State Group Life Insurance Annual Premium Update
March 16, 2020
Each year, State Group Life Insurance premiums are updated on April 1. For University Staff and Academic Staff non-exempt employees (paid bi-weekly), the premium update will be reflected on the April 9, 2020 paycheck. For Faculty/Academic Staff/Limited Appointees (paid monthly), the premium update will be reflected on the April 1, 2020 paycheck.
Current enrollees in the State Group Life insurance program can review their updated premiums at: State Group Life Premium Notice. Current enrollees were sent an email March 13 with a link to this customized web page.
State Group Life Insurance premium and coverage levels are based on:
Employees who have changed age categories, or have had a salary change since April 1, 2019, will have a premium change effective April 1, 2020.
Premium Increase
Effective April 1, 2020, in addition to the annual premium update, State Group Life Insurance premiums will increase for most age categories. Premiums for spouse and dependent coverage will decrease slightly. Review the 2020 State Group Life Insurance premiums.
The UW System contributes towards a portion of the cost of your State Group Life Basic and Supplemental Insurance coverage. You pay the full cost of Additional, Spouse and Dependent coverage.
The benefit premium changes were approved by the Group Insurance Board which oversees the administration of the State Group Life Insurance program.
Questions?
For general information about the State Group Life insurance plan, visit the State Group Life Insurance plan page or visit ALEX. If you have questions about the premium update or increase, contact your human resources office.
Source: UW System Human Resources
Categories: Insurance