what is colorado’s family and medical leave insurance program?
As of January 1, 2023, employers with Colorado-based workers are being assessed a premium as part of the new state-provided program. The FAMLI program was created to ensure all Colorado workers have access to paid leave and, in some cases, job protection and benefits continuation when certain life events happen. There are four different types of leave under the FAMLI program:
- Medical Leave: For employees with a serious health condition, pregnancy, or safe-leave-related medical concerns.
- Family Leave: To attend to the serious health condition of a family member, or time to bond with a newborn or newly adopted or fostered child.
- Safe Leave: For employees experiencing issues relating to domestic violence, harassment, sexual assault or stalking.
- Military Leave: For employees who require a period of absence arising from a family member’s active-duty service or notice of an impending call or order to active duty in the armed forces.
how could this affect your business?
As a Colorado employer, you have an important decision to make.
Should you pay the FAMLI premium and let the State of Colorado administer their program for your employees, or should you opt out of the state program and offer your employees a private plan?
Before you decide, let MJ Absence Management inform you what your options are and how the costs compare.