TIME SENSITIVE: Refunds for 2023 premiums paid will be available if a private plan with an effective date on or before January 1, 2024 is approved by the Division before October 31, 2023.
Colorado’s Paid Family & Medical Leave Insurance Program (PFML/FAMLI)
If you have any employees in Colorado, this information is for you
Family & Medical Leave Insurance
What is FAMLI?
It’s a social insurance program funded by premiums paid via a payroll tax by virtually all Colorado employees along with matching premiums paid by employers with 10 or more employees that are to be collected starting 1/1/2023. Eligible employees can receive up to 12 weeks of paid, job protected leave per year beginning 1/1/2024. Leave is available for employees to take care of themselves, or a family member, regardless of legal or biological relationship.
What do employers need to do now?
- Communicate FAMLI to all your Colorado employees now.
- Register with the FAMLI Division at famli.colorado.gov right away.
- Collect premium deductions through payroll beginning 1/1/2023.
- Submit wage data and pay premiums by 4/30/2023.
- Consider the potential advantages of a “private plan” alternative.
Do you have questions?
You should! This is a highly confusing and complicated program. Let us know how we can help you learn more.
A: 0.9% of wages below the social security wage base, with half paid by the employer
(0.45%) and half paid by the employee.
A: Almost. Local governments may opt-out, and employers with 9 or fewer employees
must participate, but do not need to pay the employer share of the premium.
A: Almost certainly. As long as an employer has an approved private or self-funded
plan approved by the Division by 10/31/2023, and that plan meets all of the
requirements of the government plan, an employer should be able to opt-out and
benefit in a number of ways. Moody Insurance can facilitate this.
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