If you want to offer an equivalent plan that provides the same or better benefits as the Paid Leave Oregon plan, you have two options:
1. Buy an insurance policy from an insurance company, which will be responsible for all claims, benefits, and payments. Oregon Department of Consumer & Business Services (DCBS) must approve the insurance company to provide equivalent plan policies.
2. Create your own equivalent plan. This means you will be responsible for claims, benefits, and payments of the equivalent plan, whether or not you use a third-party administrator.
In either case, you must apply through Paid Leave and pay the $250 application fee for a new equivalent plan. Paid Leave will need to review and approve any equivalent plan before you can offer it to your employees. More information on equivalent plans is online.