State Group Health and State Group Life Insurance Premium Holiday
November 12, 2010
UW employees that are enrolled in State Group Health (SGH) and/or State Group Life (SGL) insurance will not have a premium deduction taken from their November earnings for either of these plans.
Employees currently pay SGH and SGL insurance premiums two months in advance of coverage. Beginning with coverage for January 2011, the premiums will be paid one month in advance of the coverage month. During the transition period, employees will not have SGH and SGL premium deductions for one month this is considered a premium holiday. Normal payroll deductions will resume after the one-month premium holiday.
The one-month premium holiday applies to SGH and SGL premium deductions only. All other benefit premium deductions will still be taken from your November earnings.
The following paychecks will be affected:
Classified employees (those paid bi-weekly): No SGH insurance deduction on the November 18, 2010 paycheck, and no SGL insurance deduction on the December 2, 2010 paycheck.
Unclassified employees (those paid monthly): No SGH or SGL insurance deductions from the December 1, 2010 paycheck.
Your earnings statement during the premium holiday: On your earnings statement(s) affected by the premium holiday, you will not see the monthly amount you pay for SGH or SGL. If enrolled in SGH insurance, you will see the statement "HLTH PREM HOL" instead of the name of your health plan, and the word "YES" instead of the monthly premium.
If enrolled in SGL insurance, you will see the statement "LIFE PREM HOL" instead of the name(s) of the SGL levels in which you are enrolled, and the word "YES" instead of the monthly premium.
For additional information, see the Premium Holiday FAQ or contact your benefits office.
Source: UW System Administration
Categories: Insurance