Private plans solutions that work for your business

As Minnesota's state-required Paid Family and Medical Leave (PFML) program takes effect on January 1, employers are discovering that private plans can offer better value, more control and lower costs than the state option. The Minnesota Chamber has partnered with leading insurers to bring you competitive alternatives that keep your business running smoothly while taking care of your employees.

Why Choose a Private PFML Plan?

• Cost savings that make sense. Private plan rates can be significantly lower than the state plan, giving you more predictable budgeting and potentially substantial savings on your payroll costs.
   
• Seamless expertise when you need it. Work with established insurance partners who bring proven experience in administering and paying claims efficiently. No bureaucratic delays, no confusing state processes,  just professional service that works.
   
• Flexibility designed for business. While private plans must meet all state benefit requirements, they can offer additional features and customer service that the state simply can't match.
   

What option fits your business?

Metlife details

MetLife PFML rate of 0.83% (2-year guarantee) to member groups meeting the following requirements:

• They have 25 to 200* employees, and
   
• They are not in the health care industry, and
   
• They meet the bundling requirements outlined below.

Minnesota PFML Minimum Bundling Requirements (based on employer size)

Minnesota PFML Eligible Bundling Lines

*200+ employees require a census for a quote.

ShelterPoint details

ShelterPoint offers a Private Plan for Minnesota's state required Paid Family and Medical Leave (PFML) program. Benefits include:

• Cost of coverage may be lower under ShelterPoint Private Plan than the state
   
• ShelterPoint brings seamless expertise, scalability and agility around administering and paying claims
   
• Work with a national and regional leader in state-mandated PFML benefits

Tier Rating approach - What you'll need

Benefits

• Cost of coverage may be lower under ShelterPoint Private Plan than the State
• ShelterPoint brings seamless expertise, scalability and agility around administering and paying claims
• Work with a national and regional leader in state mandated PFML benefits

How PFML Contributions Work for Private Plans

• Fully insured Private Plan rates are not tied directly to the State plan rate – they can be lower or higher than the State Plan rate
• However, Private Plans must not cost employees more than the maximum contributions they would be responsible for under the State Plan – or more than the Private Plan rate if it is less than the State Plan (Pending rules) from the Minnesota Department of Employment and Economic Development)
• Any cost in excess thereof is the responsibility of the employers since employers cannot profit from providing insurance coverage to their employees
• An employer may, at their discretion though, pick up all or part of the employee cost
• Either way, the employer is responsible for remitting the full premium due under the policy

The Minnesota Chamber is your trusted partner in navigating Minnesota's new PFML requirements. We've done the legwork to bring you the most competitive private plan options available. Don't let state mandates dictate your costs, take control with a private plan solution that works for your business and your bottom line.

Want to learn more? On-demand webinar on private plan options