Summer Prepay Insurance Premium Deductions

Summer Prepay premiums are deducted from spring paychecks to maintain insurance coverage between academic years for employees who do not work one or more months during the summer (contract break) and are expected to return in the fall.

Summer prepay deductions are in addition to regular insurance premium deductions. Employees will receive monthly emails with the estimated summer prepay deduction amounts.Faculty, academic staff, limited appointees, student assistants and employees-in-training enrolled in State Group Health and other insurance programs will have summer prepay deductions if:

  • Their academic (9 month) or annual (12 month) contract does not include work during one or more summer months; and
  • They are expected to return to benefits eligible employment on or before the start of the fall semester; and
  • They are eligible to maintain insurance coverage through the summer months.

For detailed information on which plans summer prepays are deducted, the deduction timeline and how life events (employment or family status changes) could affect deductions, review:

If you have questions, please contact payrollandbenefits@uwgb.edu.

Source: UW System Human Resources

WRS Webinars in April

ETF is offering a series of 30-minute, live, interactive webinars designed to increase your understanding of Wisconsin Retirement System benefits.  Individuals can also ask questions at the end of these sessions. To avoid connectivity issues during webinars, we highly recommend using Google Chrome as your web browser.

Annuity Options

When you get your retirement estimate, you’ll see that there are many options for receiving your retirement benefit. You can choose to receive the payment for your life or extend it beyond your life to your loved ones. The choice is yours. We’ll discuss how each option impacts the size of your payment and affects your loved ones.

By the end of this webinar, you will be able to:

  • Define and explain annuity, annuitant, beneficiary and named survivor.
  • Compare the different annuity options.
  • Find resources with more information.
  • Identify the next steps for you to choose an annuity option.

Mon, April 4, 2022 1:00 pm – 1:30 pm
Wed, April 13, 2022 6:00 pm – 6:30 pm
Tue, April 26, 2022 11:00 am – 11:30 am

To register, go to: https://attendee.gotowebinar.com/rt/6609437492980238605

WRS Effective Rates and Annuity Adjustments

Each year you may see changes to the amount of your retirement payment. We’ll discuss why and how these changes happen.

By the end of this webinar, you will be able to:

  • Define WRS effective rate and annuity adjustment.
  • Explain how the Core Trust Fund and Variable Trust Fund effective rates are calculated.
  • Explain how the Core Trust Fund and Variable Trust Fund annuity adjustments are calculated.

Wed, April 6, 2022, 6:00 pm – 6:30 pm
Mon, April 11, 2022 11:00 am – 11:30 am
Thu, April 21, 2022, 1:00 pm – 1:30 pm

To register, go to: https://attendee.gotowebinar.com/rt/3882971913329974283

Understanding Your Statement of Benefits

Your annual Statement of Benefits shows you the current state of your WRS account. Not sure about something on your statement? Watch this webinar with your statement in hand. We’ll walk you through each section.

By the end of the webinar, you will be able to:

  • Explain the purpose of the Statement of Benefits (ET-7365).
  • Analyze the sections of your Statement of Benefits.
  • Interpret your retirement benefit calculations.
  • Find resources for more information.

Tue, April 12, 2022 1:00 pm – 1:30 pm
Wed, April 20, 2022 11:00 am – 11:30 am
Thu, April 28, 2022 6:00 pm – 6:30 pm

To register, go to: https://attendee.gotowebinar.com/rt/2004521169178462732

Preparing for Your Retirement

Planning to retire in the next 5 years? Then this webinar is for you. Learn about your WRS benefits and the retirement process.

By the end of this webinar, you will be able to:

  • Explain how the WRS retirement benefit works.
  • Recognize eligibility and prepare to apply for benefits.
  • Identify the different types of annuity options.
  • Prepare for health and life insurance changes in retirement.
  • Find additional resources.

Thu, April 14, 2022 1:00 pm – 2:00 pm
Tue, April 26, 2022 6:00 pm – 7:00 pm
Tue, May 12, 2022 11:00 am – 12:00 pm
Wed, May 25, 2022 6:00 pm – 7:00 pm
Wed, June 15, 2022 1:00 pm – 2:00 pm
Tue, June 28, 2022 6:00 pm – 7:00 pm

To register, go to: https://attendee.gotowebinar.com/rt/2592441029449835020

1095-C Forms Available Online

Electronic 2021 Form 1095-C are now available in the MyUW portal. Paper copies are mailed to all employees except those who chose to receive an electronic only 1095-C by January 18, 2022. Employees received a paper copy of the W-2 Form via U.S. mail postmarked by March 2, 2022.

Form 1095-C resources:

Form 1095-C is provided to all employees who were full-time, as defined by the Affordable Care Act (ACA), for all or some months of 2021. Employees should retain Form 1095-C with their tax records.

Your dependents will not be listed on the 1095-C. A 1095-B, that will list your dependents, can be requested directly from your health insurance carrier.  More information regarding Form 1095-C and the ACA is available on the Affordable Care Act web page.

If you have questions, please contact serviceoperations@uwss.wisconsin.edu.

Source: UW-Shared Services, Service Operations

Deadline for 2021 FSA claims is March 31st

March 31, 2022 is the deadline to submit and substantiate your 2021 Flexible Spending Account (FSA) claims. To be reimbursed for out-of-pocket health care and dependent day care expenses from your 2021 FSA, you must have incurred eligible expenses by December 31, 2021.

An FSA allows you to be reimbursed for certain out-of-pocket expenses with tax-free dollars. Since these are spending accounts, the money is intended to be spent. Below are the eligible expense lists.

How to Submit Eligible Expenses for Reimbursement

The most efficient way to submit your eligible expenses for reimbursement is electronically by using Optum Financial’s mobile app or website.

Include the required IRS supporting documentation with your submission. Optum Financial will contact you directly when additional information is needed. Remember, all claims must be submitted and substantiated by March 31, 2022.

Carryover Reminders

  • Healthcare FSA: Up to $550 of unused funds will carry over from 2021 to 2022 on/after April 15, 2022. This applies even if you did not enroll in a Healthcare FSA for 2022. Unused funds greater than $550 will be forfeited.
  • Dependent Day Care Account: There is no carry over from 2021 to 2022. Unused funds will be forfeited.

For questions about your claims, eligible expenses, or your payment card, contact Optum Financial at (833) 881-8158.

For general information, review the UW System Employee Benefits FSA web page.

Source: UW System Human Resources

Onsite Health Screening

Time to register for your onsite health screening!

A free health screening* event has been scheduled for employees (and spouses) who are enrolled in the State of Wisconsin Group Health Insurance Program.

At an onsite screening, you’ll learn your measurements for blood pressure, body mass index (BMI), cholesterol (HDL, LDL and total), triglycerides and glucose, and be in and out in 20 minutes. Register today!

  • DATE:  Wednesday, April 6, 2022 or Thursday, September 22, 2022
  • TIME:  9:00 am to 2:00 pm
  • LOCATION:  University Union, Phoenix Rooms, Green Bay campus

Please register at webmdhealth.com/wellwisconsin by clicking Benefits, and then Get Started on the Biometric Screening card.

Earn your $150 Well Wisconsin Incentive

Complete three activities by October 14, 2022 to earn the $150 Well Wisconsin incentive.

  1. Get a health screening or complete another health check option (ex. dental exam or coaching session).
  2. Complete the health assessment at webmdhealth.com/wellwisconsin – it takes about 10 minutes and is mobile and tablet friendly!
  3. Complete a well-being activity (ex. complete a challenge, listen to two 30 minute pod casts, etc.).

For more information on the Well Wisconsin Program or to complete your activities, log in to webmdhealth.com/wellwisconsin­­.

*The Well Wisconsin incentive program is a voluntary program available to employees, retirees and spouses enrolled in the State of Wisconsin Group Health Insurance Program, excluding Medicare Advantage participants who have incentives available through their health plan. The Well Wisconsin incentive will automatically be issued to eligible participants upon completing the applicable activities. All wellness incentives paid to participants are considered taxable income to the group health plan subscriber and are reported to their employer, who will issue a W2. In some cases, the Wisconsin Retirement System acts as the employer. Retirees, continuants and their spouses will have some taxes withheld from the incentive amount earned.

WRS Webinars in March

ETF is offering a series of 30-minute, live, interactive webinars designed to increase your understanding of Wisconsin Retirement System benefits.  Individuals can also ask questions at the end of these sessions. To avoid connectivity issues during webinars, we highly recommend using Google Chrome as your web browser.

Annuity Options

Choosing a WRS annuity option is one of the most important decisions you will face. This webinar will cover all of the WRS annuity options and help you understand them so that you can make an informed decision. We will also explain the important differences between a beneficiary and a named survivor.

  • Thu, Mar 10, 2022 6:00 pm – 6:30 pm
  • Wed, Mar 16, 2022 11:00 am – 11:30 am
  • Tue, Mar 22, 2022 1:00 pm – 1:30 pm

To register, go to: https://attendee.gotowebinar.com/rt/6609437492980238605

WRS Effective Rates and Annuity Adjustments

Each year you may see changes to the amount of your retirement payment. We’ll discuss why and how these changes happen.

By the end of this presentation, you will be able to:

  • Define WRS effective rates and annuity adjustments.
  • Explain how the Core Trust Fund and Variable Trust Fund effective rates are calculated.
  • Explain how the Core Trust Fund and Variable Trust Fund annuity adjustments are calculated.

Tue, Mar 8, 2022 11:00 am – 11:30 am
Thu, Mar 17, 2022 1:00 pm – 1:30 pm
Wed, Mar 30, 2022 6:00 pm – 6:30 pm

To register, go to: https://attendee.gotowebinar.com/rt/3882971913329974283

WRS Retirement Benefit Calculations

Have you requested a retirement estimate? Thinking about it? In this presentation we’ll discuss how we calculate your retirement benefit.

By the end of this presentation, you will be able to:

  • Explain the individual components of the two retirement benefit calculation methods.
  • Describe what affects your WRS retirement benefit for each type of calculation (money purchase and formula).

Wed, Mar 2, 2022 1:00 pm – 1:30 pm
Mon, Mar 14, 2022 6:00 pm – 6:30 pm
Tue, Mar 29, 2022 11:00 am – 11:30 am

To register, go to: https://attendee.gotowebinar.com/rt/8987489829652547083

Preparing for Your Retirement

Planning to retire in the next 1-10 years? Then this webinar is for you.

We’ll discuss:

  • The money you and your employer have put towards your retirement account.
  • How your retirement account grows through investments.
  • When you can retire.
  • Options for receiving your retirement benefit.
  • Rules you must follow if you return to work after retiring.
  • What happens to your account after you die.
  • Changes to your health and life insurance in retirement.

Learn in a way that fits your schedule (workday or evening). Attend this presentation in a live webinar!

To register, go to: https://attendee.gotowebinar.com/rt/2592441029449835020

Thu, Mar 10, 2022 11:00 am – 12:00 pm
Thu, Mar 24, 2022 6:00 pm – 7:00 pm

REGISTER HERE

America Saves Week

SAVE THE DATE! AMERICA SAVES WEEK IS FEBRUARY 21-25

We hope that you’re having a happy and healthy start to the New Year! The America Saves team has hit the ground running and has quite a bit to share with you.

UW System is promoting financial well-being with the America Saves Week campaign February 21-25 with webinars, credit checks, and other resources.

America Saves Week encourages individuals and families to set a goal and make a plan to achieve financial stability.

Check out the UW System America Saves Week Website to have an incredible America Saves Week!

During this week, UW System will feature live webinars, presented by:

UW Credit Union will also offer virtual Credit Checkups.

See you there!

Source: UW System Human Resources

Health Benefits Update: Free COVID-19 Test Kits

Most employees who are enrolled in the state group health insurance can now purchase over-the-counter COVID-19 diagnostic test kits at no cost. Coverage limits and exclusions apply. If you are enrolled in the Group Health Insurance Program and not yet on Medicare, you have coverage for eight (8) individual at-home COVID-19 tests every 30 days. Tests can be purchased from pharmacies, retail locations, or online. Only tests approved by the Federal Food and Drug Administration, or FDA, will be covered.  Please review this webpage for details: https://etf.wi.gov/news/over-counter-covid-19-test-coverage-information.

Here is general information about your health insurance benefits and COVID-19:  https://etf.wi.gov/your-health-benefits-and-covid-19 

Source: Department of Employee Trust Funds