The Maine Department of Labor (DOL) released the requirements for private insurance plans designed to replace the state’s Paid Family and Medical Leave program.

Once these plans receive DOL approval, insurance companies will be able to present proposals to our customers.

At Allen, we are confident that insurance companies are actively initiating their filing processes. However, the state has yet to provide a timeline for the approval of these plans. We will keep our customers informed as developments occur. In the meantime, we encourage you to connect with us for any insights or questions about planning for the PFML for your company.

Allen Insurance and Financial is an independent insurance and employee benefits agency, offering financial planning services through its Allen Wealth Management division. Allen is 100% employee owned and has offices in Rockland, Camden, Belfast, Southwest Harbor and Waterville. Call 800-439-4311. Online: AllenIF.com