Individual & Family Life Insurance Enrollees can Increase Coverage, October 5 – 30, 2015
October 20, 2015
If you are a currently enrolled in the Individual and Family Life Insurance plan, you have an annual option to increase your coverage during the Annual Increase Option Period (AIO) from October 5 – 30, 2015.
Actions that May be Taken during the Annual Increase Option Period
During the AIO period, you may elect to increase current coverage by the following amounts:
Review 2016 maximum coverage before making your increase election:
Remember: Spouse/domestic partner or child life insurance coverage may not exceed your total (employee amount) coverage.
To Review Your Current Coverage and Determine Your Premium
Use the Individual and Family Annual Increase Calculator at https://uwservice.wisconsin.edu/indfam-increase-calculator/ to see your current coverage level and determine your premium for 2016 if you elect to increase coverage.
Application Information and Deadline
If you wish to increase your coverage, submit a paper Annual Increase Option form (UWS 1310): https://www.wisconsin.edu/abe/download/life%282%29/aio.pdf to benefits@ohr.wisc.edu.
If your department is offering online enrollment, you may submit your election online. Access eBenefits via the MyUW portal (http://my.wisc.edu/). Go to the Benefits Information module and click on the Open Enrollment link.
All elections to increase coverage must be submitted online or received by your benefits office by 4:30 p.m. on October 30, 2015. The increased coverage level will be effective January 1, 2016 (new premium deducted from December earnings).
Decreasing or canceling coverage
If you plan to decrease or cancel your coverage, you must complete a paper application: https://www.wisconsin.edu/ohrwd/benefits/download/life/if/app.pdf. Applications to decrease or cancel coverage may be submitted at any time during the year. Coverage decreases or cancellations are effective the first of the month following the receipt of the application.
Plan Certificate
All of the plan provisions of the group insurance policy are outlined in the certificate. See the certificate at: https://www.wisconsin.edu/ohrwd/benefits/download/life/if/cert.pdf.
For More Information
For More Information go to http://www.wisconsin.edu/abe/life/for more information about the Individual and Family Life insurance plan. If you have any questions, please contact your benefits@ohr.wisc.edu.
Source: UW Service Center
Categories: Annual Benefits Enrollment (ABE), Insurance