PlanSource

Standard Insurance Company

For more than 100 years, Standard Insurance Company has helped give people financial security and the confidence to pursue their dreams. Along the way, they've earned an outstanding reputation for doing the right thing for their customers. An unwavering commitment to core values has helped The Standard to become a national leader in employee benefits and is at the heart of their customer service philosophy.

Why Choose The Standard

Founded in Portland, Oregon in 1906, The Standard is a nationally recognized insurance provider offering group disability, life, and dental. The company provides insurance to more than 28,500 groups covering approximately 7.6 million employees nationwide.* Their first group policy, written in 1951 and still in force today, stands as a testament to their commitment to building long-term relationships.

They always strive to do what's right - for their policyholders and their employees. This dedication has resulted in a national reputation for quality products, superior service, and industry expertise. To learn about how The Standard can help your clients, please read the product descriptions below.

* As of March 31, 2008, based on internal data developed by The Standard

Dental Insurance - Get Quote

 

With The Standard’s Group Dental insurance policies, everyone wins.
 

Your clients’ employees can save money by visiting member dentists through our Participating Provider Organization (PPO), where available.
 

The employer will benefit from the expertise of our dental consultants, who evaluate the necessity of dental procedures and their appropriate costs. In addition, our advanced claims system verifies employee eligibility for benefits so that they receive benefits only for procedures for which they qualify.

 

A Quick Summary of our Plans
 

Optima CareSM Dental Plan
A traditional indemnity plan ideally suited for the employer seeking maximum plan flexibility. To that end, Optima Care offers variable claim allowances, deductibles, coinsurance choices, and plan maximums.

Banner Dental CareSM Plan
A lower cost alternative to Optima Care Dental, it includes the most frequently used dental benefits that employers can further enhance with additional options.
 

Balanced CareSM Dental Plan
A good choice for the employer who wants to balance cost and quality care by covering essential procedures while controlling expenses through procedure limitations.
 

Voluntary Dental CareSM Plan
Voluntary coverage for an employer that wants to offer group dental coverage to employees without much, if any, cost to the employer.
 

Preferred CareSM Dental Plan
The Participating Provider Organization (PPO) plan is ideal for the employer who wants a choice of flexible plan designs that also provide employees with an incentive for using participating dental providers.
 

High/Low Optima CareSM Dental Plan
A plan for employers interested in balancing cost concerns with a choice of coverage levels that meet the financial needs of individual employees. Word choice concern-seems inappropriate in relation to dental insurance.
 

The Standard SelectSM Group Dental Plan
Available to small businesses with two or more eligible employees, it includes three plan designs, all with access to a nationwide PPO network, the option for dependent Dental coverage and the option for Eye Care and/or Orthodontia coverage (not available in New York).

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Banner Dental Care Plan

	Banner Dental Care Plan
Type 1 (Preventive) Expenses	Plan pays 100% of Usual & Customary Charge*
Routine Oral Exams	Once every 6 months
Fluoride Treatments	Covered through age 13
Cleanings	Once every 6 months, but combined with Periodontal Prophylaxis
Full mouth or Panoramic X-Rays	Once every 5 years.
Bitewing X-rays	1 set every 12 months
Type 2 (Basic) Expenses	Plan pays 80% of Usual & Customary Charge*
Simple Extraction
Amalgam/Composite Restorations	Once every 6 months per surface
Sealants	Covered through age 13, permanent molars, once every 36 months.
Endodontic Services (Root Canals)
Periodontal Prophylaxis	2 per benefit period (12 months) but combined with regular cleanings.
Type 3 (Major) Expenses	Plan pays 50% of Usual & Customary Charge*
Crowns, inlays and onlays, bridges, dentures, partial dentures, and prosthetic replacements	Once every 10 years
Periodontal surgery	Once every 3 years
Endodontic surgery
Oral Surgery
General Anesthetic with Covered Oral Surgery

Other Highlights Include:

• Deductible: $50 per Calendar Year waived for Type 1 with a $150 per Calendar Year family maximum
• Calendar Year Maximum Amount: Choice of $1000 or $1500
• Benefit Waiting Period: A 1 year wait on Type 3 Expenses. (Waived if prior plan inforce 2+ years)
• Max BuilderSM feature included
• Passive PPO negotiated fee discounts available in most areas
• Orthodontia (Adult and Child) is available for an additional cost. 50% Coinsurance. $1,000 Lifetime Maximum. Twelve month wait for current employees and new hires. Part or all of the waiting period may be waived depending on group size and prior orthodontia coverage.

* Maximum Allowable Charge is based on the 90th percentile of Usual & Customary charge

Additional Features and Benefits of The Standard's Group Dental Plan

• Employers can benefit from the expertise of our dental consultants who evaluate the necessity of dental procedures and their appropriate costs.
• An advanced claims system verifies eligibility for benefits so that employees receive benefits only for procedures for which they qualify.
• Toll-free customer service number and a 24-hour interactive voice response system make it convenient to reach us.
• Claims processing system automatically adjudicates two-thirds of claims received electronically and speeds payments.
• Online PPO directories and processed claim information are available online 24 hours per day.

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Long Term Disability - Get Quote

Group Long Term Disability (LTD) insurance with The Standard provides a monthly benefit to eligible employees who are partially or totally disabled due to a covered physical disease, injury, pregnancy, or mental disorder. We offer competitive product features and work with you to ensure that each plan meets your clients’ employee benefits package requirements. In order to deliver on our promise to provide for eligible employees during their time of need, we have dedicated a team of claims management professionals to assure superior service to you as well as your clients and their employees.

Key Features

• Flexible benefit percentages: 30 to 70 percent of predisability earnings
• Maximum benefit amount of up to $25,000 per month (may vary with demographics and industry)
• Choice of benefit waiting periods: as low as 0/3 for some specialty voluntary plans; more common choices include 30, 60, 90, or 180 days, one or two years
• Definitions of disability covering own occupation, any occupation and partial disability from day one
• Variable plan designs: one-year, two-year, three-year, five-year, and to age 65 own occupation periods
• Employee Assistance Program included for groups with 10 to 2,500 covered lives
• Progressive return-to-work provisions that encourage and support disabled employees in returning to work
• Reasonable accommodation expense provision that may reimburse employers for up to $25,000 for worksite modifications made on behalf of a disabled employee
• Rehabilitation plan incentives including training, education, family care, job-related, and job search expenses
• Family care expense option available
• LTD "buy-up" plans that allow employees to supplement their employer’s LTD plan from The Standard
   
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Short Term Disability - Get Quote

 

The Standard's Short Term Disability (STD) insurance plans are designed to provide coverage for total or partial disabilities resulting from physical disease, injury, pregnancy, or mental disorder. STD insurance offers an attractive option for employers who wish to supplement a sick leave benefit program. The Standard's group STD insurance provides a variety of plan options to serve your clients' specific needs.

Key Features

• Flexible benefit percentages: 40 to 70 percent of predisability earnings

• Maximum benefit amount of up to $5,000 per week

• Choice of maximum benefit periods: between three and 52 weeks

• Choice of benefit waiting periods for accidental injuries: between zero and 31 days

• Choice of benefit waiting periods for sickness or pregnancy: between three and 120 days

• Choice of non-occupational or 24-hour coverage

• First day hospital benefit and daily hospital benefit options available

• Employer FICA payment and W-2 tax reporting service available

• Partial disability included from day one

• No pre-existing condition limitation with most plans

• Self-funding options for groups of over 250 insured lives that have LTD coverage with The Standard

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Life - Get Quote

 

Group Life insurance is often the foundation of an employee benefits plan, offering protection for employees and their families in the event of death or other unfortunate events. The Standard offers a high-quality product with competitive employee and family-oriented features and caring service that your clients will appreciate.

• Coverage is available up to a guarantee issue amount without an evidence of insurability requirement

• Waiver of Premium provision offers continued coverage for eligible employees with disabilities

• Accelerated Benefit, one of the highest in the industry, is automatically included with all Group Life insurance policies that have Waiver of Premium

• Repatriation Benefit is automatically included with all Group Life insurance policies

• Portability is available for most industry groups, subject to state requirements

• MEDEX® Travel Assist, which helps employees with medical care situations and other emergencies when they travel more than 100 miles from home or internationally, is automatically included

• Standard Secure Access option allows beneficiaries to have benefits of $25,000 or more deposited into an interest-bearing checking account allowing quick access to funds

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Additional Life - Get Quote

 

The need for life insurance often extends beyond basic coverage. Offered as an option with our Group Life, The Standard’s Additional Life insurance allows insured employees to purchase added group term life insurance at competitive group rates. The schedule of benefits, evidence of insurability, and participation requirements can be tailored to meet employers’ specific needs.

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Supplemental Life - Get Quote

 

Offered as an option with our Group Life insurance, The Standard’s Supplemental Life insurance provides insured employees and their spouses an opportunity to increase their Group Life insurance coverage at competitive group insurance rates. For your clients’ employees, the product offers a convenient way to add to their families’ financial security.

• Employee coverage is available in increments of $10,000 (from $30,000 to $300,000), subject to state regulations

• Spousal coverage is available in $10,000 increments, up to a maximum that is subject to state regulations

• Spousal coverage is offered at the same group rates extended to employees

• Premium payments through convenient payroll deduction

• Waiver of Premium is available

• Participation requirements are subject to state regulations (No minimum participation required, though at least three applications must be received in order for coverage to be effective with the policy)
   

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Dependents Life - Get Quote

 

The Standard offers Dependents Life insurance as an option with our Group Life insurance coverage. Insured employees may purchase life insurance coverage for their eligible dependents at group insurance rates.

• Coverage for spouses

• Coverage for eligible children

Accidental Death & Dismemberment

Accidental Death & Dismemberment (AD&D) is offered in combination with our Group Life insurance, The Standard's AD&D provides additional benefits in the event of a covered accidental death or dismemberment. AD&D builds upon the foundation laid with Group Life insurance, and offers your clients the flexibility and features they need to meet their employees' needs.

• Seat Belt Benefit in addition to AD&D amount when an insured employee dies as a result of a covered automobile accident while wearing and properly utilizing a seat belt
• Air Bag Benefit, which provides further protection in the event of a covered automobile accident for which the Seat Belt Benefit is payable
• One of the most comprehensive Family Benefits Package in the industry, including benefits for Career Adjustment, Child Care and Higher Education; package is automatically added to all AD&D policies

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Standalone AD&D

 

The Standard offers a separate AD&D product that employers can purchase independently from our Group Life insurance coverage. Stand-alone AD&D provides benefits in the event of a covered accidental death or dismemberment.

• Amounts available in increments of $25,000, up to $500,000

• No evidence of insurability required

• Dependent coverage available

• Direct Deposit of benefit payments available through Standard Secure Access for claims of $25,000 or more

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Voluntary

 

The “one size fits all” approach to employee benefits doesn't work in today's marketplace. But what can you offer your clients who want to provide comprehensive benefits to meet the diverse needs of their employees, while minimizing the hit to their company's bottom line?
 

An employer-sponsored Voluntary benefit program is typically a cost-effective option for companies, and The Standard offers a full line of Voluntary insurance products to help you complete your clients' employee benefits puzzle. The Standard's Voluntary Life, Additional Life, Long Term Disability, Short Term Disability and Dental plans offer you and your clients:

• Low required participation rates

• Flexible plan designs

• Convenient payroll deduction

• Responsive claims services

• Employee pre-enrollment and enrollment communication materials

• Personalized enrollment packages from The Standard

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