State Group Life Insurance Annual Premium Update
Each year, State Group Life Insurance premiums are updated on April 1. For University Staff (paid bi-weekly), the premium update will be reflected on the March 28, 2019 paycheck. For Faculty/Academic Staff/Limited Appointees (paid monthly), the premium update will be reflected on the April 1, 2019 paycheck.
Current enrollees in the State Group Life insurance program can review their updated premiums at this link: State Group Life Premium Notice. Additionally, current enrollees in the program were sent an email with a link to this customized web page.
State Group Life Insurance premium and coverage levels are based on:
- An employee’s highest calendar year of eligible earnings
- An employee’s age as of April 1 each year
- The coverage level the employee has elected
Employees who have changed age categories, or have had a salary change since April 1, 2018, will have a premium change effective April 1, 2019.
Effective April 1, 2019, in addition to the annual premium update, there is also a premium increase for the first time in many years. Whether or not an employee will experience a premium increase will depend on his/her age.
Employees in higher age ranges may have a slight premium increase. Employees in lower age ranges may not see an increase at all. View State Group Life insurance premiums and age ranges. Please note the premiums for spouse and dependent coverage are not changing.
The premium increase was approved by the Group Insurance Board which oversees the administration of the State Group Life insurance program.
For general information about the State Group Life insurance plan, visit the State Group Insurance plan page or visit ALEX. If you have questions about the premium update or increase, contact your human resources office.
Source: UW Service Center