State Group Life and Income Continuation Insurance Plan Changes Effective January 1, 2016
December 8, 2015
The following changes to the State Group Life Insurance (SGL) and Income Continuation Insurance (ICI) plans are effective January 1, 2016.
Effective January 1, 2016, employees are no longer required to serve six months under the Wisconsin Retirement System (WRS) in order to be eligible for SGL and ICI. The change to the WRS participation requirement is the result of a 2015-17 biennial state budget statutory change.
Important Note: Faculty/Academic Staff/Limited employees (FA/AS/LI) who signed up for ‘regular’ ICI must still wait 12 months before coverage becomes effective, reduced by each month of prior WRS state service. However, the employee may chose ‘early’ ICI coverage and pay the full premium until the WRS participation is met.
Employees who have recently completed or have a pending SGL or ICI applications will be notified by their Benefits office regarding the change in their effective date of coverage and premium deductions.
Employees who became WRS eligible between July 1, 2015 and December 31, 2015 are eligible for SGL coverage effective January 1, 2016 if the application is received by December 30. If the application is received between January 1 and January 31, coverage will be effective on February 1, 2016.
Premiums are deducted:
The SGL coverage effective date for new employees will be the first day of the month following 30 days from the date of hire.
There are also changes to the effective date due to a Life Event or a return from an unpaid leave of absence. See your benefits office for more information.
Effective January 1, 2016, SGL coverage terminates at the end of the month in which employment ends. Eligibility for continuation of coverage has not changed.
Source: UW Service Center
Categories: Insurance, Employee Reimbursement Account, Supplemental Retirement Program