In the past several years, Paid Family Medical Leave legislation has been sweeping across the Northeast. The DBL Center has been at the forefront of guiding brokers to make the most of this new revenue stream, which can be bundled with ancillary benefits to provide business owners with cost savings while brokers enjoy increased commissions.
As we increase our services in Connecticut and Massachusetts, especially, we’ve been expanding our base into New England with a physical presence in Connecticut. This allows us to service our New England brokers better with a local presence.
Brokers in Connecticut and Massachusetts have turned to The DBL Center in the past year to navigate Paid Family and Medical Leave in Connecticut and Massachusetts. We’ve been helping brokers manage PFL in NY since 2017, so we’re familiar with the transition. Most importantly, we can help brokers use statutory coverage as a springboard to sell highly profitable group ancillary benefits, including dental, vision, and group life / AD&D.
However, as Connecticut and Massachusetts solidify their Paid Family and Medical leave legislation, there are bound to be nuances in the laws that make them different from New York. Already, Connecticut has different paperwork to fill out to privatize PFML in CT. And the definition of a “family member” that someone can take leave to care for hasn’t been fully defined, but it may be less restrictive than New York’s laws.
Learn more about Connecticut Paid Family and Medical Leave here in our resource center.
Having local insurance experts in New England that can focus exclusively on our New England brokers will allow The DBL Center to provide the same level of expert, personalized service across Massachusetts and Connecticut as we have been doing for 45+ years in New York, New Jersey, and Hawaii.
As we focus on customer service and PFML in Connecticut and Massachusetts, we’ve brought on an industry expert with an office in Trumbull, Connecticut. Brian Dewey, the newest DBL Center Group Sales Representative, comes to us from major carriers Sun Life and Ameritas and has been a staple in Connecticut insurance for nearly a decade.
A Massachusetts native and Stonehill graduate with degrees in Economics and Finance, Dewey specializes in group ancillary benefits and will stay on top of the ever-evolving statutory benefits legislation in Connecticut, where he currently resides, and in his home state of Massachusetts.
With our extensive knowledge of Paid Family and Medical Leave coverage, The DBL Center is here to support New England brokers through the confusion of the first year of this new benefit and beyond. Brokers who take advantage of our white-glove, personalized service also gain access to our state-of-the-art Broker Dashboard: Net Revenue Tracker, helping you track renewals, cancellations, and commissions easily from any internet-enabled device.
Reach out to The DBL Center and Brian Dewey to learn more about how to help your customers save money by privatizing PFML in Connecticut today.
by Dawn Allcot
Find industry-leading videos, product demos, and insights
The DBL Center, a wholesale insurance general agency specializing in statutory benefits, has launched a new section of its website to keep insurance brokers up to date on the latest statutory and ancillary employee benefit insurance industry news.
Found in the drop-down menu of the About section on the website navigation bar, or in the drop down on the mobile site, “In the News” features:
The videos showcased on the page represent the culmination of DBL Center President and CEO Michael Cohen’s years of stage experience and his passion for performance. The insurance expert graduated from Boston University with a film degree and now finds a new outlet for his passion through his company’s many marketing and outreach initiatives. “I would have been a stand-up comedian if I didn’t go into insurance,” he says.
In the Meet the Team series of videos, Cohen interviews his staff, revealing their motivations, goals, and a few fun facts. Likewise, the Rep Roundtable series brings together top insurance carriers to discuss industry trends and tips for brokers. This short-form video podcast series launched in 2019 and achieved industry-wide recognition.
Brokers will also find overview videos of the Broker Dashboard: Net Revenue Tracker to learn, step-by-step, how to track renewals, cancellations, and commissions from any internet-enabled device. Interested brokers can schedule a live demo of this cloud-based app using the easy-to-access chat feature directly on the page.
“Our In The News section brings together some of our most valuable media in one place, so you can browse easily during short spurts of down time,” Cohen says. “I hope visitors to our site will discover information, inspiration, and maybe even a laugh or two.”
About The DBL Center Ltd.
With 40+ years in the insurance industry, The DBL Center services 100,000 insured corporations through 4,000 brokers across 15 states as a wholesale insurance general agency. For more information, visit InsuranceWholesaler.net, call 800.325.2777 or connect with us on LinkedIn.
Contact InsuranceWholesaler | Michael Cohen 6312935100 ex 800 Michael.Cohen@dblcenter.com
by Michael Cohen
Privatizing coverage through the Massachusetts State Family Medical Leave Act puts money in the pockets of Massachusetts business owners
Business owners who want to privatize paid family medical leave in Massachusetts have until October 1, 2020, to make their decision. The DBL Center has more than 40 years experience in the statutory benefits markets in New York, New Jersey, and Hawaii.
As statutory benefits expand across New England, The DBL Center is available to help Massachusetts business owners save money. The DBL Center can write privatized policies with top insurance carriers, delivering cost savings and benefits equal to or greater than those underwritten through the Commonwealth of Massachusetts.
Business owners must pay PFML premiums on policies written by the Commonwealth of Massachusetts by October 1, 2020. But Massachusetts business owners who privatize paid family medical leave can defer MA PFML premiums for 2020 until January 1, 2021.
Deferring premiums on statutory PFML in Massachusetts helps free up cash for other expenses and leaves more money in employee’s paychecks.
Paid family leave benefits allow employees to care for:
Beginning July 1, 2021, PFML in MA will also cover time off to care for any family member with a serious health condition.
Privatized paid family and medical leave plans in Massachusetts must provide benefits equal to or better than the state plan.
“Massachusetts business owners who write their PFML policies with The DBL Center will save money and also benefit from the white-glove service we’ve delivered to our customers for decades,” says Michael Cohen, DBL Center president and CEO.
With 40+ years in the insurance industry, The DBL Center services 100,000 insured corporations through 4,000 brokers across 15 states as a wholesale insurance general agency. The DBL Center specializes in DBL, PFL, TDB, TDI, and PFML in Massachusetts and Connecticut. For more information, visit InsuranceWholesaler.net, call 800.325.2777 or connect with us on LinkedIn.
Contact InsuranceWholesaler | Michael 6312935100 ex 800 firstname.lastname@example.org
Prior to the MA Paid Family Medical Leave Act, short-term disability benefits provided partial income replacement for non-work-related illnesses or injuries in Massachusetts.
With MA PFMLA benefits going into effect on January 1, 2021, (and additional benefits beginning July 1, 2021), Massachusetts business owners may wonder if they still need to offer group STD to employees.
The DBL Center, a wholesale insurance general agency specializing in statutory benefits, recently shared details on why Massachusetts business owners should supplement MA Paid Family Medical Leave Act benefits with Group STD.
Employers in Massachusetts must provide statutory PFML coverage. Businesses over 25 employees can write their benefits plan through the Commonwealth of Massachusetts or choose a private plan that:
In 2021, the MA Paid Family Medical Leave Act will compensate workers for up to 20 weeks of personal medical leave. However, if the worker already filed a personal or family leave claim within the past calendar year, they may not be able to collect for the full 20 weeks.
On the other hand, employees can collect STD income replacement for up to 26 weeks, regardless of other claims.
Long-term disability insurance typically goes into effect 26 weeks after an employee becomes disabled. STD provides income replacement for those six weeks (or more) once PFML runs out, before LTD begins.
Better benefits help reduce employee stress and improve retention rates within a company. Combining PFML with Group STD and the best long-term disability insurance , plus ancillary benefits like dental, vision, and Group Life AD&D can set a Massachusetts business apart.
Contact InsuranceWholesaler | Michael Cohen 6312935100 ex 800 Michael.Cohen@dblcntr.com
The DBL Center, a wholesale insurance general agency specializing in statutory benefits, recently posted a summary of statutory disability and paid family and medical leave plans across the United States. Visit InsuranceWholesaler.net to find out what states are on the list.
“Most people don’t realize this, but 37 states threw their hats in the ring this past election to pass Paid Family Leave acts on a state level,” said The DBL Center President and CEO Michael Cohen. “This is a growing legislation that may ultimately become federal, like the Family Medical Leave Act, which offers unpaid job protection for those who are out of work due to illness or to care for family members.”
Moving into 2021, nine states, Washington D.C., and Puerto Rico offer statutory disability plans to employees. Of those states, only Hawaii, New Jersey, and New York provide options to privatize statutory disability through an independent insurance carrier.
California, New Jersey, New York, Washington, Massachusetts, and Rhode Island offer Paid Family Leave as subsets of statutory disability plans. For instance, PFL in New York is written as a rider to DBL coverage.
In New Jersey, Family Leave Insurance is included automatically with TDB premiums. In Massachusetts and Connecticut, the Paid Family and Medical Leave Act covers both family leave and medical leave. It can be written through the state or through a private insurance carrier. Private plans typically offer faster, more flexible payout options and personalized service.
As more states add paid family and medical leave benefits to their statutory disability programs, business owners enter uncharted territory. Reputable insurance brokers can provide the education and guidance business owners need to select the right plans.
“It’s important for business owners to understand the tremendous advantages of writing their coverage with a top-rated carrier rather than going settling for what their state offers,” Cohen says. “Private plans can provide better service, faster claims, flexible payout options, and costs savings over state plans.”
Get a free demo of the Broker Dashboard: Net Revenue Tracker today
The DBL Center, a wholesale general agency, has been breaking new ground when it comes to providing superior customer service and a tech-forward approach to statutory disability sales for insurance brokers.
The Broker Dashboard: Net Revenue Tracker software-as-a-service enables brokers to:
The dashboard provides brokers with everything they need from an account management basis to compare premiums and bind policies easily from anywhere they happen to be.
Accessible from mobile phone, PC, or desktop computer, the Broker Dashboard was met with accolades from brokers as a great way to stay on top of renewals and cancellations and to manage their business from anywhere.
Broker Dashboard Increases Functionality and Adds New Features with iOS App
In September 2020, nearly 3 years from the date of its launch, the Broker Dashboard got its own app in the Apple App store. Available for iOS users (iPhone and iPad mobile devices) the app brings all the functionality of the Broker Dashboard: Net Revenue Tracker SaaS to any iOS mobile device.
User-friendly and intuitive, the app is the future of statutory disability insurance in New York, New Jersey, Connecticut, Massachusetts – and beyond.
The DBL Center is offering brokers a free live demo of the Broker Dashboard: Net Revenue Tracker and its new features. Brokers who take advantage of the demo will receive free access to the Broker Dashboard for all their accounts.
The statutory insurance business is built on return customers and repetitive commissions. “As my father and DBL Center founder David Cohen used to say, ‘It’s not what you earn, it’s what you keep.’ In these challenging times, The DBL Center helps brokers retain more of their business for greater profitability,” says DBL Center CEO Michael Cohen.
Schedule a Broker Dashboard: Net Revenue Tracker live demo today.
Contact InsuranceWholesaler | Michael Cohen 6312935100 ex 800
The DBL Center, a statutory insurance wholesaler with more than 40 years of experience, continues to lead the statutory insurance industry with cutting-edge technology. This week, The DBL Center launched the Broker Dashboard: Net Revenue Tracker app in the App Store for iPhone and iPad users. The launch of the app enables brokers to work from anywhere while providing superior levels of customer service to their clients.
Already garnering five-star ratings and close to 200 downloads, the app is patterned after The DBL Center’s proprietary Broker Dashboard: Net Revenue Tracker cloud-based software solution for statutory insurance brokers across the northeast and beyond.
Offering all the functionality of the Broker Dashboard desktop application, the Broker Dashboard app for iPhone and iPad puts the capability to track renewals, cancellations, and commissions at broker’s fingertips.
The DBL Center also recently released a video detailing the capabilities of the Broker Dashboard software. DBL Center: Helping Brokers Embrace Change
Since the coronavirus pandemic began, studies show approximately 62 to 64% of U.S. employees shifted to remote work. Experts predict the trend to continue even after the pandemic ends. Through technology, resilience, and understanding, the statutory insurance industry can embrace this change and take the opportunity to be able to deliver even higher levels of service to business owners.
“If you run an insurance agency, it’s more important than ever to be able to manage a remote workforce and give your producers the tools they need to do their jobs – in their office or at home,” says DBL Center President and CEO Michael Cohen. “With the Broker Dashboard app for iPhone and iPad, the tools brokers need are just a touch away.”
Contact InsuranceWholesaler | Michael Cohen 6312935100 ex 800 email@example.com
Massachusetts becomes the fourth state in the Northeast to mandate benefits under a paid family and medical leave act DBL Center, the family-owned and operated wholesale insurance general agency specializing in statutory short-term disability benefits, is ready to offer Massachusetts insurance brokers and business owners incredible savings on PFML plans under the new Massachusetts Paid Family and Medical Leave Act.
The MA Paid Family and Medical Leave Act applies to individuals who need time off:
Privatize Massachusetts Family and Medical Leave Act Coverage for Competitive Benefits at Lower Rates As in New York and New Jersey, states which have offered short-term disability and paid family leave for several years, business owners in Massachusetts have the option to privatize their FMLA policies for substantial cost reductions.
By law, private FMLA plans must offer benefits of the same amount and duration – or better – than plans underwritten and paid for by the state. That’s why it’s important for business owners to find a source they can trust to write their family and medical leave act coverage in Massachusetts.
Bundle PFML to Save Even More
PFML is a stand-alone benefit, but not every carrier can write PFML as a stand-alone policy. DBL Center has the industry connections and the volume to write PFML direct to businesses or to act as an insurance wholesale general agency for Massachusetts brokers.
DBL Center delivers white-glove service, low premiums, and superior benefits packages. Businesses can save even more by bundling FMLA coverage with group ancillary benefits like dental, vision, and group life / AD&D. DBL Center Enhances Focuses on Customer Service and Technology
As testament to the company’s dedication to customer service and education, DBL Center recently launched a Massachusetts Paid Family and Medical Leave Act Resource Center on its website.
DBL Center also recently introduced 24/7 live chat on its website. Simply type in the chat box and a knowledgeable representative will answer your questions about the Massachusetts Paid Family and Medical Act, short- or long-term disability insurance, and group ancillary benefits.
“Massachusetts in the fourth state in our region to introduce paid family leave. As experts in short-term disability and paid family leave in New York, New Jersey, and Connecticut, DBL Center is poised to become the number one source for brokers and business owners, alike, to privatize PFML in Massachusetts for cost-savings and exemplary customer service,” says DBL Center President and CEO Michael Cohen. “We want anyone in Massachusetts affected by the law to know they can come to us with questions, for guidance, or to write their policies at substantial savings compared to the state plan.”
Celebrating 40+ years in the insurance industry, The DBL Center services 100,000 insured corporations through 4,000 brokers across 15 states as a wholesale insurance general agency. The DBL Center specializes in Disability Benefits Law (DBL) and PFL (Paid Family Leave) coverage in New York, Temporary Disability Benefits (TDB) in New Jersey, and Temporary Disability Insurance (TDI) in Hawaii. The DBL Center also underwrites, manages and maintains Group Life/AD&D, vision, and dental packages, as well as individual life and income replacement policies, giving brokers and their customers the benefits of multi-line discounts and a single point-of-contact.
Through its dedication to personalized, concierge-level service, The DBL Center Ltd. remains true to its roots as a family- owned and operated, relationship-focused wholesale insurance agency.
InsuranceWholesaler.net is the company’s gateway to premium service, low insurance rates, and high commissions.
For more information, visit InsuranceWholesaler.net, call (631) 293.5100 or connect with us on LinkedIn.
The DBL Center, a wholesale general agency with 40+ years of insurance industry relationships, wants to help New Jersey business owners privatize NJ temporary disability insurance for possible cost savings and white-glove service.
Privatized NJ temporary disability insurance offers businesses:
By law, premiums must be the same or lower than NJ temporary disability insurance written through the state. Private New Jersey TDB benefits must be the same as – or better – than those offered by the state.
Premiums for NJ Temporary Disability Insurance Increase
New Jersey has a robust disability benefits package. In January 2020, New Jersey TDB payouts increased to 66.67% of a worker’s average weekly salary, up to $667 per week. As of July 1, 2020, the benefit grows to 85% of a worker’s average weekly salary, capped at $881 per week.
With these benefit increases come a change in premium payments, too.
Employees now contribute .26% on the first $134,900 of earnings, with a maximum annual contribution of $350.74. Employers contribute based on employees’ earnings, with a cap of $35,000.
Is It Time for Business Owners to Privatize New Jersey TDB?
June 30, 2020 represents the next deadline to privatize New Jersey TDB.
Working through The DBL Center’s vast network of brokers, businesses can write privatized New Jersey TDB policies in three simple steps.
1. Obtain form AC-174.
Insurance brokers can no longer download the AC-174 form for their customers. Employers must visit the New Jersey Department of Labor website and fill out the Employer Application.
2. The DBL Center works with brokers to shop policies through a network of top-rated carriers.
The DBL Center does all the work from here. “We leverage our industry relationships and volume to find the lowest premiums. Many of our brokers save even more for their customers by bundling New Jersey TDB with ancillary benefits like vision, dental, and life insurance,” says DBL Center President and CEO Michael Cohen.
3 Enjoy exemplary service with privatized NJ temporary disability benefits (TDB).
DBL Center provides its New Jersey TDB brokers with the tools, resources, and relationships to deliver low rates, exemplary service, and benefits business owners can trust.
“The world seems to be changing here in the Northeast U.S. every day,” says Cohen. “The service New Jersey business owners receive from The DBL Center and our network of broker partners is one thing they can always count on.”
As Massachusetts enters phased reopening, businesses get set to pay Family Medical Leave premiums
Earlier this year, Massachusetts introduced the Massachusetts Paid Family and Medical Leave Act (PFML) for W-2 employees as well as some 1099 independent contractors. Benefits won’t go into effect until 2021, but employers can begin paying into the plan now.
As a shared benefit, MA Family Medical Leave Act premium costs are split between the employer and employees or contractors. Organizations with fewer than 25 employees can offer the plan to their workers as a voluntary, employee-funded benefit.
July 1, 2020 marks the first deadline for payments.
Coming as it does on the heels of coronavirus reopenings across the state, the deadline may lead to some confusion for employers.
How Much Do Employers Need to Pay?
Statutory insurance brokers in Massachusetts who work with The DBL Center can write FMLA policies independent of other lines. Employers can privatize policies under the Massachusetts Paid Family and Medical Leave Act affordably while receiving white-glove service.
With the first MA PFML payments coming up, business owners may wonder how much they owe for their plan, whether it’s funded by the state of Massachusetts or written privately. Amidst the confusion of reopening and re-hiring employees, businesses may need guidance when it comes to Massachusetts Family and Medical Leave Act premium payments.
Premiums are based on the total number of lives in a company, which includes all W-2 employees:
Independent contractors (1099 workers) are responsible to write their own policies and pay the full 0.75% contribution.
Businesses should report figures for the prior 3-month period. Contributions made by July 1, 2020 should include the total headcount from April, May, and June.
What About Furloughed Workers?
As COVID-19, the novel coronavirus pandemic struck across the U.S., many employers laid off or furloughed workers. If furloughed employees or workers on unemployment have earned at least $4,700 in the prior 12 months before filing, they may be eligible to file a PFML claim in January if they meet all other requirements.
In most cases, employers would still pay into benefits packages for furloughed employees, so these workers would count toward the organization’s number of active lives. However, unemployed workers would not.
During the pandemic, many organizations laid off employees and then brought them back to meet the June 1 deadline for loan forgiveness on a Small Business Administration (SBA) loan issued as part of the Paycheck Protection Program (PPP). Employees re-hired by June 1 would need to be counted as part of Massachusetts Paid Family and Medical Leave Act premium payments.
Need Help Calculating Premiums for the Paid Family Medical Leave Act Coverage in Mass?
With so many changes going on for business owners right now, calculating Massachusetts Paid Family and Medical Leave Act premiums can be complicated. It depends on employers’ total lives for the past three months. These numbers may have varied wildly as employees were furloughed or laid off and then brought back over the next few weeks. These employees count toward worker totals since they will be working in June.
“Here at The DBL Center, we’ve been experts in statutory insurance since 1976 when my father David Cohen started the company,” says Michael Cohen, DBL Center President and CEO. “With the tools, information, and resources we provide, our brokers are well equipped to deliver the best rates and superior service for privatized Massachusetts PFML insurance policies.”