12

Family and Medical Leave Insurance – Coming Soon?

by | Mar 5, 2014 | Tax and Accounting Desk

Toward the end of 2013, a bill was introduced that would allow qualified workers to be entitled to payments while on FMLA. Family and Medical Leave Insurance (FMLI), payments would be based on a formula and only 60 hours allowed each year.

How to fund it? You guessed it, another tax. The provision says a Family and Medical Leave Insurance Trust Fund would be established and funded by employees and businesses.

There are several stipulations for being eligible for a benefit payment. Eligibility would require being employed the previous 12 months, engaged in “qualified care giving” during the 90-day period before filing the application and a other FMLA requirements.

Stay Connected