infant sleeping

The Group Insurance Board recently approved life insurance premium rates for all state and local government employees who participate in the State of Wisconsin Group Life Insurance program.

Local government employees: Effective July 1, premium rates will remain at current levels. Spouse and dependent premium rates will decrease from $1.75 to $1.60 per unit of coverage.

State employees: Employee premium rates will increase 5%, effective April 1. On August 19, 2019, the Board adopted a plan that authorized a 5% annual premium increase to the state plan effective April 2020 through 2028. This action was taken with the goal of maintaining and managing the program to a 100% funding level. The premium rates for spouse and dependent coverage will remain the same as the current rate of $2.26 per unit.

For More Information