2. Who is Benefiq?
We are a leading provider of lifestyle
enhancement, private label credit card and
supplemental insurance membership programs
to consumers, employers, agents and
membership organizations
We deliver our programs using a blend of
proprietary technology, world class support
infrastructure and market leading supplier
network for a fully personalized, turn key offering
Privately held company headquartered in
Phoenix, AZ and led by an experienced
management team with more than 30 years of
industry experience
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3. Our offering
Benefiq offers membership programs, branded credit cards and
voluntary insurance services tailored to lifestyle needs of various
constituents:
Consumers
Employers
Membership organizations
Insurance agents
Internet portals
Each one of the programs offered by Benefiq is available as a
monthly subscription offered to selected partners with the intent to
enhance daily lives, improve existing coverage and increase value
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5. Voluntary Insurance
Turn key solution for groups looking to offer easy to administer voluntary
insurance programs:
Term Life Insurance – 10, 15, 20 and 30 Year Terms
Permanent Life Insurance – Lifetime Coverage
Cancer Insurance – Money for Emergencies
Critical Care Insurance – Dollars for Heart Attack, Stroke, etc.
Accident Insurance – Money for Fractures, Burns, Emergency Care
Short Term Medical – For Elimination Periods and COBRA Alternatives
Student Medical Insurance – For employees with college bound children
Completely hands off, Web-based with self enrollment
No HR or other administration, no payroll deductions, plans are
individually owned and portable. No change in premiums.
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6. Lifestyle Benefits
Alternative Medicine Long Term / Elder Care Vision Care
Medical Supplies Medical Health Advisor Funeral Protection Plan
Chiropractic Medical Records Storage Roadside Assist
Medical Travel Assist Auto Maintenance Shopping Service
Counseling Fitness Advantage Home Security Systems
Nurse Hotline Flowers For All Occasions Identity Theft Protection
Diabetic Supplies Legal Services Travel Reservations
Personal Wellness Online Vitamins Interstate Moving
Dental Care Real Estate Magazine Service
Pharmacy Discounts Tax Help Line Dining Discounts
Family Consultation Home Repair Movie Tickets
Hearing Aids Theme Parks Financial Help Line
Credit Repair and Tutoring Golf Savings 24x7 Medical Hotline
Hotel Savings Recreation Discounts
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7. Sample Product Offering....
The next few slides show
the offering on Teladoc’s website.
You will find that we are able to
bundle packages to create a more
competitive and value added
offering.
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15. While we are showing Lifelock here
in the next slide...however, just last
week we contracted with Merchant
Services to offer their Identity Theft
Protection plan, which is better
than Lifelock and pennies on the
dollar in comparison.
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17. Cost with Benefiq Partners will
include the Family in all our
pricing. When bundled, you’ll
save MORE.
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18. Delivery methods
Benefiq services are delivered directly to consumers or
employees/members through a fully personalized Web site
as either
Voluntary – where enrollment requests are processed as a
result of member solicitation
Non-Voluntary – where enrollment costs and solicitations are
made part of a membership materials and associated fees
Members can join, cancel or update their membership
using self-service enrollment screens
All membership materials (booklets, cards, call center and
member communication) are branded and deliver in a
consistent manner
Online reporting assures timely tracking of enrollment and
attach rates for voluntary enrollment programs
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19. Economic value proposition
BENEFIQ services are delivered at “member only”
costs, combining heavily discounted subscription with
additional savings not available to retail customers
Example “bundle” price comparison:
Service BENEFIQ Price Standalone Price
TelaDoc Included in Bundle Online - $5-$10/month and $35 consult fee
NO CONSULT FEE
Legal Aid Included in Bundle Pre Paid Legal Services Inc. - $25/month
NO CONSULT FEE for new matters
Lifelock Included in Bundle LifeLock - $10/month per individual
Each adult is $10/month $2.50/child
Sample $12 /month (This is a plan design for a $45-$60/month + $35 Consult fee per
pricing smaller group of around 10,000. The pricing occurrence
drop’s significantly with larger numbers.
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