Employee Benefits

MCPASD Group Life Insurance Update

If you carry MCPASD group life insurance, the new plan year starts in July, with the premiums affecting June pay cycles. There are a few things that could affect your deductions.

When you first enroll, your amount of insurance is estimated based on a projection of your earnings for the year rounded to the next higher $1,000 After the first year, your insurance amount is based on your highest prior calendar year ’ s actual earnings.

Monthly premium rates are based on the benefit amount and your age on July 1, when the plan year starts.

Under 30 - $ 05 per $1,000 of benefit

Age 30-34 - $ 06 per $1,000 of benefit

Age 35-39 - $.07 per $1,000 of benefit

Age 40-44 - $.08 per $1,000 of benefit

Age 45-49 - $ 12 per $1,000 of benefit

Age 50-54 - $ 22 per $1,000 of benefit

Age 55-59 - $.39 per $1,000 of benefit

Age 60-64 - $.49 per $1,000 of benefit

Age 65-69 - $ 57 per $1,000 of benefit

The monthly rate for Spouse and Dependent coverage is $1.60 per unit. You can carry up to two units of this coverage. One monthly premium covers all eligible dependents.

MCPASD offers Life Insurance through The Wisconsin Public Employers Group Life Insurance Program

ETF Life Insurance Program Summary

Who is eligible?

If you are eligible for Wisconsin Retirement System (WRS), you qualify for the group life insurance plan.

How do I enroll?

Life insurance does not have an open enrollment period. You can enroll during the first 30 days of employment or within 30 days of a family status change event (marriage or birth in the family.)

You can apply as a late enrollee if you missed your opportunity or would like to increase your coverage. You must complete an Evidence of Insurability form, which could be denied The form has a section that needs to be completed by the employer, so please contact your benefits specialist (Lori Krug, Certified Staff, or Chris Acker, Support Staff) if you are interested