{"id":492293,"date":"2021-05-12T09:22:54","date_gmt":"2021-05-12T13:22:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/benefitfocus-adds-the-standards-suite-of-voluntary-benefits-to-benefit-catalog\/"},"modified":"2021-05-12T09:22:54","modified_gmt":"2021-05-12T13:22:54","slug":"benefitfocus-adds-the-standards-suite-of-voluntary-benefits-to-benefit-catalog","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/benefitfocus-adds-the-standards-suite-of-voluntary-benefits-to-benefit-catalog\/","title":{"rendered":"Benefitfocus Adds The Standard’s Suite of Voluntary Benefits to Benefit Catalog"},"content":{"rendered":"
\n

Expansion of catalog offerings aligns with growing need for employee well-being<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n CHARLESTON, S.C.<\/span>, May 12, 2021<\/span> \/PRNewswire\/ —\u00a0Benefitfocus, Inc.<\/a>\u00a0(NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers,\u00a0<\/b>has added a full suite of benefits offerings from Standard Insurance Company (The Standard<\/a>), a leading provider of financial protection products and services for employers and individuals, to the growing range of products and services on its Benefit Catalog.<\/a><\/u><\/p>\n

\n

\n
\n \"Benefitfocus
\n <\/a>\n <\/p>\n<\/p><\/div>\n

The Standard’s portfolio of voluntary group benefits such as accident, critical illness, hospital indemnity, disability and life insurance help employees thrive by offering additional financial protection in the event of the unexpected. Their portfolio also includes dental and vision benefit plans that provide employees with increased choice, flexibility and value. <\/p>\n

“Benefitfocus believes interest in additional insurance plans will continue to grow from employers and employees alike, as employees seek a range of benefits to achieve their desired sense of health and financial wellbeing,” said Matt Levin<\/span>, Benefitfocus president & CEO. “With the addition of The Standard to our Benefit Catalog, we continue to enhance its position as a truly robust portfolio of health, wealth and lifestyle benefits to be integrated into the employee enrollment and engagement experience.”<\/p>\n

Recent analysis<\/a> of the 2021 Open Enrollment period concluded on Dec. 31, 2020<\/span> showed a rise in enrollment in supplemental insurance plans, a likely result of the effects caused by the COVID-19 pandemic. With the coronavirus affecting millions of Americans and often leading to hospitalization, employers sought additional benefits to help employees confront its financial impact. Benefitfocus also saw an increase in the purchase of hospital indemnity benefits and voluntary life insurance offerings through its Benefit Catalog. These observations reflect a growing demand for the sort of solutions offered by The Standard.<\/p>\n

“This integration continues The Standard’s commitment to strategic partnerships with select BenAdmin providers, and we’re delighted to expand our relationship with Benefitfocus,” said \u00a0Dayna Kirk, vice president of Customer Service and Voluntary Benefits for The Standard. “We’re pleased that our voluntary group benefits will be included on Benefits Catalog to offer additional choices that enhance the consumer enrollment experience.”<\/p>\n

\n Benefit Catalog
<\/b>Benefitfocus’ Benefit Catalog provides employers, brokers and health plans\u202fthe ability to offer customers more than 85 market-leading specialty benefits products from more\u00a0than 45 leading brands. This product catalog provides a simplified enrollment\u00a0experience that brings\u202fall categories of voluntary benefits together in one place.\u00a0Find out more about Benefit Catalog here.<\/a><\/p>\n

\n About\u00a0Benefitfocus<\/b>\u00a0
Benefitfocus\u00a0(NASDAQ: BNFT) unifies the entire benefits industry through innovative technology solutions that bring efficiency, cost savings and simplicity to employee benefits administration. Our powerful cloud-based software, data-driven insights and thoughtfully\u00a0designed services help employers, insurance brokers, health plans\u202fand suppliers\u202faddress the complexity of benefits enrollment and engagement, while bringing easier access to health, wealth and lifestyle products through\u00a0a world-class benefits experience.\u00a0Our mission is simple: to improve lives with benefits.\u00a0Learn more at\u00a0www.benefitfocus.com,<\/a><\/u>\u00a0LinkedIn<\/a><\/u>, Facebook<\/a>, Instagram<\/a> and\u202fTwitter<\/a><\/u>. <\/p>\n

\n About The Standard
<\/b>The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit\u00a0standard.com<\/a><\/u>\u00a0or follow us on\u00a0Facebook<\/a><\/u>,\u00a0Twitter<\/a><\/u>\u00a0or\u00a0LinkedIn<\/a><\/u>.<\/p>\n

The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York<\/span>, Standard Retirement Services, Inc., StanCorp Mortgage Investors, Inc., StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.<\/p>\n

\n DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS<\/i>\u00a0<\/p>\n

\n Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: volatility and uncertainty in the global economy and financial markets in light of the evolving COVID-19 pandemic and uncertainties arising from the recent U.S. elections; our continuing losses and need to achieve GAAP profitability; fluctuations in our financial results; our ability to maintain our culture, retain and motivate qualified personnel; the immature and volatile market for our products and services; risks related to changing healthcare and other applicable regulations; risks associated with acquisitions; cyber-security risks; the need to innovate and provide useful products and services; our ability to compete effectively; privacy, security and other risks associated with our business; and the other risk factors set forth from time to time in our SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http:\/\/investor.benefitfocus.com\/sec-filings<\/a> or upon request from our Investor Relations Department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.<\/i>\n <\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/benefitfocus-adds-the-standards-suite-of-voluntary-benefits-to-benefit-catalog-301289857.html<\/a><\/p>\n

SOURCE Benefitfocus, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Expansion of catalog offerings aligns with growing need for employee well-being PR Newswire CHARLESTON, S.C., May 12, 2021 \/PRNewswire\/ —\u00a0Benefitfocus, Inc.\u00a0(NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers,\u00a0has added a full suite of benefits offerings from Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals, to the growing range of products and services on its Benefit Catalog. The Standard’s portfolio of voluntary group benefits such as accident, critical illness, hospital indemnity, disability and life insurance help employees thrive by offering additional financial protection in the event of the unexpected. Their portfolio also includes dental and vision benefit plans that provide employees with … <\/p>\n

Continue reading “Benefitfocus Adds The Standard’s Suite of Voluntary Benefits to Benefit Catalog”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-492293","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBenefitfocus Adds The Standard's Suite of Voluntary Benefits to Benefit Catalog - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/benefitfocus-adds-the-standards-suite-of-voluntary-benefits-to-benefit-catalog\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefitfocus Adds The Standard's Suite of Voluntary Benefits to Benefit Catalog - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Expansion of catalog offerings aligns with growing need for employee well-being PR Newswire CHARLESTON, S.C., May 12, 2021 \/PRNewswire\/ —\u00a0Benefitfocus, Inc.\u00a0(NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers,\u00a0has added a full suite of benefits offerings from Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals, to the growing range of products and services on its Benefit Catalog. 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