HR, Payroll and Benefits News

Summer Prepay Insurance Premium Deductions
February 12, 2024

Summer prepay insurance premiums are deducted from spring paychecks to cover the cost of continuing insurance coverage through the summer months (i.e. contract break) and are in addition to regular biweekly insurance premium deductions.

Faculty, academic staff, limited appointees, student assistants, and employees-in-training will have summer prepay insurance premium deductions if:

• Their academic (9 month) or annual (12 month) contract does not include work during one or more summer months; and
• They are expected to return to benefits eligible employment on or before the start of the fall semester; and
• They are eligible to maintain insurance coverage through the summer months.

The summer prepay insurance premium deductions occur on the first two pay checks of the month in March, April, and May. Employees scheduled to have summer prepay deductions will receive monthly emails with estimated prepay deduction amounts.

Review the Universities of Wisconsin Employee Benefits Summer Prepay Insurance Premiums web page for information on:

• Which insurance plans have summer prepay deductions.
• The summer prepay deduction timeline.
• How life events (employment or family status changes) may affect deductions.

If you have questions after reviewing the web page, reach out to your benefits contact.

Source: Universities of Wisconsin Office of Human Resources
Categories: Insurance