Deadline to Privatize Temporary Disability Benefits in New Jersey Approaches

By: EZTDB
 
New Jersey Tdb
New Jersey Tdb
MELVILLE, N.Y. - Jan. 19, 2021 - PRLog -- As the end of the first financial quarter rolls around, the deadline for New Jersey business owners to renew or privatize temporary disability benefits in New Jersey approaches. EZTDB writes benefits for more than 100,000 New Jersey business owners, insuring more than 1.7 million lives. Employers have until April 1, 2021, to make the decision to privatize TDB or to switch private plans. First quarter premiums are due by April 1.

Advantages of Privatizing Temporary Disability Benefits in New Jersey

It's easier than ever to privatize TDB and save more than 20% on TDB coverage. Both employers and their employees will realize the cost savings, along with:
  • Personalized service, including 24/7 chat
  • Choice of payment form (debit card, check or direct deposit)
  • Faster payouts with no waiting period

How to Privatize TDB in New Jersey

Privatizing temporary disability benefits in New Jersey is easier than ever before. Employers must visit the New Jersey Department of Labor and Workforce Development Division of Employer Accounts and create an Employer Access account (formerly called TWES). Within the portal, employers can find their AC174.1 form required to get a quote for a TDB private plan. The form details employer contributions to TDB and the employer's final disability rate.

Along with this information, insurance brokers will require the number of lives, male and female, within an organization. From there, a reputable broker can quote a private plan from a top-rated carrier. Business owners may be able to save more money by bundling ancillary benefits life dental, vision, and group life / AD&D coverage with their temporary disability benefits in New Jersey.

"Only 2 percent of New Jersey business owners realize how much money they can save with private disability benefits in New Jersey," says Michael Cohen, President and CEO of EZTDB. "There are only two opportunities each year to make the switch to a private plan. April 1 is going to come up faster than anyone realizes. One quick phone call can save New Jersey business owners 20% or more for years to come."

About EZTDB

With more than 45 years in the statutory insurance industry, EZTDB delivers white-glove service and cost savings to New Jersey business owners through temporary disability benefits from top-rated carriers.

Contact
EZTDB | Michael Cohen
6312935100 ex 800
info@eztdb.com

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