It’s time to prioritize paid family and medical leave benefits for all workers. America’s life insurance companies are eager to work with private employers and government to expand this crucial coverage.
Paid leave for all takes all of us
Nearly 62 million Americans benefit from employer-based paid leave. But, that’s not enough.
Whether welcoming a new child, recovering from an injury, or managing illness, all Americans should be protected from economic loss when taking time off from work to care for themselves or a loved one.
By building on and expanding the existing employer-based system, insurers, employers, and government can reach more workers with coverage quickly and cost-effectively.
75% support a partnership between the government and private plans that provides paid leave for employees of small businesses and self-employed workers.
How It Works
Private insurers have the tools and experience to cover more workers and families through employer-based plans. A public-private partnership can build on this expertise.
- Over 47% of full-time workers receive paid medical leave benefits through the private sector.
- Private insurers pay out $11.3 billion in paid leave benefits each year.
- Private insurers review more than 2,002,000 short-term disability claims annually.
- Insurers work fast, with most claims paid in just 13 days on average.