Yes. Sun Life offers both fully insured and self-insured private plan administration for employers.
Most employers are required to provide Paid Family and Medical Leave to their employees who work in the state of Colorado. The CO PFML program is designed to provide employees with the financial support they need during critical life events, such as the birth or adoption of a child, serious illness, or caring for a family member with a serious health condition.
Coverage options: Employers can meet their PFML obligation through a state-run program or by offering a private plan.
Sun Life Solutions: Sun Life offers solutions to meet your PFML needs, including the choice of a fully insured plan or a self-insured plan option.
Employers who choose private plan administration through Sun Life receive:
Yes. Sun Life offers both fully insured and self-insured private plan administration for employers.
Yes. While the CO PFML law creates certain paid benefits for leave because of an employee’s own serious health condition or for covered caregiving reasons, the CO PFML law is not intended to replace benefits provided by employers through Short-Term Disability (STD) plans and programs. It is important to know that cancelling STD benefits could leave your employees with limited income protection under the following circumstances:
Employers can apply for a Private Plan via the state's online portal, My Family+ Employer. An employer may apply for approval of a self-administered or fully insured private plan.
An employer seeking approval of a fully insured plan will be required to submit an application to the FAMLI Division accompanied by an issued policy (or confirmation of insurance form), and an application fee. Applications for a self-insured plan must be accompanied by proof of a Surety Bond, a Summary Plan Description and the application fee.
Employers planning to offer a Private Plan (including self-insurance models) are not exempt from paying FAMLI premiums until the FAMLI Division has reviewed and approved the private plan documentation. Employers are responsible for continuing to remit their premium payments and submit wage reports until the effective date of their approved Private Plan application.
Employers offering Private Plans must continue to meet reporting, notice, records, job protection and benefits continuation requirements.
Private Plans must remain in effect for a minimum of one year. The private plan approval will expire after 8 years from the date that the private plan went into effect. However, the Division will require an annual attestation that the employer’s contact information is accurate, and the approved private plan remains in force. Self-insured programs will also have an annual review of the employer’s surety bond. Starting in 2025, employers with an approved private plan must pay an annual maintenance fee, as calculated and requested by the Division.
Plan Name |
Paid Family and Medical Leave (PFML) |
---|---|
Year benefits begin |
2024 |
Coverage options |
Private plan, State plan |
Types of private plans allowed |
Fully Insured, Self-Insured (Sun Life offers administrative support for both) |
Employers covered |
All employers with one or more employees working in the state |
Employee eligibility requirements |
Earned at least $2,500 in wages subject to premium under the law during the person’s base period or alternative base period, has elected coverage as a self-employed person, or has elected coverage as an employee of a local government where the local government has declined participation in the program |
Elimination period |
0 days |
Reasons for leave |
|
Benefit duration |
|
Benefit calculation |
90% of the employee’s average weekly wages up to 50% of the statewide average weekly wage (SAWW). Earnings greater than 50% of the SAWW wage will be paid at 50%. |
State Average Weekly Wage (SAWW) |
|
Maximum weekly benefit |
|
Minimum weekly benefit |
None |
Social Security wage cap |
|
State rate |
0.9% of wages up to the Social Security wage cap |
Maximum employee contributions |
50% of premium on wages |
Employer contributions |
50% of premium on wages |
State resource |
Contact your Sun Life Employee Benefits Representative or your benefits broker to learn more.
Please call your Sun Life Client Relationship Executive.
If you have fewer than 100 employees, please call Client Services at 1-800-247-6875.
The information on this page is based on our knowledge of the current PFML law and regulations. Content subject to change. This page is not intended to be and should not be construed as legal advice. Employers are encouraged to consult employment law counsel for legal advice.
Sun Life’s fully insured CO PFML policies are issued by Sun Life Assurance Company of Canada (Wellesley Hills, MA) under Policy Form Series 23-FAMLI-GP-01-CO Rev 1/24. Sun Life’s self-insured or administrative-services-only CO PFML services are administered by Sun Life Assurance Company of Canada (Wellesley Hills, MA). This service is not insurance.
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PFMLWC-2192 #1489618079 09/24 (exp. 09/26)