Wed, 25 Mar 2020 17:13:52 GMT
Sean Cooley, executive director of the Producers’ Health Benefits Plan (PHPB), today announced a relief package voted on by the PHBP Board of Trustees to assist its AICP-member participating employers and covered staff and freelance employees as the coronavirus/COVID-19 pandemic results in cancelled and postponed commercial shoots, slowing workflow and loss of employment that is impacting the commercial production and post production industries. These measures will ensure that covered freelance employees are not at risk of losing their health benefits during this crisis; allows employers the option to temporarily insure laid off employees; and offers discounted premiums to those who may lose employer-paid coverage. PHBP covers approximately 4,000 workers and their families, with over 200 participating employers.
“PHBP’s primary reason for being is the health and welfare of the commercial industry’s freelancers and staff, and the production and post companies that employ them,” said Sean. “We’ve taken measures today to ensure our freelance population does not lose coverage due to the sudden halt of production, as well as offering financial relief by temporarily waiving all monthly fees such as dependent coverage costs.”
The PHBP is unique in the entertainment sphere in that it offers employers a path to insuring both their staff and freelance employees under one umbrella.
“As our member employers grapple with the financial effects of the current crisis, the PHBP is allowing full time coverage for staff that might be shifted to part time, and the ability to keep laid off employees on the employer’s medical plan,” continued Sean. “While layoffs by member employers have yet to materialise on a large scale, the Board wants to be proactive so production and post companies can better assess all options regarding the continued coverage of their staff employees.”
The Plan is also discounting monthly COBRA premiums, the self-paid continuation coverage offered to employees no longer covered on an employer’s Plan. “Whether you’re a recently laid off staff employee or a freelancer working hard to requalify for freelance coverage, this is huge,” says Sean.
Among the highlights of the relief package (all effective immediately):
“PHBP and its Board of Trustees – which comprises participating production company representatives and freelance employees - will continue to monitor the situation and adjust our course of action as required for prudent governance and the well-being of our membership,” concluded Sean.view more - Trends and InsightAICP, Wed, 25 Mar 2020 17:13:52 GMT