CO FAMLI Private Plan Considerations
The Hartford is offering Colorado Family and Medical Leave Insurance beginning January 1, 2024. Employers interested in opting out of the state program must submit a completed application to the Colorado FAMLI Division no later than 60 days prior to the desired effective date.
The CO FAMLI law allows for equivalent private plans (both fully insured policies or self-funded plans). Private plans must be approved by the Colorado FAMLI Division. If approved, the approval is good for 8 years, but employers must certify their private plans annually.
Each employer plan will be subject to an annual maintenance fee(s). This is based on the level of involvement the FAMLI Division has related to each employer’s plan from the prior year, including costs to audit the plan, to review material changes to the plan and to administer any appeals related to the plan.
If you’re interested in pursuing a fully insured policy with The Hartford, let your employee benefits representative know and we’ll collect the necessary information to generate the policy.
Private plans must be as good as or better than the state program and include any protections and rights under the state program:
- An equivalent private plan may provide cost savings and offer more flexibility than the state program.
- An equivalent private plan cannot cost an employee more than the state program.
Your Partner for CO FAMLI
As a leader in Statutory Disability and Absence Management, we can help employers:
- Simplify administration for employers and employees.
- Enhance the employee experience with compassionate support and additional resources.
- Design compliant policies and provide educational resources for employers and employees.
Key Dates
- January 1, 2023: State plan contributions begin. All employers default into the state program and must submit contributions to the state following the end of the quarter. Employers intending to use a private carrier for a fully insured private plan may want to consider covering their employees’ share of the contribution for the default period to avoid employee reimbursement issues. Ver section 5.21.2 of the law for more information.
- October 31, 2023: Completed applications for private plans due (for an effective date of January 1, 2024). We highly recommended that employers submit earlier.
- January 1, 2024: Benefits scheduled to begin.
Additional Resources You May Be Interested In
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This informational material is subject to change as The Hartford continues to receive guidance from states and municipalities. It shall not be considered legal advice. The Hartford assumes no responsibility for legal compliance with respect to an employer’s business practices, and the views and recommendations contained herein shall not constitute The Hartford’s undertaking on a company’s behalf, or for the benefit of others, to determine or warrant that an employer’s business operations are in compliance with any law, rule, or regulation. Employers seeking resolution of specific legal or business issues, questions, or concerns regarding this topic should consult their own attorney or business advisors; and employees should continue to consult their employers’ Human Resources or other employment benefits department for guidance on the application of any law, rule, or regulation.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries, including underwriting companies Hartford Life and Accident Insurance Company and Hartford Fire Insurance Company, under the brand name, The Hartford,® and is headquartered at One Hartford Plaza, Hartford, CT 06155. For additional details, please read The Hartford’s legal notice at www.thehartford.com.