NEW YORK–(BUSINESS WIRE)–MetLife has been selected as the insurer to fully insure and administer the Granite State of New Hampshire’s new Paid Family and Medical Leave (PFML) plan. This innovative program will provide affordable, voluntary paid vacation insurance to New Hampshire employees who may need time off work to care for family or themselves.
The program will provide up to 60% wage replacement insurance benefits for the same reasons for leave covered by the federal Family and Medical Leave Act (FMLA) and will be available to anyone working in the New Hampshire, whether or not their employer chooses to participate in the scheme. program. NH employers can customize the terms of the insurance policies they purchase, such as the length of the waiting period, and can extend PFML insurance coverage from 6 to 12 weeks. NH businesses that choose to enroll in this new program through MetLife and pay all or part of the NH PFML insurance premium for their employees will be eligible to claim a business tax credit (BET) equal to 50 % of their premium cost for the first 6 weeks of coverage they purchase.
“We are delighted that Governor Chris Sununu and the New Hampshire Departments of Administrative Services and Employment Security have recognized our experience and expertise in the field,” said Juliane Kowalski, Absence and Absence Business Manager. MetLife Disability, MetLife Group Benefits. “Through close collaboration with the State of New Hampshire, our preparations are going well and we will be ready to offer New Hampshire’s PFML program beginning January 1, 2023. These efforts reflect MetLife’s commitment to creating benefits social benefits that allow American workers to have more security and confidence for the future.
“I am extremely excited to move forward, in partnership with MetLife, with a revolutionary paid vacation insurance product for our citizens,” Governor Chris Sununu added. “New Hampshire is once again leading other states in the region and the country as we continue to do everything we can to attract and retain a critical workforce for our growing employer base.”
Under the Granite State PFML plan, New Hampshire workers are covered for a variety of reasons, from medical leave for their own serious medical condition to family leave, including bonding with a new child, care of a family member with a serious medical condition, military requirement and compassionate care benefits.
The program will allow employers to begin enrollment from December 1, 2022, with policies effective January 1, 2023. Individuals will have the ability to purchase insurance using a 60-day enrollment period that begins January 1, 2023. January 2023.
To learn more about New Hampshire’s Paid Family and Medical Leave Plan, visit www.paidfamilymedicalleave.nh.gov.
To learn more about MetLife’s PFML plans, visit www.metlife.com/PFML.
About MetLife
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 clients build a confident future. Founded in 1868, MetLife is present in more than 40 markets worldwide and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.