Case Study 4Value of FlexibilityInternal Review
Success Story: The Value of Flexibility Gallagher and The Standard Client: This is a hospital client that was in One of the largest public health systems in the United States, need of better leave and accommodation offering specialty services that attract top talent and provide state-of-the-art care services. We were able to establish this 6,000 eligible employees with The Standard, and we had the ability to customize the leave notifications THE CHALLENGES to best fit with the hospital group. • Inflexible products and services with medical carrier • Inconsistent portability and conversion process • Needed to save on ancillary to pay for absence • Retiree population costs too high THE SOLUTIONS A JOINT WIN FOR GALLAGHER • Competitive rates on ancillary AND THE STANDARD • Savings on core products covered cost of outsourcing Family and Flexibility Medical Leave Act and Americans with Disabilities Act services Offering Voluntary benefits and streamlined benefits • Voluntary benefits offered flexibility administration provided the efficiency the client • Benefits Administration Technology Offset Program helped cover needed. We also provided the client with a strong, benefits administration system flexible financial incentive. • Automated portability and conversion notice to remove Compliance Expertise administrative burden Our client doesn’t have to go it alone when it comes • Increased guaranteed issue on Voluntary Life insurance to compliance. Outsourcing support from an expert Products offered: can help reduce the administrative burden and Short Term Disability insurance · Long Term Disability insurance · headaches from mismanaged documentation. Life insurance · Paid Family and Medical Leave services · Accident Competitive Savings insurance · Critical Illness insurance · Hospital Indemnity insurance Our client was able to save on benefits administration technology and core products so they could invest in the things that matter. The Benefits Administration Technology Offset Program allowed them to pick up Supplemental insurance. Competitive ancillary rates allowed them to outsource compliance services. Standard Insurance Company | standard.com Standard Insurance Company Internal Data as of June 30, 2018. The Standard is a marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are off ered by Standard Insurance Company of Portland, Oregon in all states except New York. Product features and availability vary by state and are solely the responsibility of Standard Insurance Company. SI 00000 (0/00)