Tag: OMA Insurance Rate increase

OMA INSURANCE RATE INCREASE

Recently you received a notification from the OMA about a significant rate increase on OMA Disability Insurance.  Below are the facts. OMA DISABILITY INSURANCE In 2010, the OMA rebated 45% of the premium on group disability insurance. This rebate was eliminated in 2017 and rates are now increasing – on average 22%. OMA LIFE INSURANCE In 2010, the OMA rebated 65% of the premium on group term life insurance. This rebate was reduced to 20% in 2020 which means your…