Today, the Group Insurance Board approved the selection of Total Administrative Services Corporation (TASC) to administer the pre-tax savings accounts for eligible state employees and retirees.
ETF Budget and Management Director Tarna Hunter recaps three bills passed by the State Senate and Assembly that affect ETF and the benefit programs it administers, after the Legislature concluded the 2023-2024 Regular Session in March 2024.
Effective Jan. 1, 2024, administrative fees paid by participants of the Wisconsin Deferred Compensation Program (WDC) will decrease by an average of 40% as recently approved by the Deferred Compensation Board.
High Deductible Health Plans (HDHPs) usually have lower monthly premiums than plans with lower deductibles. By using the untaxed funds in your Health Savings Account (HSA) to pay for expenses before you reach your deductible, you reduce your overall healthcare costs.
There are three types of expenses associated with an HDHP: deductible, coinsurance, and out-of-pocket limit. These may work differently than you expect if you haven't had an HDHP before.
Program Option
State Employee and Retiree Health Plan & Supplemental Benefits
This paper provides comparative data on rates of early retirement among WRS members. Early retirement from the WRS is when a member retires within the window between their minimum retirement age and their statutory normal retirement date.
