(a) For initial claims filed on or after January 1, 2018, the maximum potential benefits of an insured worker in a benefit year shall be the amount equal to the lesser of:
(1) Sixteen (16) times his or her weekly benefit amount; or
(2) One-third (1/3) of his or her wages for insured work in his or her base period.
(b) If the total amount of benefits is not a multiple of his or her weekly benefit amount, it shall be computed to the next higher multiple of his or her weekly benefit amount.