Oregon has enacted a Paid Family and Medical Leave Insurance (PFMLI) program which will go into effect on September 3, 2023. Colorado has also enacted a Family and Medical Leave Insurance Program (FAMLI) which will become effective on January 1, 2024. These State-mandated programs will begin pre-funding their plans on January 1, 2023.
These new plans may impact employers with any number of employees in Oregon and/or Colorado. Right now, the pre-funding premium collections will be paid directly to each State’s Programs and are set to begin January 1, 2023, however, private and self-insured plans are being allowed.
For employers that select a Private or Self-Funded plan, the pre-funding that is set to start on January 1, 2023, will not be required. Oregon will be accepting applications for the Private Plans beginning September 2022. Colorado is still working on the procedure for securing a Private Plan, it is currently expected to be ready during the Fourth Quarter 2022.
Because the details regarding the Private Plans are still being worked out, this will require monitoring until a plan is selected, coverage is in place, and the respective State has approved the Private Plan.
Most of the major life and disability carriers are planning on offering Private Plans to be offered in conjunction with their disability plans. If you have employees in Oregon and Colorado, we recommend speaking with your GBS Benefits Broker to formulate your plan to be in compliance with these programs.
An In-Depth Look at Colorado Paid Leave and Medical Leave
An In-Depth Look at Oregon Paid Leave and Medical Leave
A reminder: If you have employees in Oregon and Colorado, we recommend speaking with your GBS Benefits Broker to formulate your plan to be in compliance with these programs.