All Maryland employers interested in exploring a private plan should be reviewing their options now. Private plans may offer competitive rates, dedicated support, and greater flexibility compared to the State Plan.
November 15 is the deadline for Maryland employers to submit a Declaration of Intent (DOI) to pursue a private FAMLI plan instead of participating in the State Plan.
Reasons to evaluate a Private Plan:
- Private plans avoid State Plan prefunding
- Often offer competitive rates comapred to the States rate of .90%
- Dedicated support from broker and carrier representatives
Reach out to a FosterThomas Advisor today to obtain private plan quotes, compare options, and receive guidance on the process ahead of the November 15 deadline.