Income Continuation Insurance

The Income Continuation Insurance (ICI) benefit, administered through the Wisconsin Retirement System, is an “income replacement” benefit payable if you become disabled and cannot work for a period of time due to a non-work-related injury or pregnancy. The benefit provides up to 75% of your average monthly earnings based on your previous calendar year earnings up to a maximum of $4,000 per month. (For employees whose annual salary exceeds $64,000, supplemental coverage can be purchased for an additional premium. See Leah Kimmell for these premium rates). 

New employees have a 30-day open enrollment period upon hire. After your open enrollment period, you can only enroll at a later date if you're deemed medically insurable. Rates are based on your annual salary and "elimination period" (the number of calendar days in which you must be completely off work before your payments begin). Employees have a choice of 30-day, 60-day, 90-day, 120-day, or 180-day elimination periods. Following is an example of premiums for each elimination period for an employee earning $30,000 per year. To calculate your premium, replace "$30,000" in each formula with your annual salary (up to $64,000):

  • 30-day elimination period: $30,000 / 12 x 0.0075 = $18.75 per month
  • 60-day elimination period: $30,000 / 12 x 0.00525 = $13.13 per month
  • 90-day elimination period: $30,000 / 12 x 0.00375 = $9.38 per month
  • 120-day elimination period: $30,000 / 12 x 0.00225 = $5.63 per month
  • 180-day elimination period: free for employee

While the above are the official rates for this program, there has been a premium holiday on the program for many years now because the program is fully-funded without having to charge premiums.  The determination on whether premiums are charged is made on an annual basis.