2019 Insurance Premium Deductions
December 14, 2018
This article indicates when your UW paycheck will reflect your 2019 premium costs for your 2019 benefits. It also indicates when your paycheck will reflect your 2019 Flexible Spending Account (FSA) and/or Health Savings Account (HSA) contributions.
Health, Dental and Vision Insurance Premiums
Insurance premiums for 2019 coverage were reflected on the paycheck dated December 20, 2018 for employees paid biweekly and January 2, 2019 for employees paid monthly.
State Group Health Insurance program premiums for most employees are not changing. Crafts workers and employees paying less-than-full-time rates may see a slight increase to their premium costs.
Flexible Spending Account (FSA) and Health Savings Account (HSA) Contributions
If you enrolled in a Flexible Spending Account (FSA) and/or Health Savings Account (HSA) for 2019, the first contribution was on the January 3, 2019 paycheck for employees paid biweekly and on the January 2, 2019 paycheck for employees paid monthly.
Note: For the FSA, the funds may be used prior to being in your account; however, for the HSA, the funds must be in your account prior to being used.
Individual & Family Life Insurance and UW Employees, Inc. Life Insurance Premiums
Employees that will be in a new premium age category as of January 1, 2019, saw their premium change on the paycheck dated December 20, 2018 (employees paid bi-weekly) and January 2, 2019 (employees paid monthly). Premium changes that occur due to coverage level increases during the Individual & Family Life Insurance Annual Increase Option period also began on these paychecks.
Accidental Death & Dismemberment (AD&D) Insurance Premiums
Employees that will be in a new premium age category as of January 1, 2019, saw their premium change on the paycheck dated December 20, 2018 (employees paid bi-weekly) and January 2, 2019 (employees paid monthly). All other employees saw a slight increase to their AD&D premium costs on these paychecks.
Income Continuation Insurance Premiums
The Income Continuation Insurance (ICI) premium will increase by 20%, effective February 1, 2019. Employees will see the premium increase on the paycheck dated February 14, 2019 (employees paid bi-weekly) and March 1, 2019 (employees paid monthly).
Wisconsin Retirement System (WRS) Contributions: Employee and Employer Contribution Rates
The Wisconsin Retirement System (WRS) employee and employer contribution rates for 2019 will decrease slightly for most employees. The employer and employee contribution rates will decrease 0.15% from 6.7% to 6.55% for a total decrease of 0.3%. This includes protective employees with Social Security.
Decreases occurred on the January 3, 2019 paycheck for employees paid biweekly and on the January 2, 2019 paycheck for employees paid monthly.
Source: UW System Human Resources
Categories: Payroll