Colorado Paid Family and Medical Leave
Colorado has enacted a Paid Family and Medical Leave Insurance (FAMLI) Program, with paid leave benefits available to eligible Colorado workers starting January 1, 2024, under the Colorado Paid Family & Medical Leave Insurance Act.
Guardian offers an approved fully-insured private plan. Employers may begin applying for a private plan on 6/9/23. Reach out to your Guardian benefits representative for additional information.
The CO FAMLI program allows employers to use equivalent private plans, either self-funded or fully insured, through state-approved insurance carriers. State approval is required. The private plan application process is open and applications submitted by October 31, 2023, with approved private plans, will be eligible for contribution refunds.
To help ensure an optimal experience for employees, businesses must choose between the state-run plan, or a private plan for their Colorado Paid Family and Medical Leave (CO PFML) coverage. If your business is considering a private plan, find information below to assist you in meeting your obligations as a Colorado employer.
Guardian can help you manage it all
Effective employee leave management is key to ensuring your business remains compliant with state laws, helping you avoid costly fines.
Guardian has provided employers with statutory disability plans for more than a decade, taking a consultative approach to bring resources together for successful PFML plan implementation and management, no matter the level of complexity. Our management of PFML plans help ensure that any human resources team can meet the challenge of efficiently managing employee leaves while helping to ease administrative burden and enhancing compliance. Our plans are fully insured, state-approved, and backed by digital capabilities designed to help make administration easier.
Further, our Guardian absence management solutions can help reduce the administrative burden and enhance compliance with the integrated management of STD and LTD benefits, state and federal family medical leaves, and company leaves. Available to companies with 50 or more employees, employers can choose from a variety of plans and service options, including ADA support.