Group Life Insurance
Premium Rates for FY 26
Reminder that Group Life Insurance Premium Rates for the fiscal year beginning July 1, 2025 are available on our website. Premium rates for basic coverage in the PLD and State Plans are increasing in FY26. There are no changes to premium rates for the Teacher Plan. Visit https://www.mainepers.org/employers/group-life-insurance/ to review the new rates. If you have any questions please contact your Employer Reporting account associate.
Group Life Insurance Levels Updated
Life insurance levels have been updated for the coming year. Please review your invoice. If you have any changes or corrections, please contact your Employer Reporting account associate.
Premium Payments during Summer months
Teachers and school support employees who do not receive a paycheck over the summer often want to maintain their Group Life Insurance (GLI) and have the premiums paid during these months. Coverage will be cancelled if premiums for those summer months are not paid within 60 days of returning to work. Employers can help their teachers and school support employees keep their life insurance coverage premium payments up to date during the summer months in several ways.
One is by withholding premiums due for the summer months from an employee's final pay in June to continue remitting payments on their behalf during the summer. Another is to pay the summer premiums for employees then withhold the amount from an employee’s paycheck when they return to work in the fall. Or you can withhold the additional premiums throughout the school year. Regardless of how you choose to withhold premiums, the premium payment should be submitted to MainePERS with the corresponding monthly invoices you receive during the summer.
If you have an employee who will be responsible for paying premiums on their own through the summer, please upload a Personnel Status Change (PSC) form to MainePERS. This upload through the ESS portal must indicate that the employee is on a leave of absence and you will then do an adjustment to the invoice to remove the employee from your next bill. MainePERS may then bill the employee directly for the premiums that are due for those summer months.
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