OMAHA, Neb.--(BUSINESS WIRE)--Mutual of Omaha Insurance Company is offering a private option for Massachusetts employers under the new Massachusetts Paid Family and Medical Leave law.
Mutual of Omaha’s 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.
Advantages of a private PFML plan through Mutual of Omaha include:
- 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
- Ability to offer richer benefits under the private plan
Contact your Mutual of Omaha Sales Representative for more information.
About Mutual of Omaha
Founded in 1909, Mutual of Omaha is a Fortune 500 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. In the individual market, Mutual is a leader in the senior health, life, long-term care, disability and annuity lines. The company also offers a portfolio of employee benefit and retirement solutions. For more information about Mutual of Omaha, visit www.mutualofomaha.com.