Massachusetts Paid Family and Medical Leave Act Payment Deadline Approaches
“Here at The DBL Center, we’ve been experts in statutory insurance since 1976 when my father David Cohen started the company,” says Michael Cohen, DBL Center President and CEO. “With the tools, information, and resources we provide, our brokers are well equipped to deliver the best rates and superior service for privatized Massachusetts PFML insurance policies.”
- New York, NY (1888PressRelease) June 02, 2020 - As Massachusetts enters phased reopening, businesses get set to pay Family Medical Leave premiums
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.
Need Help Calculating Premiums for the Paid Family Medical Leave Act Coverage in Mass?
With so many changes going on for business owners right now, calculating Massachusetts Paid Family and Medical Leave Act premiums can be complicated.
“Here at The DBL Center, we’ve been experts in statutory insurance since 1976 when my father David Cohen started the company,” says Michael Cohen, DBL Center President and CEO. “With the tools, information, and resources we provide, our brokers are well equipped to deliver the best rates and superior service for privatized Massachusetts PFML insurance policies.”
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