Life Insurance Rate Change
On the Jan. 26 paychecks, employees will see the Jan. 1, 1998 life insurance rate change announced by the state Health Care Authority last fall. The new rates were posted in the medical/dental open enrollment materials, and were previously highlighted on the Benefits website and in e-mail announcements to employees. More about life insurance, as well as a forms request site can be found on the Benefits web at: http://www.washington.edu/admin/benefits/

Optional/Supplemental Life Insurance Premiums* 1997-98 Comparison

  Age              Non-Smoker             Smoker
                 1997      1998        1997     1998
  Under 30      $0.052    $0.054     $0.066    $0.070
  30-34         $0.054    $0.056     $0.068    $0.070
  35-39         $0.068    $0.072     $0.078    $0.082
  40-44         $0.114    $0.120     $0.122    $0.128
  45-49         $0.188    $0.196     $0.204    $0.214
  50-54         $0.284    $0.300     $0.306    $0.322
  55-59         $0.506    $0.532     $0.546    $0.574
  60-64         $0.750    $0.790     $0.784    $0.826
  65+           $1.158    $1.218     $1.210    $1.274
     *Monthly Cost for Each $1,000 of Coverage

These Rates apply to: Part B–Supplemental–Spouse–(rate based on employee's age); Part C–Optional–Employee; Part D–Supplemental–Employee. The Part B–Basic Dependent Life has also increased from $.80 to $.84 per month.

UW Benefits Office, A Division of Personnel Services