SMA Information

Membership

You can maintain “retired physician” status for a minimal fee per year. Membership allows participation on SMA committees and continued access to MD Management. 

In your final year of practice, your dues are prorated according to your retirement date.

Continuing Medical Education Fund

In the final year of practice, be sure to find out how much funding you have left in your CME account. After you retire, you can no longer access CME funds. Plan how you wish to spend your remaining funds before your date of retirement.

Retention Fund

Send a letter to the SMA informing us of your retirement date.

Click here for information on the Retention Fund

Insurance

All of our insurance plans require you to be an SMA member.

  • Life Insurance: Existing coverage is not affected when you retire, but you cannot apply for more life insurance if you are no longer in active practice or if you are over the age of 65. Coverage ceases at age 72.
  • Disability Insurance: Ceases upon retirement or at age 70 (whichever comes first).  You cannot apply for coverage after age 65.
  • Accidental Death and Dismemberment: This is a standalone plan so coverage is not affected by retirement.  You cannot apply for coverage after age 69.  Your coverage ceases at age 75.
  • Office Overhead: Ceases upon retirement or at age 70 (whichever comes first)
  • Medical and Dental: Ceases upon retirement and/or age 70 for both the physician and employees (if a physician is the employer).
  • Home Insurance: Not affected by retirement.
  • Medical Office Benefit Package: Ceases upon physician/employer retirement

Physicians should consult their financial advisor regarding their entire insurance portfolio when considering retirement.

SMA Physician Announcement Cards

If you would like to let your colleagues know that you are retiring, we can help. 

The SMA provides an announcement card service for physicians who are retiring. You are able to share this message with your colleagues and patients. 

There is a cost associated with this service for printing and postage. Please contact sma@sma.sk.ca for more information.