Income Continuation Insurance Annual Premium Update
Each year Income Continuation Insurance (ICI) premiums are updated on February 1. For University Staff (paid bi-weekly), the premium update will be reflected on the February 16, 2017 paycheck. For Faculty/Academic Staff/Limited Appointees (paid monthly), the premium update will be reflected on the March 1, 2017 paycheck.
Current participants’ 2017 premium update will depend on many factors including:
- University Staff: the ICI premium is based on 2016 earnings reported to the Wisconsin Retirement System (WRS) and sick leave balance/usage as of 12/24/2016 and current category.
- Faculty/Academic Staff/Limited Appointees: the ICI premium is based on 2016 WRS-reported earnings and the selected elimination period.
If you are currently enrolled in the ICI program, you may see your updated 2017 ICI premium, here: ICI Premium Notice. Current enrollees were also sent an email Friday, February 10 directing them to this customized web page.
Please note: The ICI annual premium update effective February 1 is based on 2016 earnings and does not reflect any enrollments made during the ICI Deferred Enrollment period which began in January and ends March 1, 2017. Employees who are eligible to participate in the ICI Deferred Enrollment period received notification about their opportunity in late January.
Source: UW Service Center