University Insurance Association (UIA) Life Insurance Annual Premium to Change January 1, 2023
September 12, 2022
The annual premium for the University Insurance Association (UIA) Life Insurance plan will increase from $24.00 to $38.40 effective January 1, 2023. The increase, approved by the UIA Board, will maintain the financial integrity and benefit coverage levels of the plan. This is the first premium increase to the UIA plan since 1967.
The UIA plan provides decreasing term life insurance to eligible Faculty, Academic Staff and Limited Appointees. Employees who meet the minimum monthly salary threshold on January 1 are automatically enrolled in the plan. For the 2023 plan year the minimum monthly salary threshold is $2,952.
If you have questions after reviewing the available information, contact your institution benefits contact.
Source: UW System Human Resources
Categories: HRS Outage