As of 1/1, you and your employees started paying a new tax!
If you didn't explore an "Equivalent Plan" with your broker, it's not too late!
You can still get quotes!
And if you find something better, you have until 5/31 to notify the state. This will allow you to stop paying the tax until you start paying premiums on your own plan...
because companies with the state plan are essentially paying for nothing right now.
Unless, of course, your broker helped you secure an Equivalent Plan and gave you the info you needed to submit to the state! Equivalent plans don't always make sense, but we've helped dozens of Oregon companies find savings.
I just sat down with Candace Bennett, The Benefits Manager at Laporte Insurance In Portland to record a quick conversation on the state of PLO in OR. She has helped a LOT of companies with this and shares her insights, bringing 13+ years of benefits experience to the table.
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