State Group Life Insurance premium rates will increase for most age categories effective April 1, 2024. Premium rates for Spouse and Dependent coverage will decrease slightly.
View Your Updated Premium
Employees who are currently enrolled in the State Group Life Insurance Program can view their updated 2024 premium in their Personalized State Group Life Insurance Premium Notice. Changes in premium will be reflected on the April 4, 2024, paycheck.
Annual Premium Update
In addition to the premium rate increase, your State Group Life Insurance premium may also change effective April 1, 2024, if either or both your age category and salary have changed since April 1, 2023. Coverage levels are based on:
- Your highest calendar year of eligible earnings,
- Your age as of April 1 each year, and
- Your elected coverage level(s).
The Universities of Wisconsin contribute towards the cost of your State Group Life Insurance Basic and Supplemental Insurance coverage. You pay the full cost of Additional, Spouse and Dependent coverage.
Questions
Review the State Group Life Insurance web page and Benefits Premiums web page for more information. If you have questions after reviewing the web pages, reach out to your benefits contact.
Source: Universities of Wisconsin Office of Human Resources