Bloomberg Tax
May 25, 2023, 8:03 PM

Minnesota Law Creates Paid Family and Medical Leave Program

Emmanuel Elone
Emmanuel Elone

Minnesota is creating a statewide paid family-leave insurance program, under a bill Gov. Tim Walz (D) signed May 25.

Under HF 2, the family-leave insurance program will begin collecting premiums and paying benefits to eligible employees on Jan. 1, 2026.

Premium Rate

Effective for calendar year 2026, the total premium rate on taxable wages will be 0.7%, which will consist of 0.4% for the medical benefit plan and 0.3% for the family benefit plan. If an employer has an approved private benefit plan and is required to participate in just one of the plans, the employer will be subject ...

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