Updated Income Continuation Insurance Premiums Effective February 1, 2019
Income Continuation Insurance (ICI) premiums are updated annually on February 1. Updated premiums for University Staff (paid bi-weekly) will be reflected on the February 14, 2019 paycheck. Updated ICI premiums for Faculty/Academic Staff/Limited Appointees (paid monthly) will be reflected on the March 1, 2019 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 18 directing them to this customized web page.
Several factors determine your premium amount:
- For University Staff: the ICI premium is based on 2018 earnings reported to the Wisconsin Retirement System (WRS), sick leave balance/usage as of December 22, 2018 and current ICI category.
- For Faculty/Academic Staff/Limited Appointees: the ICI premium is based on 2018 WRS-reported earnings and the selected ICI elimination period.
Please note: The ICI annual premium update effective February 1 is based on 2018 earnings and does not reflect any enrollments made during the ICI Deferred Enrollment period which began in January and ends March 1, 2019. Employees who are eligible to participate in the ICI Deferred Enrollment period received notification about their opportunity via an email sent January 19.
Source: UW Service Center