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.
| Coverage (cost per employee) |
Maximum Weekly Claim Benefit | Annual Premium | Weekly Premium | Minimum Annual Policy Premium |
|---|---|---|---|---|
| Statutory | $170 | $24.75 | $0.48 | $60.00 |
| 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.