HR, Payroll and Benefits News

Income Continuation Insurance (ICI) Deferred Enrollment and Annual Update January 2013
January 23, 2013

Income Continuation Insurance (ICI) is an insurance plan which provides up to 75% of your previous calendar year salary as replacement income when you are unable to work due to a short or long term disability. Standard ICI pays 75% of your salary up to a maximum of $4,000/month. If your prior year's salary is $64,000 or more, you may elect the Supplemental ICI which pays 75% of your salary up to a maximum of $7,500/month.

Deferred Enrollment

If you are currently not enrolled in ICI, you may have an enrollment opportunity. If you're eligible, you will be given individual notice of any deferred enrollment options for ICI in late January. You must complete an Income Continuation Insurance Application (ET-2307) and return it to your payroll/personnel office on or before January 30th, 2013. ICI coverage elected through deferred enrollment will be effective April 1, 2013.

Deferred enrollment is offered in the following situations:

• You're a classified employee and your prior year-end sick leave balance exceeds 520 or 728 hours for the first time.
• You're a classified employee and accumulated at least 80 hours of sick leave (prorated for part-time employment) for the first time in the prior calendar year.*
• You're either a Classified or Unclassified employees and your prior year end sick leave balance exceeds 1040 hours.
• If you're already enrolled in ICI and your 2012 WRS earnings were at least $64,000, you are eligible to enroll in Supplemental ICI coverage.

*The calendar year period is from the 2011 December 'C' payroll through the 2012 December 'C' payroll.

Annual Update

Each year there is review of all classified employees' earnings and leave usage to determine your Income Continuation Insurance (ICI) premium for the year.

For classified employees (paid bi-weekly), the ICI premium is based on last year's earnings reported to the Wisconsin Retirement System (WRS) and the employee's sick leave balance and usage as of the end of the 12C 2012 payroll (pay period ended 12/29/2012). For unclassified employees (paid monthly), the ICI premium is based on last year's WRS-reported earnings and the selected elimination period.

For more information about the ICI program, see the recently updated ICI plan brochure. Please check with your payroll representative if you have any questions.

Source: UW System Administration
Categories: Income Continuation Insurance (ICI)