Welcome to the New NYSIF
For more than 100 years, NYSIF has made it our mission to protect the millions of New Yorkers who work hard each day across the state. And while that mission hasn’t changed, the way we accomplish it has. As we find new and better ways to serve you and stay ahead in the industry, we’re making sure our brand stays ahead too. A new logo, colors and fonts will carry us into the future – and help us build on our past. We will always be a competitive carrier committed to ensuring a fair marketplace and guaranteed coverage for employers. Today, we're just doing it all with a whole new look.
NEWS & MEDIA
New DB Payroll Report
January 13, 2020
NYSIF is pleased to announce that we have updated our Disability Benefits Payroll Report for policy periods ending after 1/1/2020 based on customer feedback. The notable enhancements include a simpler format separating disability benefits and paid family leave reporting, and clearer instructions to complete the report. To ensure your policy is accurately priced, please login to your NYSIF disability benefits account at the end of each policy period to complete your report.
New Minimum Wage
January 1, 2020
Governor Andrew M. Cuomo reminded New York workers and businesses that minimum wages for New York State increased on December 31, 2019, and that employers should update their required minimum wage informational posters. In 2016, the governor enacted the nation's strongest minimum wage law, which is being implemented in phases. The new minimum wage for all business in New York City is now $15.00. Phased increases also affect all employers outside NYC. For more information, visit www.ny.gov/minimumwage
New Drug Formulary
November 14, 2019
The NYS WCB recently implemented a Prescription Drug Formulary, which lists the medications eligible for reimbursement under a claimant’s workers' comp medical coverage. Beginning December 5, 2019, all new prescriptions for injured workers must comply with the requirements of the Formulary. Beginning June 5, 2020, all refills and renewals must comply with the Formulary. We urge claimants to discuss their medications with their health care providers to determine if their medication is reimbursable under their workers’ comp medical coverage and make appropriate changes as necessary. For more information, visit the WCB Formulary website.