New Hampshire's voluntary PFML program stands apart from its neighbors.
The Granite State PFML Plan, effective January 2023, offers a unique approach to paid family and medical leave. Unlike mandatory programs in surrounding states, New Hampshire provides tax credits to employers who offer PFML insurance through state-approved private carriers. State employees are automatically covered, while private employers and their workers can choose to opt in, reflecting New Hampshire's minimal state-level intervention philosophy.
NH Voluntary Granite State PFML Plan
New Hampshire's voluntary PFML program provides tax incentives for employers offering private PFML insurance, contrasting with mandatory programs in neighboring states.
What those rules do as a New Hampshire shift is created.
Teambridge doesn't directly manage leave entitlements under New Hampshire's voluntary PFML program. Instead, our system helps employers track eligibility for state tax credits and ensure proper communication regarding available benefits for employees participating in private plans. We ensure your records are compliant for claiming the state's business tax credit.
Tax Credit Eligibility Tracking
Teambridge assists in tracking employee participation and employer contributions to state-approved private PFML plans, ensuring you have the necessary data to claim the New Hampshire Business Tax Credit (BTC) for offering these benefits.
Benefit Communication Support
While leave administration is handled by the private insurance carrier, Teambridge helps disseminate information to employees about the voluntary PFML plan, including how to enroll, eligibility for benefits, and how to file claims with the private insurer.
Compliance with Record-Keeping
Teambridge ensures that records related to employer contributions and employee participation in approved PFML plans are maintained according to state requirements, facilitating audits and tax credit claims.
Put New Hampshire compliance on autopilot.
Leave the complexity to us. Teambridge automatically handles wage, hour, and leave rules, so you can focus on your business.
New Hampshire provides a voluntary PFML insurance program with tax incentives.
The New Hampshire Granite State Paid Family and Medical Leave (PFML) Plan is a voluntary, private insurance program established by RSA 21-I:58-d. It offers employers a business tax credit for providing PFML benefits to their employees through state-approved private carriers. State employees are automatically enrolled in the program.
RSA 21-I:58-d (Granite State Paid Family and Medical Leave Plan)
RSA 21-I:58-e (Paid Family and Medical Leave Insurance Program)
Employer Participation and Tax Credits
Private employers in New Hampshire can opt to offer PFML insurance to their employees through a state-approved private insurance carrier. Employers who purchase an approved PFML plan are eligible for a business tax credit equal to 50% of the premiums paid for the PFML coverage. This credit applies to both business profits tax and business enterprise tax. The program is designed to incentivize employers to provide benefits that are not mandated by the state, distinguishing New Hampshire's approach from its neighbors like Massachusetts, Maine, and Rhode Island, which have mandatory, state-run PFML programs.
Employee Benefits and Coverage
Under the Granite State PFML Plan, eligible employees can receive 60% of their average weekly wage, up to a cap, for up to six weeks of leave in a 12-month period. This leave can be used for qualifying family and medical reasons, including: caring for a new child (birth, adoption, foster care), caring for a family member with a serious health condition, managing one's own serious health condition, or for qualifying exigencies arising from a family member’s military deployment. The leave benefits are administered directly by the private insurance carrier, not by the state.
Teambridge helps you navigate New Hampshire's voluntary PFML landscape.
Teambridge streamlines the process for employers participating in New Hampshire's voluntary PFML program. While the state doesn't mandate PFML, we ensure that if you choose to offer it, your compliance with tax credit requirements and employee communication is handled efficiently and accurately.
Stay informed about program updates.
Teambridge monitors legislative changes and updates to the Granite State PFML Plan, notifying you of any adjustments to tax credit eligibility or program requirements, ensuring you always operate with current information.
Automate data collection for tax claims.
Our system helps track premium payments to approved private carriers and employee participation, generating the necessary reports and documentation to support your claim for the 50% business tax credit on PFML premiums.
Provide clear access to PFML information.
Teambridge integrates resources and links to your chosen private PFML insurance carrier, making it easy for employees to understand their benefits, enroll, and initiate claims, reducing HR inquiries.