PORTLAND, Ore.-- Standard Insurance Company, a subsidiary of StanCorp Financial Group, Inc., today announced the release of The Standard Select(SM) suite of insurance products, which feature enhancements to the company's Group Life, Long Term Disability (LTD) and Short Term Disability (STD) insurance options for small businesses.
SST Group Dental insurance rounds out the line of insurance products, all designed for businesses with as few as two employees.
Upgrades to The Standard Select Group Life insurance include an accelerated benefit, repatriation benefit and travel assistance program. Offered in conjunction with Group Life insurance, Accidental Death and Dismemberment coverage is enriched with an air bag and seat belt benefit and family benefits package featuring higher education, career adjustment and child care benefits.
Guarantee issue, which eliminates the need for evidence of insurability, is available to all LTD and STD groups regardless of size, and LTD is further enhanced with a reasonable accommodation expense benefit and return-to-work incentives which provide valuable financial support to employees in their efforts to return to work.
SST Group Dental insurance offers three plan designs, all with access to a nationwide preferred provider organization network, the option for Dependents Dental coverage and administration of COBRA continuation coverage at no cost.
"The Standard has a history of helping customers of all sizes meet their employee benefits needs," said Brad Nantz, vice president of sales for The Standard's Employee Benefits Division. "With The Standard Select and SST Group Dental plans, we have responded to the requests of our smaller customers with a streamlined product that offers quality benefits solutions to groups as small as two employees."
In addition to flexible plan design choices that accommodate the diverse needs of small businesses, contributory plans, available with Group Life, Dental and STD policies, are an option for businesses that want to share the cost of coverage with employees.
With the comprehensive Group Life, LTD, STD and Dental insurance options from The Standard, a small business can fulfill many of its employee benefits with just one company. In addition to a dedicated small business customer service team, The Standard simplifies plan administration with its Web-based AdminEASE plan administration tools that allow small businesses to manage their insurance plans in a secure online environment.
Employers can view recent billing statements, update employee profiles, access group policies and certificates, obtain secure claims payment information, download reports and track, monitor and evaluate claim trends and expenses.
Source: The Standard Insurance Co.
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