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Authority: About 4% of program participants are covered by private plans; staff outlines data and fiscal estimates
Summary
Staff told the board that private plans currently cover about 59,000 workers (~4% of covered employees), that most private plans are fully insured, and offered staff estimates of foregone subject earnings and contributions; staff cautioned these are best estimates and said some counts are complicated by FEIN/subsidiary registrations.
Staff presented a detailed state-of-business update on private plans, noting most private-plan arrangements in Connecticut are fully insured and explaining the Authority’s approval process for private-plan exemptions.
"When we talk about private plans... these are the alternate method for an employer to provide paid leave coverage to their employees rather than using the state program," Michael said. He summarized the private-plan approval and renewal process: employees must be educated and vote; exemptions are approved…
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