The Standard Defers Rate Increases for Small Business Customers

Standard Insurance Company (The Standard) announced on March 26 that it will hold benefit plan rates stable for all groups up to 500 employees with renewal dates of May, June and July 2020. “As we face the challenges surrounding COVID-19 together, The Standard recognizes that this pandemic is taking a particular toll on our small business customers,” said Dan McMillan, vice president of Employee Benefits. “We are making a number of accommodations for our small business employee benefits partners so they can focus on what matters most right now – their families, employees and businesses.”