Income Continuation Insurance Annual Premium Update
February 15, 2016
Each year Income Continuation Insurance (ICI) premiums are updated on February 1. For University Staff (paid bi-weekly), the premium update will be reflected on the February 18, 2016 paycheck. For Faculty/Academic Staff/Limited Appointees (paid monthly), the premium update will be reflected on the March 1, 2016 paycheck.
For 2016, ICI premium rates are increasing 20% as approved by the State of Wisconsin Group Insurance Board (GIB). Not all employees will have a 20% increase. Current participants’ 2016 premium update will depend on many factors including:
If you are currently enrolled in the ICI program, you may see your updated 2016 ICI premium, here: ICI Premium Notice. Current enrollees were also sent an email directing them to this customized web page.
Please note: The February 1 effective ICI annual update does not reflect any enrollments made during the ICI Deferred Enrollment period which began in January and ends March 1, 2016. Employees who are eligible to participate in the ICI Deferred Enrollment period received notification about their opportunity in late January.
For a full list of ICI premiums and more information about the plan, visit the ICI plan page. If you have questions, contact your institution’s benefits office.
Source: UW Service Center
Categories: Insurance