Massachusetts Paid Family and Medical Leave Act Payment Deadline Approaches

As Massachusetts enters phased reopening, businesses get set to pay Family Medical Leave premiums
By: The DBL Center Ltd
 
The Dbl Center Ltd
The Dbl Center Ltd
MELVILLE, N.Y. - May 26, 2020 - PRLog -- Earlier this year, Massachusetts introduced the Massachusetts Paid Family and Medical Leave Act (PFML) for W-2 employees and some 1099 independent contractors. Benefits won't go into effect until 2021, but employers can begin paying into the plan now.

The DBL Center, a wholesale general agency with 40+ years of insurance industry relationships, can help Massachusetts insurance brokers write FMLA policies independent of other lines. Employers can privatize policies under the Massachusetts Paid Family and Medical Leave Act affordably while receiving white-glove service.

As a shared benefit, MA Family Medical Leave Act premium costs are split between the employer and employees. Organizations with fewer than 25 employees can offer the plan to their workers as a voluntary, employee-funded benefit.

July 1, 2020 marks the first deadline for payments. Paperwork must be completed and submitted to insurance brokers by June 15, 2020.

How Much Do Employers Need to Pay?

Amidst the confusion of reopening and re-hiring employees, businesses may need guidance when it comes to Massachusetts Family and Medical Leave Act premium payments.

Premiums are based on the total number of lives in a company, which includes all W-2 employees:
  • Full-time
  • Part-time
  • Seasonal
Independent contractors (1099 workers) are responsible to write their own policies and pay the full 0.75% contribution.

Businesses should report figures for the prior 3-month period. Contributions made by July 1, 2020 should include headcounts from April, May, and June.

What About Furloughed or Laid Off Workers?

As the coronavirus pandemic struck across the U.S., many employers laid off or furloughed workers. Employers continue paying benefits for furloughed employees, so these workers count toward the organization's number of active lives.

Employees re-hired by June 30 to qualify for loan forgiveness on a Small Business Administration (SBA) loan issued as part of the Paycheck Protection Program (PPP) also count toward Massachusetts Paid Family and Medical Leave Act headcounts to calculate premiums.

About The DBL Center Ltd.

Celebrating 40+ years in the insurance industry, The DBL Center services 100,000 insured corporations through 4,000 brokers across 15 states as a wholesale insurance general agency. The DBL Center specializes in Disability Benefits Law (DBL) and PFL (Paid Family Leave) coverage in New York, Temporary Disability Benefits (TDB) in New Jersey, and Temporary Disability Insurance (TDI) in Hawaii. The DBL Center also underwrites, manages and maintains Group Life/AD&D, vision, and dental packages, as well as individual life and income replacement policies, giving brokers and their customers the benefits of multi-line discounts and a single point-of-contact.

For more information, visit InsuranceWholesaler.net.

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Source:The DBL Center Ltd
Email:***@dblcenter.com Email Verified
Tags:Insurance Organization
Industry:Insurance
Location:Melville - New York - United States
Subject:Services
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