Mutual of Omaha Insurance Company now is offering a private option for Massachusetts employers under the new Massachusetts Paid Family and Medical Leave law.
Mutual of Omaha said in a statement that its Paid Family and Medical Leave ("PFML") plan is a private option for Massachusetts employers who would like to apply for an exemption from the state administered plan.
With the new Massachusetts law, employers must provide eligible employees with paid, job protected family and medical leave through the state-administered plan or through a private plan. An employer may opt-out of either the state program for family leave, medical leave, or both by having a state-approved private plan. Mutual of Omaha is offering a fully-insured or self-insured paid family and medical leave plan or paid medical leave only plan.
Mutual of Omaha said that the advantages of a private PFML plan through Mutual of Omaha included:
- Premium collection is delayed until January 2021;
- Coordination with other Mutual of Omaha products;
- Employers may offer the same benefits to Massachusetts employees and out-of-state employees; and
- Ability to offer richer benefits under the private plan.
Learn more: www.mutualofomaha.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].