HR, Payroll and Benefits News

Individual & Family Life Insurance Enrollees Can Increase Coverage, September 28 - October 23, 2020

If you are enrolled in the Individual & Family Life Insurance plan as of September 28, 2020, you may increase your coverage during the Annual Increase Option (AIO) period from September 28 - October 23, 2020. Coverage increases are effective January 1, 2021 with new premiums deducted from December earnings.

Making the Decision to Increase Your Coverage
To review your current coverage or your 2021 premiums if you decide to increase your coverage, use the personalized Individual & Family Annual Increase calculator: https://uwservice.wisconsin.edu/indfam-increase-calculator/

You may increase your current coverage during the AIO period by the following amounts:

    • Employee coverage: $5,000; $10,000; $15,000 or $20,000
    • Spouse/Domestic Partner coverage: $5,000 or $10,000
    • Child(ren) coverage: $2,500

As you consider increasing your coverage, note the maximum coverage levels:

    • Employee coverage: $300,000
    • Spouse/Domestic Partner coverage: $150,000
    • Child(ren) coverage: $25,000

Reminder: Spouse/Domestic Partner or Child(ren) life insurance coverage may not exceed your total (employee amount) coverage.

Application Information and Deadline
To increase your coverage during the AIO period, submit your election via Self Service:

  1. Log into the MyUW portal for UW System institutions or for UW-Madison.
  2. Go to the 'Benefit Information' module.
  3. Click on the 'Enroll' link.

You will receive a Confirmation Statement via email after you have submitted your election.

All elections to increase coverage must be submitted online or received by your human resources office by 4:30 p.m. on October 23, 2020. If you mail your Annual Increase Option Form, it must be received by October 23, 2020. For more information: Individual & Family Life insurance.

Decreasing or Canceling Coverage
If you decide to decrease or cancel your coverage, you must complete the Individual & Family Life Insurance application and submit it to your human resources office. It is not possible to decrease or cancel coverage through Self Service. You may decrease or cancel coverage any time during the year. Coverage decreases or cancellations are effective the first of the month following receipt of your application.

Questions?
Visit the Annual Benefits Enrollment website for more information about the Individual & Family Life Insurance plan and other benefits enrollment opportunities available this year. If you have questions after reviewing these resources, contact your human resources office.

Source: UW System Human Resources