You may be eligible to participate in the annual Income Continuation Insurance (ICI) Deferred Enrollment opportunity now through March 1, 2021. ICI is an ‘income replacement’ benefit that replaces up to 75% of your gross salary if you are unable to work due to a short or long-term disability. Employees who are eligible to participate in the ICI Deferred Enrollment opportunity were notified by email on January 16.
Eligibility
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- If you are currently enrolled in the ICI plan and have Standard ICI coverage, you may be eligible to enroll in Supplemental ICI coverage during the ICI Deferred Enrollment opportunity.
- If you are not currently enrolled in the ICI plan, you may be eligible to enroll during the ICI Deferred Enrollment opportunity. This is the only time during the year you may enroll in the ICI plan without evidence of insurability.
How are ICI Coverage and Premiums Determined?
ICI coverage and premiums are based in part on your eligible earnings.* For University Staff employees, your sick leave balance* is also a factor in determining premiums. For Faculty, Academic Staff and Limited Appointees, the elimination period you elected is an additional factor in determining premiums.
*If you were placed on an intermittent furlough, temporary work reduction, consecutive day furlough or were on an unpaid leave of absence during 2020, review your ICI employee web page for information on how your premium may be affected.
ICI Benefits
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- Standard ICI pays up to 75% of your salary to a maximum benefit of $4,000/month (based on a maximum salary of up to $64,000 per year).
- Supplemental ICI pays up to 75% of your salary to a maximum benefit of $7,500/month (based on a maximum salary of up to $120,000 per year).
For More Information or to Enroll in ICI during the Deferred Enrollment Period
Review the UW System Employee Benefits ICI web page or visit ALEX.
To enroll during the ICI Deferred Enrollment Period, submit an application to your human resources office by 4:30 p.m. on Monday, March 1, 2021.
If you have questions after reviewing the available information, contact Human Resources at (920) 465-2390 or payrollandbenefits@uwgb.edu.
Source: UW System Human Resources