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What are the Rates and Benefit Amounts for Paid Family & Medical Leave Programs in 2024?
In the midst of a busy 4th quarter, it may be difficult to stay on top of all the various updates affecting Statutory Paid Leave Programs in the variety of states where ShelterPoint1 offers Private Plan options2. To summarize the key facts for 2024, we created an easy overview chart.
Aside from the new rates, this quick overview also includes helpful shortcuts to more in-depth details, including state-specific average weekly wages, applicable employer contributions, and/or taxable wage bases in the Statutory Benefits Center – now freshly updated with 2024 information. You may want to bookmark this page as your easy reference hub!
|
State
|
Max. Employee Contribution
|
Max. Weekly Benefit Amount
|
Get details, definitions, and calculations in our state-specific sections
|
| (% of wages to applicable cap) |
($ per year) |
|
CO
|
0.45%
|
$758.70
|
$1,100.00
|
CO FAMLI
|
|
CT
|
0.50%
|
$843.00
|
$941.40
|
CT Paid Leave
|
|
MA
|
0.46%
|
$775.56
|
$1,149.90
|
PFML Massachusetts
|
|
NJ (TDI)
|
0.00%
|
$0.00
|
$1,055.00
|
NJ TDI
|
|
NY (PFL)
|
0.373%
|
$333.25
|
$1,151.16
|
NY PFL
|
Please note: New York doesn’t provide Paid Family and Medical Leave under one unified program like most other states typically do. Instead, New York’s required Disability Benefits Law, DBL, provides short-term disability and was amended to also provide Paid Family Leave (PFL) coverage, resulting in different benefit levels and contribution rates for each program. The new 2024 PFL numbers are reflected in the chart above. The maximum DBL benefit remains unchanged at $170 per week, and DBL rates are set by carriers while adhering to minimum loss ratio guidelines set by the State. For ShelterPoint’s current DBL rates, check our rate card for 1-49 lives here (groups of 50+ lives are experience-rated).
Similarly, as another pioneer in state-mandated short-term disability coverage, New Jersey has its own state-specific dynamic between Temporary Disability Insurance (TDI) and Family Leave Insurance (FLI). Currently, ShelterPoint does not offer a private plan option for NJ FLI.
Stay up-to-date on annual changes by signing up for email updates here!
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This article is for informational purposes only and is not intended to provide legal counsel. Please consult with an appropriate professional for legal and compliance advice. Any statutory benefit program information is based on our knowledge and understanding of the respective state’s applicable statutes and regulations as of the publication date and may change as regulations evolve or the respective states issue updated guidance.
All coverage extends to limits reflected in the respective policy. Please refer to the respective policy for coverage details pursuant to the respective governing law, including a complete listing of covered services, provisions, conditions, exclusions, limitations, and terms under which the policy may be continued or canceled. In the event of conflicting information with the policy and applicable state law governing the respective statutory benefit program, the policy and respective law will take precedence over what is shown in this material. Claim payment is not guaranteed; benefit amount depends on wages.
1The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied. The ShelterPoint family of companies consists of ShelterPoint Life Insurance Company, a NY-domiciled carrier, and its wholly-owned subsidiary ShelterPoint Insurance Company, a FL-domiciled carrier, depending on the state (see our Geographic & Jurisdictional Notice here). ShelterPoint is a registered service mark.
2Policies for Private Plans of Statutory Benefit Programs are underwritten by ShelterPoint Life Insurance Company (principal office in Garden City, NY) in the following states: CT, CO, MA, NJ, NY
CO FAMLI
The Colorado Family & Medical Leave Insurance (FAMLI) Law and policies and procedures established by the Colorado Department of Labor and Employment govern this private plan and its interpretation and administration. Policy Form# SPL PFMLP 0123 CO
CT Paid Leave
The Connecticut Paid Family and Medical Leave (PFML) Law and policies and procedures established by the Connecticut Paid Leave Authority govern this private plan and its interpretation and administration. Policy Form# SPL PFMLP 0122 CT
MA PFML
The MA Paid Family and Medical Leave (PFML) Statute and policies and procedures established by the MA Department of Family and Medical Leave govern this private plan and its interpretation and administration. Policy Form# SPL PFMLP 0820 MA
NJ TDI
The NJ Temporary Disability Benefits (TDB) Law (P.L.1948, c.110 (C:43-21-25 et seq.)) governs this private plan and its interpretation and administration. Policy Form# TDB-P-NJ
NY DBL/PFL
Policies are governed by Article 9 of Workers Compensation Board (WCB) Law (New York State Disability and Paid Family Leave Benefits Law). Policy Form# SPL DBL1114, SPL DB0922 F