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Employers

Employer Bulletin

State Agencies
Vol. 16, State E
September 21, 1999

Employe Reimbursement Accounts and State Group Life Insurance

Employe Reimbursement Accounts (ERA)

No Change in ERA Administrative Fees in 2000

The administrative fee for the year 2000 Employe Reimbursement Accounts (ERA) Program will remain at $.60 per month for each health insurance contract that has an employer-paid share reported to the Department of Employe Trust Funds (ETF). Agencies should report the total fee (number of contracts x $.60) via the State Health Insurance Summary (ET-1608) form. Even if an agency has no employes enrolled in the medical expense or dependent care reimbursement portions of the ERA program, the agency is still responsible for its share of ERA administrative costs. For most state agencies, employer FICA savings due to pre-tax funding of premiums, which remain in agency fringe benefit lines, will more than offset ERA fees.

For more information about this fee structure, contact Marcia Blumer at (608) 266-2640. If you have questions about reporting and transmitting the fee with the State Health Insurance Summary (ET-1608) form, contact Ron Diehl, Division of Employer Services at (608) 266-2737.

ERA Open Enrollment

October 4 – November 5, 1999

Open enrollment for the ERA program for the 2000 plan year is set for October 4 to November 5, 1999. All eligible employes who wish to participate in the Medical Expense and/or Dependent Care Reimbursement Accounts in 2000 must have their enrollment forms postmarked by November 5.

ERA enrollment is via paper form only. Each state agency will receive a supply of booklets and enrollment forms by mid-September. The booklet may also be found on the ETF web page at http://badger.state.wi.us/agencies/etf. For more information about the ERA program, contact Marcia Blumer, (608) 266-2640. If you need more ERA enrollment booklets or forms, call Bill Aye, Fringe Benefits Management Company Client Liaison, (608) 829-0435.

State Group Life Insurance

No Change in Life Insurance Rates for State Employes in 2000

The Group Insurance Board recently approved keeping 2000 premium rates the same as they were for 1999. The employer share of premiums will remain at 63% of employe premiums for basic coverage and 35% of employe premiums for supplemental coverage. Spouse and dependent coverage remains unchanged at $2.00 per unit of coverage.

The rates for State employes are as follows:

Basic & Supplemental Insurance

Age

Rate/$1,000

Under 30

$.05

30-34

.05

35-39

.05

40-44

.09

45-49

.13

50-54

.20

55-59

.36

60-64

.44

65-69

.59

Additional Insurance

Age

Rate/$1,000

Under 30

$.06

30-34

.07

35-39

.07

40-44

.12

45-49

.18

50-54

.27

55-59

.48

60-64

.59

65-69

.80

Over Age 70 Additional Insurance

Age

Rate/$1,000

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, contact Marcia Blumer at (608) 266-2640. If you have questions about reporting life insurance premiums to ETF, contact Marty Morin at (608) 264-6637.

 

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