DBL forms insurance brokers need and how to get them When a business writes a private disability insurance and Paid Family Leave policy in New York, they need to show proof of coverage through an approved carrier. Form DB-120.1 shows that proof of coverage for a private policy. But brokers can’t issue the form; it
Serve an even larger market in New York with this stand-alone benefit. Gig workers, independent contractors, and others with “alternative arrangements” for their main job make up roughly 10% of the total US workforce, according to the most recent US Department of Labor statistics. Other reports, including a recent infographic from freelancer platform Upwork, found
Based on commonly accepted actuarial principles, the Superintendent has determined that the premium rate for Paid Family Leave benefits for coverage beginning January 1, 2026, shall be increased by +11.31% compared to the premium rate applicable for calendar year 2025. The 2026 PFL rate will be set at 0.432% of an employee’s wages each pay
The state of Minnesota sets deadline for Minnesota business owners to submit private plans for approval. When you hear the words “it’s time,” what’s your first thought? Those of us of a certain age (i.e. Gen X and “older” millennials) hear a tired voice saying, “It’s time to make the donuts.” We picture an older,
Recent insights from nonprofits show people vastly overestimate life insurance costs. When it comes to selling life insurance and other ancillary benefits, insurance brokers face a vast, untapped market: younger working Americans. What’s the best way to reach this market, especially when Gen Z tends to trust TikTok and other social media for financial advice?
Understand how statutory disability and paid family and medical programs have evolved in the US. There’s well-documented research showing that employers, workers, and their families benefit from paid family and medical leave. A 2024 study commissioned by the Department of Labor and presented by the Women’s Bureau found that a national paid family and medical
State laws vary – know the basics so you can help guide your clients. Life is rarely predictable. That’s especially true for new parents or anyone caring for a loved one who is sick or aging. Raising a newborn or caring for loved ones often means taking time off work for doctor’s appointments or taking
As New York’s COVID Sick Leave law sunsets at the end of July, NY business owners may be confused about mandated paid-time-off (PTO). As a result, they may have questions for the insurance brokers who write and manage their statutory benefits like DBL and PFL. Full Support to Help You Earn More Maximizing your
COVID leave ends, but NY employees have other options for time off. State-mandated pay and job protection for New Yorkers specifically suffering from COVID-19 or taking care of a child or loved one with COVID is set to expire on July 31, 2025, according to the NY State Paid Family Leave website. Under the law,
Explore 7 states with massive opportunities for employee benefits brokers. When it comes to Paid Family and Medical Leave, statutory programs vary widely across the different states that offer programs. New York became a forerunner in Paid Family Leave when the program was introduced in 2017. Written as a rider to the state’s mandatory DBL
Here’s how insurance brokers can help get the 1989 NYS disability benefits law updated As students across New York State await the end of the school year, insurance brokers specializing in New York State disability benefits have something else on our minds: the proposed increase to NYS disability benefits (DBL insurance). For those of us