Employers can choose up to five times statutory coverage at the same qualified standard rate as statutory disability benefits to increase weekly employee disability benefits in the event of a off-the-job injury or illness.
Enriched disability benefits insurance pays claim benefits equal to one-half the average weekly wage of the employee up to a maximum weekly benefit, as selected by the employer, of five times statutory coverage for 26 weeks (if required) within a 52-week period.
(cost per employee)
|Maximum Weekly Claim Benefit||Annual Premium||Weekly Premium||Minimum Annual Policy Premium|
|Enriched at 1.5 x $170||$255||$37.13||$0.71||$90.00|
|Enriched at 2 x $170||$340||$49.50||$0.95||$120.00|
|Enriched at 2.5 x $170||$425||$61.88||$1.19||$150.00|
|Enriched at 3 x $170||$510||$74.26||$1.43||$180.00|
|Enriched at 4 x $170||$680||$99.01||$1.90||$240.00|
|Enriched at 5 x $170||$850||$123.76||$2.38||$300.00|
NYSIF policyholders can apply for enriched disability benefits insurance when completing the application Form UDB-36. Policyholders can change disability benefits coverage annually prior to renewal by completing the Selection of Disability Benefits Insurance Coverage Change Form DB-SOC. Qualified employers may be able to provide statutory disability benefits coverage or twice the statutory benefit at little or no cost to them.