Brokers

Brokers play a vital role in helping NH employers secure wage replacement benefits for their NH workers to address personal and family health needs while staying connected to work.

Brokers Can Help Employers Purchase New Hampshire Paid Family and Medical Leave (NH PFML) Insurance 

NH PFML is an attractive worker benefit that can give NH employers a competitive edge, and help them recruit and retain workers by providing:  

  • Wage replacement protection for workers to help them cope during a health crisis or care need
  • Reduced turnover and improved worker retention as workers stay connected to work
  • Increased worker morale and productivity

NH PFML insurance helps protect workers’ financial security and strengthens a business's bottom line.

Benefit to Employers 

By purchasing NH PFML employer-sponsored insurance through MetLife, the state’s PFML insurance partner, employers are eligible to receive a BET tax credit equal to 50% of the NH PFML insurance premium they pay. 

NH PFML Differs From Other States' Plans

NH PFML is a voluntary benefit available to all employers and workers but required of none. NH PFML insurance was established in state law as a voluntary insurance program, allowing employers and workers a choice whether to participate or not.
MetLife is the state’s PFML insurance partner. Other insurers or third-party administrators may be authorized to provide equivalent PFML insurance plans, but the BET tax credit is only available when NH employers purchase a NH PFML insurance plan through MetLife. 
 

Help your customers choose the NH PFML insurance plan that works for them

Brokers can support their employer customers by adding NH PFML insurance to their benefits solutions. Employer customers can choose the NH PFML insurance plan that best meets their needs and the needs of their workers.
 

6-Week Plan

6-Week Plan

  • 6 weeks of wage replacement benefits
  • 60% wage replacement up to the Social Security wage cap
  • Options for premium funding through employer and/or worker contributions
  • BET tax credit of 50% of premium paid by employer
     
12-Week Plan

12-Week Plan

  • 12 weeks of wage replacement benefits
  • 60% wage replacement up to the Social Security wage cap
  • Options for premium funding through employer and/or worker contributions
  • BET tax credit of 50% of premium paid by employer for
    6 weeks of coverage
     

If an employer does not provide employer equivalent benefit coverage, workers may purchase a NH PFML individual insurance plan for themselves from MetLife (employer obligations still apply).

How much does NH PFML cost?

As an agent, broker or consultant, you can help your employer customers work with MetLife, the state’s PFML insurance partner, to select a NH PFML insurance plan that meets their business needs (within regulatory parameters set by the state).  

NH PFML incentivizes employers to purchase six weeks of coverage by providing a Business Enterprise Tax (BET) Credit equal to 50% of the NH PFML insurance premium they pay.

An employer may fully fund the NH PFML insurance premium cost on their workers’ behalf, split the premium cost with workers or pass the full cost to workers. However, employers that pass the full cost to workers would not be eligible for the BET Credit.
 

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Are commissions paid on NH PFML?

Are commissions paid on NH PFML?

NH PFML is eligible for a chance to earn commissions when the agent, broker or consultant is licensed in the state of New Hampshire, contracted with MetLife to sell its products, and appointed to sell MetLife Disability and Absence products.

How do I get a quote for NH PFML?

Brokers need to be appointed with MetLife to sell the NH PFML coverage plan. 

If you are already appointed, you can follow the same process you do today to contact a MetLife underwriter. If you want to discuss licensing, please reach out to your MetLife Sales office to discuss the process.

Each employer will be individually underwritten. The following information is needed for MetLife to provide a quote for your employer customer:
•    Employer census
•    Request for 6 week or 12 week plan
•    Employer’s plan to fund it on behalf of their employees, split funding or pass the full cost to their workers
 

What is the claims process?

Covered workers submit claims for NH PFML insurance directly to MetLife; however, employers are obligated to address worker questions and direct workers to MetLife. 

Employers must also provide wage and leave information, work schedules and other benefits information to MetLife to support
NH PFML insurance claims processing.

 

Key Dates

NH PFML Plan: Begins January 1, 2023

Employer Enrollment (Ongoing): Begins December 1, 2022

Worker Open Enrollment: January 1, 2023 - March 2, 2023

 

 

Missed a webinar? Don't worry, click below to watch

 

September 2022 Broker Introductory Webinar: What Brokers Need to Know 

 

November 2022 Broker Introductory Webinar: What Brokers Need to Know

 

You have questions. We have answers.

Get the answers you need regarding NH PFML insurance.