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Welcome New England Harley-Davidson Dealers Association

Welcome New England Harley-Davidson Dealers Association. The Reality You Face. 3 - 4 Years Of Double Digit Increases -New England Market 1995 - 1998 average 5% increases 1999 - average 9% 2000 - 2003 average 15 % 2004 - beyond average 15% +.

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Welcome New England Harley-Davidson Dealers Association

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  1. Welcome New England Harley-Davidson Dealers Association

  2. The Reality You Face • 3 - 4 Years Of Double Digit Increases -New England Market • 1995 - 1998 average 5% increases • 1999 - average 9% • 2000 - 2003 average 15 % • 2004 - beyond average 15% +

  3. . . . the average company pays 3% of revenue for health care benefits – up 50% in five years Health care as percent of revenue Source: Hewitt Health Value Initiative; United States Census; Bureau of Labor Statistics (2002 Productivity estimated based on first 3 Quarters)

  4. Healthcare increases are rapidly consuming the growth in household income 100% =$2957 100%=$2293 100% =$1073 100% =$1093 • Annual increase in household income • Portion used to pay increases in healthcare premiums and out-of-pocket expenditures * 2002 estimate based on 2001 growthSource: U.S. Census Bureau, Kaiser Family Foundation, UHC Analysis

  5. New England Harley-Davidson Dealers Association • No Viable Association Health Plan Initiatives • Limited Interest from Major Insurers • Association, Chamber of Commerce, PEO • Small Group Reform • No Manual Consideration of Rates • Must Work Within What We Have • Maximize Cost Containment Strategies • Enter BENEMAX • Value Added Services Increasingly Important • What do you get for your money ?

  6. Member Health Care Expenditure 80% 70% 69% 60% $1,259 pmpm 50% 60% 40% $176 pmpm 30% $30 pmpm 20% 26% 24% 13% 10% 8% 0% Healthy Transitional Chronically Ill/High Risk ($1-$999) ($1,000-$4,999) ($5,000-$100,000) % Members % of Dollars

  7. Consumer Driven Health Plans (CDHC) • WRAP: Employer Picks Up 100% of Deductible Cost • HRA: Health Reimbursement Arrangement • HSA: Health Savings Account • FSA: Flexible Spending Account

  8. N.E. Harley Dealer Services • Online 2nd Opinions • From Partners Health Care specialists • Teaching hospitals of Harvard Medical School • Field Support • Full time resource to handle group education, Enrollment meetings, account service etc! • Full Time Compliance Officer On Staff • Assistance with federal and state regulations for all Harley Dealer Companies

  9. N.E. Harley Dealer Services • Independent Patient Advocate • Toll-free call center • Staffed by industry experienced professionals • “Ask-a-Dentist” • Pose questions online to a panel of dentist • Go2Dental • Median price of any dental service by zip code

  10. …And More • Virtual Benefit Manager (www.virtualbenefitmanager.com) • Ask claims & benefits questions online • Customized web site (benefit summary) • Employer Surveys • Conduct confidential surveys of employees • Measure employee satisfaction • Determine employee priorites

  11. …And Still More • One Stop Enrollment • Additions,deletions • Family status changes • Market Analysis • Continuous market rate analysis for all Harley Dealer Companies

  12. Reduced Cost for N.E. Harley Dealers • FSA Administration • No set up cost • No documentation fees • No discrimination testing fee • No minimum participation requirements • No annual or minimum monthly fees • Flat $10.00 per FSA participant/month • Free (optional) Debit Card

  13. More Reduced Cost for N.E. Harley Dealers • Cobra • Set up fee waived • Minimum monthly fee waived • Total Cobra administration and compliance for a flat $2.00 per employee/month which includes: Initial notification, Qualifying event letters, Premium collection and all service

  14. Additional Reduced Cost for N.E. Harley Dealers • Administration • Medical Wrap Plans • Consumer Driven Health Plans (H.R.A.’s, H.S.A.’s) • Medical Reimbursement Plans • Direct Reimbursement Dental Plans (Benedent) • (www.ada.org/dr)

  15. New England Harley-Davidson Dealer Association • BENEMAX thanks you for your time • Paul Cadieux and Nate Cooper • www.benemax.com • 1(800) 528-1530

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