;347:284-7.
About the ICMJE and citation styles
The ICMJE is small group of editors of general medical journals who first met informally in Vancouver, British Columbia, in 1978 to establish guidelines for the format of manuscripts submitted to their journals. The group became known as the Vancouver Group. Its requirements for manuscripts, including formats for bibliographic references developed by the U.S. National Library of Medicine (NLM), were first published in 1979. The Vancouver Group expanded and evolved into the International Committee of Medical Journal Editors (ICMJE), which meets annually. The ICMJE created the Recommendations for the Conduct, Reporting, Editing, and Publication of Scholarly Work in Medical Journals to help authors and editors create and distribute accurate, clear, easily accessible reports of biomedical studies.
An alternate version of ICMJE style is to additionally list the month an issue number, but since most journals use continuous pagination, the shorter form provides sufficient information to locate the reference. The NLM now lists all authors.
BCMJ standard citation style is a slight modification of the ICMJE/NLM style, as follows:
- Only the first three authors are listed, followed by "et al."
- There is no period after the journal name.
- Page numbers are not abbreviated.
For more information on the ICMJE Recommendations for the Conduct, Reporting, Editing, and Publication of Scholarly Work in Medical Journals, visit www.icmje.org