What States Offer Statutory Disability Benefits or Paid Family Leave?
By: The D.B.L. Center LTD.
"Most people don't realize this, but 37 states threw their hats in the ring this past election to pass Paid Family Leave acts on a state level," said The DBL Center President and CEO Michael Cohen. "This is a growing legislation that may ultimately become federal, like the Family Medical Leave Act, which offers unpaid job protection for those who are out of work due to illness or to care for family members."
Statutory Disability Coverage and Paid Family Medical Leave Plans
Moving into 2021, nine states, Washington D.C., and Puerto Rico offer statutory disability plans to employees. Of those states, only Hawaii, New Jersey, and New York provide options to privatize statutory disability through an independent insurance carrier.
California, New Jersey, New York, Washington, Massachusetts, and Rhode Island offer Paid Family Leave as subsets of statutory disability plans. For instance, PFL in New York is written as a rider to DBL coverage.
In New Jersey, Family Leave Insurance is included automatically with TDB premiums. In Massachusetts and Connecticut, the Paid Family and Medical Leave Act covers both family leave and medical leave. It can be written through the state or through a private insurance carrier. Private plans typically offer faster, more flexible payout options and personalized service.
Private Plans Create Happy Customers
As more states add paid family and medical leave benefits to their statutory disability programs, business owners enter uncharted territory. Reputable insurance brokers can provide the education and guidance business owners need to select the right plans.
"It's important for business owners to understand the tremendous advantages of writing their coverage with a top-rated carrier rather than going settling for what their state offers," Cohen says. "Private plans can provide better service, faster claims, flexible payout options, and costs savings over state plans."
About The DBL Center Ltd.
With 40+ years in the insurance industry, The DBL Center (http://www.insurancewholesaler.net/)
InsuranceWholesaler | Michael Cohen
6312935100 ex 800