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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