Wisconsin Retirement System Premium Adjustment for Retirees

Retirees in the Wisconsin Retirement System (WRS) will experience a one-time adjustment to their insurance premiums deducted from annuity payments in July 2026. This change aims to synchronize premium payment schedules with the insurance coverage month, addressing any existing discrepancies. The adjustment will not impact the actual insurance coverage or alter total premiums for 2026. Notably, individuals receiving their initial annuity payment in July 2026 will remain unaffected by this reset.

Currently, health and life insurance premiums are deducted a month in advance of the coverage month, unlike vision insurance, which is aligned with the coverage period. The upcoming My Insurance Benefits digital platform will standardize the deduction schedule for all premiums administered by the Employee Trust Funds (ETF). Starting August 2026, deductions for all relevant insurance plans will match the coverage month, enhancing regulatory compliance and efficiency.

Retirees who do not use annuity deductions for insurance premiums should note that sick leave credit deductions for health premiums will maintain their current timing, with July payments drawn from sick leave in June. Although these credits are not displayed online in My Insurance Benefits, retirees will receive an annual statement in December detailing their sick leave credit balance.

For retirees with health or life insurance premiums managed by former employers, schedules will update as of July 2026. Contacting the former employer for specific details on these changes is advisable. Retirees who pay premiums directly to carriers will receive communication from insurers regarding payment schedule adjustments.

Retirees with converted life insurance for health or long-term care insurance payments will see no anticipated changes. Securian, responsible for managing these conversions, will keep subscribers informed when converted funds are nearing depletion, ensuring efficient risk management.