Parental Leave Insurance

Predict costs and mitigate risk with
paid parental leave insurance 

Available for companies with 10+ full-time employees for all types of businesses across the US. Improve your bottom line and expand leave coverage for your workforce.
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Comparison
Better outcomes are possible, all within budget
Avoid budget uncertainty and make the right choice for your business and your employees
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Without Parento

Self-funded policy

A risky option with no budget certainty or personalization
Variable costs = no budgeting
Hard to afford and manage
Often only for birthing parents
No or limited employee support
No leave and claim support
Manual tracking or not at all
60% return to work rate

The Parento Difference

Parento

Covers all employees with a customizable fixed-price policy
Fixed price = budget certainty
Customizable policy
Covers all full-time employees
Personalization for employees
Assistance with STD/PFL filings
White-glove leave management
95% return to work rate
Trusted by employers nationwide
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Personalized

Customize a policy for your budget and team needs

Start your customization with length of leave, salary percentage, and weekly reimbursement. Using only a few pieces of non-personal employee data, we can deliver a custom quote within days.
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Compliant

Your new policy will cover all full-time employees

Our pioneering paid parental leave insurance covers all full-time employees who welcome a child through birth, adoption, and foster placement. Both birthing (e.g. moms) and non-birthing parents (e.g. dads, adoptive parents, foster parents, non-birthing mothers, etc) will be covered.

Parento's policies are EEOC, federally, and state compliant.
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Implementation

Launch your new policy in days, with no employee enrollment

With our low-lift implementation process, we can launch your new paid parental leave policy in days (seriously) and employees can begin using the Parent Experience Program on day one. And with no employee enrollment, you can implement a policy at any time.

We'll provide optional town halls and materials you need to announce your new policy and its offerings.
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Seamless

Parento works alongside state and private programs

Your new paid parental leave policy will work alongside state benefit programs, Paid Family Leave (where available) and your private short-term disability policy. Our Leave Concierge team will track all offsets and you have flexibility to run your policy concurrently or non-concurrently with existing state programs.
Learn more about Leave Concierge
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Parento provided critical support

Not only did Parento help with the financial aspect of parental leave, but it also provided a coaching program and critical support for new and current parents on our team. Our team strives to create a "green carpet" experience for our Change Agents, starting with our offerings. Using data we were able to make a case to our Executive team on the value the program can bring and to dedicate a portion of our budget to this new [policy].

Karen Fong
Senior Director, Human Resources at Rescue Agency
Read the Case Study
More details about Parento's insurance program

Frequently asked questions

What is Parento’s Paid Parental Leave Insurance?
Parento’s insurance program offers customizable policies that provide six to sixteen weeks of up to 100% paid parental leave. It is designed to give employers cost certainty while supporting employees through comprehensive benefits. The insurance works seamlessly with short‑term disability and Paid Family Leave programs to create a fully integrated, compliant experience for companies and employees.
What does the insurance cover?
The parental leave insurance covers paid leave reimbursement based on salary percentage caps, supporting all paths to parenthood from birth to adoption to foster placements. The coverage ensures that employer policies remain compliant across federal, state, and local regulations, while providing equitable coverage to all employees. The program operates as a full-service solution, replacing fragmented or inconsistent parental leave systems with a centralized, predictable model.
Who is eligible for coverage?
All full-time employees working a minimum of thirty hours per week must be included under the policy. This ensures that all eligible employees receive equitable paid leave benefits, while maintaining consistent criteria for employer participation. In addition, all employees who are parents with children up to 18 are eligible for unlimited parental coaching through the program.
What problems does having Parento’s insurance program solve?
This insurance program addresses the financial unpredictability that arises when multiple employees take leave at the same time, which is a challenge particularly for small and mid‑sized businesses. It also alleviates administrative burdens by managing payroll offsets, compliance tracking, and benefit coordination. By providing predictable costs and professional leave management, Parento allows employers to avoid the volatility and complexity that often make paid leave difficult to administer.
How does reimbursement work?
During the employee’s parental leave, employers continue to keep the employee on payroll. Parento then reimburses the employer either at the time of payroll, monthly, quarterly, or after the leave period ends. The platform also performs detailed payroll reconciliation, taking into account offsets from state programs such as disability or Paid Family Leave to ensure accurate payments.
How is Parento different from Short Term Disability (STD) or FMLA?
Parento differs from standard STD, which only covers birthing parents, because it provides paid parental leave for both birthing and non-birthing parents, up to sixteen weeks. FMLA or Family and Medical Leave Act coverage is unpaid leave for employers who met federal requirements. Additionally, Parento gives employees access to one‑on‑one return‑to‑work support, which is not included in typical FMLA or STD coverage. This combination results in a more supportive and equitable parental leave experience.
Can individuals buy Parento?
No, individuals cannot purchase Parento's insurance directly. Parento is an employer-paid parental leave insurance program, meaning it is designed to be purchased and implemented by companies rather than by individual parents. The insurance, leave concierge services, and coaching programs are all structured to work at the employer level, integrating with company payroll, HR systems, and state programs. If you’re an expecting parent, recommend Parento to your employer by visiting gimmeparentalleave.com. Download our toolkit for how to refer your employer.