Colorado paid family and medical leave

Key features

Coverage options

State plan or state-approved voluntary private plan

Funding begins January 1, 2023

  • Premiums are .9% of wages to the Social Security cap
  • <10 lives, employees pay 50% of premium and only 50% of premium is due to the state
  • 10+ lives, employees and employer split cost – 50% employer, 50% employee

Waiting period

0 days

Benefit (begins January 1, 2024)

  • 90% of average weekly wage up to 50% of state’s average weekly wage plus
  • 50% of average weekly wage over 50% of state’s average weekly wage

Maximum benefit

$1100 per week

Benefit duration (within a 52 consecutive week period)

Combined paid family and medical leave – 12 weeks, 4 additional weeks for a serious health condition related to pregnancy complications or childbirth complications


Get more information from the state of Colorado..

Principal® has a solution

We’re here to help by offering a state-approved voluntary private plan. When you have other group insurance products with us, it’s easy to add this solution. Plus, you get the same top-level service that comes with any of our products.

You can be assured Principal is committed to offering a private plan that meets your obligation under the paid family and medical leave law as a Colorado employer. Our fully insured product is available to employers who offer at least one other qualifying, insured Principal product (voluntary term life, dental, vision, or long-term disability) and have 10 or more employees working in Colorado.

Want to learn more?

Talk to your financial professional to design a benefit offering that meets the specific needs of your business and employees.

This summary is not a complete statement of the rights, benefits, limitations or exclusions of the insurance described here. For cost and coverage details, contact your Principal financial professional.

Insurance products issued by Principal Life Insurance Company®, a member of the Principal Financial Group®, Des Moines, IA 50392.