Employers have the option to offer enriched disability benefits up to five times the statutory rate, which provides a maximum weekly benefit of $850.
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 |