HR, Payroll and Benefits News

Updated ICI Premiums Effective Feb. 1, 2022
January 25, 2022

Income Continuation Insurance (ICI) premiums are reviewed annually, and any updates are effective February 1. Premium changes for 2022 will be reflected on the February 24, 2022, paycheck.

If you are currently enrolled in the ICI program, visit the ICI Premium Notice web page for your personalized updated premium amount. Current enrollees were sent an email January 25 with a link to this web page.

Several factors determine your premium amount:

Your Earnings

• For Faculty/Academic Staff/Limited Appointees: ICI premium* is based on your 2021 eligible earnings and the elimination period you elected when you enrolled.
• For University Staff: ICI premium* is based on your 2021 eligible earnings and unused sick leave balance as of December 18, 2021.
  
  *If you were placed on an intermittent furlough, temporary work reduction, consecutive day furlough or were on an unpaid leave of absence during 2021, review ICI Premium Notice web page for information on how your premium may be affected.

Premium Rates

For 2022 the ICI premium rates will decrease by 50%.

Deferred Enrollment Period

The ICI annual premium update does not reflect any enrollment made during the ICI Deferred Enrollment period which began in January and ends March 1, 2022. Employees who are eligible to participate in the ICI Deferred Enrollment period received notification about their opportunity via an email sent January 15.

ICI Benefits

ICI provides replacement income if you are unable to work due to a short or long-term disability.

• Standard ICI coverage provides you with 75% of your gross salary up to a maximum of $4,000 per month (75% of $64,000). Standard ICI coverage is on annual earnings up to $64,000.
• Supplemental ICI coverage provides 75% of your gross salary to a maximum of $7,500 per month (75% of $120,000). Supplemental ICI coverage is on annual earnings up to $120,000.

More Information

For ICI plan information visit the UW System Employee Benefits ICI web page. After reviewing the web page, if you have additional questions, contact your institution benefits contact.

Source: UW System Human Resources
Categories: Insurance