An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
MetLife Selected As Insurance Carrier For New Hampshire’s New Voluntary PFML Insurance Program
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
MetLife has been selected to insure and administer New Hampshire's Granite State Paid Family and Medical Leave Program. This initiative allows New Hampshire employees to take paid leave for family or medical reasons, providing up to 60% wage replacement. Employers can customize policies and are eligible for a 50% tax credit for the first six weeks of coverage. Enrollment starts December 1, 2022, with coverage effective January 1, 2023. This collaboration emphasizes MetLife's commitment to enhancing employee benefits and supporting workers' needs.
Positive
Selected as the carrier for New Hampshire’s Granite State PFML Plan.
Offers up to 60% wage replacement for leave.
Employers can customize insurance policies.
Eligible for a 50% business enterprise tax credit on premiums.
Negative
None.
Under this new program, MetLife will help provide New Hampshire workers with the choice to take paid time away from work to care for their families or themselves
NEW YORK--(BUSINESS WIRE)--
MetLife has been selected as the carrier to fully insure and administer New Hampshire’s new Granite State Paid Family and Medical Leave (PFML) Plan. This innovative program will offer affordable and voluntary paid leave insurance to New Hampshire-based employees who may need to take paid time away from work to care for their families or themselves.
The program will provide up to 60% wage replacement insurance benefits for the same leave reasons supported by the federal Family and Medical Leave Act (FMLA) and will be available to all individuals working in New Hampshire whether or not their employer chooses to participate in the program. NH employers can customize the terms of the insurance policies they purchase, such as the length of the waiting period, and may extend the PFML insurance coverage from 6 to 12 weeks. NH businesses that choose to enroll in this new program through MetLife and pay all or a portion of the NH PFML insurance premium for their employees will be eligible to request a business enterprise tax (BET) credit equal to 50% of their premium cost for the first 6 weeks of coverage they purchase.
“We’re thrilled that Gov. Chris Sununu and the New Hampshire Departments of Administrative Services and Employment Security recognized our experience and expertise in the field,” said Juliane Kowalski, head of MetLife’s Absence and Disability business, Group Benefits at MetLife. “Thanks to a strong collaboration with the State of New Hampshire, our preparations are going well and we will be ready to offer the New Hampshire PFML program beginning January 1, 2023. These efforts reflect MetLife’s commitment to creating employee benefits that enable working Americans to have greater security and confidence for the future.”
“I’m incredibly excited about moving forward, in partnership with MetLife, with a revolutionary paid leave insurance product for our citizens,” Governor Chris Sununu added. “New Hampshire is yet again leading other states in the region and the country as we continue to do all that we can to attract and retain an essential workforce for our growing employer base.”
Under the Granite State PFML Plan, New Hampshire workers are covered for various reasons, from medical leave for one’s own serious health condition to family leave, including bonding with a new child, caring for a family member with a serious health condition, military exigency and caregiver benefits.
The program will allow employers to begin enrollment starting on December 1, 2022, with policies effective on January 1, 2023. Individuals will have the ability to purchase insurance using a 60-day enrollment period that will start on January 1, 2023.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
