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Employers

Employer Bulletin

Local Employers
Vol. 18, Local B
February 23, 2001

Life Insurance Rates Remain Unchanged for Group Life Insurance Coverage Effective July 1, 2001

Recent claims experience in the Wisconsin Public Employers Group Life Insurance plan for local government employees has remained relatively stable. As a result, the Group Insurance Board approved a recommendation to continue the 2000 employer and employee premium contribution rates into the year 2001. The spouse and dependent premium will remain at $2.00 per unit of coverage. The rates for local government employees are as follows:

Basic, Supplemental, and Additional

Monthly Premium Rate Per $1,000 of Insurance

Age

Effective 7/1/2001

Under 30

$.05

30-34

.06

35-39

.07

40-44

.10

45-49

.16

50-54

.30

55-59

.48

60-64

.53

65-69

.60


Over Age 70 Additional

Monthly Premium Rate Per $1,000 of Insurance

Age

Effective 7/1/2001

70

$1.25

71

1.50

72

1.75

73

2.00

74

2.25

75

2.50

76

2.75

77

3.05

78

3.40

79

3.75

80

4.15

81

4.60

82

5.10

83

5.60

84

6.15

85

6.75

86

7.40

87

8.10

88

8.80

89

9.60

Contact

For more information on the rate structure of the Group Life Insurance program, please contact Marcia Blumer, Life Insurance Program Manager, at (608) 266-2640 or e-mail marcia.blumer@etf.state.wi.us. If you have questions about reporting life insurance premiums to Minnesota Life Insurance Company (MLIC), contact Kay Herms at MLIC, (608) 277-8690 or e-mail Kathleen.Herms@minnesotamutual.com.

 

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