A truly balanced benefits plan should include Disability, Life and Accidental Death and Dismemberment and Dental insurance, as well as a Retirement plan. At The Standard, we believe that every business should be able to provide these basic protections for their employees without breaking the bank. That's why we're introducing our Core Benefits Solution to the challenge of providing basic employee benefits.
Disabilities don't just happen to other people. Even the smallest employers can design STD and LTD plans that address their budget concerns while providing basic coverage to their employees, helping to protect them and their families from financial hardship in the event of a covered disability – and helping to rehabilitate the employees and return them to a productive role as soon as possible.
Life and AD&D insurance are at the core of a well-rounded benefits plan. The challenge for small employers is to select benefit amounts and plan features that balance the needs of their employees with the cost of providing coverage. Because we offer a wide variety of features and options, including the opportunity to layer a contributory additional life plan on top of an employer-paid basic plan, we can guide employers to the balanced plan that's best for everyone.
The Standard's Dental insurance policies include features that can help both employees and employers minimize their dental coverage costs. We offer comprehensive dental plan designs that are fully or partially employer-paid and that vary in the deductible and the benefit waiting period.
Employers can also benefit from lowered costs thanks to our dental consultants, who evaluate the necessity of dental procedures and their appropriate costs. And an advanced claims system verifies employees' eligibility for benefits so that employees receive benefits only for procedures for which they qualify.
Increasing numbers of people are facing their golden years without a pension to rely on. Meanwhile, the cost of living, in particular the cost of health care, continues to rise. Despite these concerns, millions of workers are not saving adequately for retirement.
The Standard can help the small-business workforce catch up. We offer a range of plans that meet the budget requirements of these businesses, minimize the administrative burden, and provide investment flexibility for employees, helping them fulfill the promise of a financially secure retirement. Our plans include:
To learn more about the Core Benefits Solution, contact your insurance advisor or the Employee Benefits Sales and Service Office for your area at 800.633.8575.