Standard Benefits Functions & Features

The Standard Benefits Functions & Features comprise the following elements:

• Establishes benefit plans, providers, and rates

  Establishes benefit plans, providers, and rates, Standard Benefits Functions & Features

• Identifies dates for insurance coverage and deduction calculations

  Identifies dates for insurance coverage and deduction calculations, Standard Benefits Functions & Features

• Maintains dependent and beneficiary information

  System tracks which dependent/beneficiary is primary, secondary and other levels within a particular benefit record, by plan type. For example, a spouse may be designated as all of the following: sole beneficiary of a life insurance plan, one of several dependents in a medical plan, a 50 percent beneficiary of a savings plan, with a child named as the beneficiary of the remaining 50 percent. A large number of beneficiaries can be defined per plan, per employee Maintains dependent and beneficiary information, Standard Benefits Functions & Features

• Employees have rollover benefit alternatives

  for certain types of tax deferred investment plans Employees have rollover benefit alternatives, Standard Benefits Functions & Features

• Base benefits maintenance decentralized to the employee level through the use of internet or internal mail capabilities

  Base benefits maintenance decentralized to the employee level through the use of internet or internal mail capabilities, Standard Benefits Functions & Features