2013 Insurance Premium and WRS Contribution Rates
December 7, 2012
Benefit changes made during the Annual Benefit Enrollment period and premiums for 2013 coverage will be reflected on your check dated December 13th for classified employees (paid bi-weekly) and January 2nd for unclassified employees (paid monthly). Premiums will increase for health insurance, Dental Wisconsin and EPIC Benefits+. There will be no change to VSP Vision Insurance premiums. 2013 insurance premiums are available online at: http://uwservice.wisc.edu/premiums/.
Your benefit summary is available online. Log in to the My UW System portal (UW-Madison users should log into My UW and click the Work Record tab) and click on the "View Benefits Summary Detail" link in the Benefit Information box to see your benefit summary. Once you see your benefit summary, enter "01/01/2013" in the date field above the summary and click "Go" to see your 2013 elections. Note - if you enrolled in the Employee Reimbursement Account (ERA) program for 2013, you will not see your 2013 election amount in the benefit summary until late December. Your 2012 ERA election will be displayed in the benefit summary until the 2013 ERA elections are loaded to the payroll system.
Premiums for Individual and Family Life Insurance and UW Employees, Inc. Life Insurance are based on your age as of January 1st of the year. If you move into a new premium age category as of January 1, 2013, your premium will increase on the check payable December 13th for classified employees and January 2nd for unclassified employees. Any premium change due to coverage level increases made during the Individual and Family Annual Increase Option period will also begin on these checks.
If you enrolled in the ERA program for 2013, your first deduction associated with your 2013 election will be on the first check payable in 2013 - January 2nd for unclassified employees and January 10th for classified employees.
The Wisconsin Retirement System (WRS) employee contribution rate for 2013 will increase from 5.9% to 6.65% for all employees except those covered by the Executive WRS category. This change will also occur on the first check payable in 2013.
Source: UW System Administration
Categories: WI Retirement System (WRS)