December Webinar

Making Family Leave Easier on Companies and Employees

Seattle | San Francisco | Washington D.C. | Kansas City WWW.LEAVELOGIC.COM Tel: 757.655.3283 | info@LeaveLogic.com

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Welcome

Moderator

Anna Steffeney

CEO and Founder

LeaveLogic

www.LeaveLogic.com

Chris Bobbitt

Co-Founder

Freya Solutions

www.freya.cielostar.com

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Summary of Legislative Movements

• San Francisco Hearing

• Washington DC

• Montgomery County, Maryland

• Minnesota

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San Francisco Hearing

• Draft of Paid Parental Leave Ordinance just released

• http://sfgov.org/olse/paid-parental-leave-ordinance

• Hearing Details: December 2, 2016 at 1:00pm

• OLSE is soliciting public comments on the draft

• Sending written comments via email to pplo@sfgov.org by Friday, December 2,

2016 at 5:00 p.m PST

• Appearing in person and testifying at the public hearing, to be held at SF City

Hall on Friday, December 2, 2016 at 1:00 p.m.

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Washington DC

• D.C. City Council to vote on the Universal Paid Leave Act of 2015

• If passed, most progressive paid leave law in the country

• Would be the first jurisdiction to create paid family and medical leave

policy from scratch

• Rush to pass by end of year

• http://www.dcpaidfamilyleave.org/updates/2016/10/13/will-the-nations-

capital-become-a-national-leader-on-paid-leave

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Montgomery County, Maryland

• Bill 32-16 was unanimously passed by the county council on Nov. 1

• Goes into effect immediately

• Accrued sick leave for parental purposes

• Care for newborn or adopted and foster children

• Bill applies to anyone who works for a company in Montgomery County

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Minnesota

• 4th state to pass paid family leave law

• Still needs legislative approval, next year

• Other states: California, Washington, and New Jersey

• (New York is coming in 2018)

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Thank you!Thank you!Q & A with Chris Bobbitt

Co-FounderFreya Solutions

Questions

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What is Freya?

• Freya Solutions

• Makes Paid Parental Leave affordable for small to medium sized employer

• Up to 52 weeks of 100% paid leave for:

• Child birth

• Foster Care

• Adoption

• Risk pooling insurance policy, not short-term disability insurance

• Focused on enabling businesses to reap the benefits of improved employee moral and engagement

• Every employer get a paid leave document that can be used in an employee handbook

• Partnership with Lloyds of London, covers claims 100%

• Nothing like it right now!

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When was Freya started?

• Started work in middle 2015

• Started marketing early Nov. 2016

• Just getting started!

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Why Freya

Designed the world’s simplest insurance product to mitigate concerns.

Investigated the pains involved with building a robust parental leave program.

Dreamed of a Future where All Businesses could offer world class benefits.

Noticed the Struggle with Maternity and Paternity Leave

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Who Benefits from Freya Insurance

• Available nationwide, not particular to state or city

• Really great for companies with less than 500

• Variants of the product attractive to employers of

• Some volatility in the number of people on parental leave can be disruptive

to workforce

• Sweet spot is small companies that want to offer big company policies but

need to mitigate costs

• Should be available to any employer, that’s the vision

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How to Get a Quote

• Basic Employee Census Data

• Same sort of information used for health insurance and workers comp

insurance

• Can turnaround same day or faster

• ROI calculator available on website

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How do employees file a claim?

• The employer works with Freya directly to file claims.

• Simplifying complexity that can exist with paid parental leave

• Don’t want to get in the way of employee/employer

• Employer pays employee, we reimburse the employer

• Want employers to get the benefits of offering robust benefits

• Simple claims process for the employer

• HR validates the childbirth, adoption or foster care situation

• Much simpler than claims process at state or disability carrier level

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What type of Savings can Employers Expect?

• Example: 50 person employer, wants to offer 12 weeks

• Could spend up to 1-3% of payroll or as much as 6% in a year

• With Freya: Most employers spend a flat amount from 1-1.5%

• Possibly less if employers taken advantage of discounts for benefits already in

place (i.e. California benefits or current STD benefits)

• Not competing with current coverage, just filling in gaps and making a better

experience

• Cost of insurance is tax deductible as well as additional cost savings

• Employee size and legislative changes are always considered and coverage can

be adjusted

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Freya Solutions Team

Chris Bobbitt

Tarik

Scott Polkinghorn

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Learn More

Freyasolutions.com

chris@freyasolutions.com

Work with your insurance broker

Thank you!