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Maryland, like many other states, has passed a paid medical family leave regulation that has provided the opportunity to privatize coverage for your clients and prospects. (see attached outline on law regulations, benefit provisions, etc.)
Besides saving groups meaningful premium and providing superior service, there is the opportunity to generate additional commission income to your firm.
Here is the opportunity:
Those employers choosing the state fund are required to begin contributions on July 1, 2025.
There is a private plan exemption for Employers, and if a private plan is chosen employers and employees are not required to pay the pre funding contribution.
The savings to employers/employees by choosing a private plan can be significant.
Quote requirements:
Minimum 15 employees
Legal name, and Federal Tax ID
Census of all F/T and P/T employees: (Age, gender, salary & occupation)
Employers can file for a private plan exemptions between May 1- August 31, 2025.
It will cost you nothing to have us obtain quotations (and you may already have the data on hand). We’d be more than happy to participate with you in presentations to your clients.
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