What is New Yorks insured plan option?
If the employer has their employees participating in an insured plan, the insured plan must offer at least the “Statutory” benefits dictated by the New York DBL. Employees must pay the required contributions to the plan (unless the employer assumes that obligation). The employer pays any additional premium that may be required by the insurance company to pay for incurred claims expenses and insurance company administration costs.
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- What is New Yorks insured plan option?
