The Group Insurance Board today approved mid-year changes to help group insurance program participants adjust to the effects of the COVID-19 pandemic on some pre-tax savings accounts and the Well Wisconsin Program incentive.
The Board approved the following mid-year plan changes for 2020:
- Mid-Year Election Changes – Participants with dependent day care accounts, health care flexible spending accounts, and limited purpose FSAs can make a one-time mid-year election change between July 1, 2020, and September 1, 2020. The Department of Employee Trust Funds and ConnectYourCare will provide additional information to members about this opportunity.
- Carryover Limit Increase – Health Care FSA and Limited Purpose FSA participants can carry over an additional $50 for 2021. The new annual carryover limit for these accounts will be $550.
- New Health Screening Options – Well Wisconsin participants can now complete the health screening requirement with a dental cleaning, one health coaching call with StayWell, or an at-home screening test. These new options are in addition to the biometric health screening or health care provider form. This is intended to help members earn their $150 wellness incentive during the COVID-19 pandemic.
The Department of Employee Trust Funds and the Board’s consulting actuary are continuing to analyze the long-term effects of COVID-19 on the program.
The Board also approved a 30 percent premium increase above the calculated Local Annuitant Health Program renewal rates for plan years 2021 and potentially 2022, based on the findings of a premium rate analysis by ETF and the Board’s consulting actuary. The Board will review and set 2021 premium rates and plan changes at its next regularly scheduled meeting, set for August 19.
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