Benemax Firsts

Innovation in Benefit Management

d 2007: Benemax Private Equity consolidates companies in a PEG portfolio to leverage buying power and offer a single, portfolio-wide health benefit plan.

d 2004: Benemax offers no cost, online second opinions from Partners Health Care, the specialists affiliated with Harvard Medical School teaching hospitals.

d 2003: Benemax enhances its Consumer Directed Dental Plans with Dentistat credentialing, median cost data from Go2Dental and “Ask-a-Dentist” online.

d 2002: Benemax develops “The Road Map” for employers seeking to introduce Consumer Directed features over a period of 2 to 5 years.

d 2001: Benemax introduces the Triple Option Plan (TOP), a strategy that empowers employees to choose their own “best” benefit, cost and risk level.

d 2000: Benemax introduces “kinder, gentler” Consumer Driven designs for small and mid-sized employers.

d 1999: Benemax integrates full function, online benefit management (Virtual Benefit Manager) with a toll free call center (Independent Patient Advocate).

d 1992: Benemax creates Virtual Indemnity Plans by wrapping PPO/POS plans, using blind networks to capture provider discounts without sacrificing patient choice.

d 1989: Using wrap technology, Benemax clones legacy benefit plans to satisfy union contracts and other employment agreements.

d 1988: Benemax offers a Consumer Directed Dental Plan.

d 1986: Benemax adds consumer incentives to its health benefit plans.

d 1985: Benemax wraps a thin layer of employer-funded benefits around a fully insured, high deductible health plan creating the first CDHP chassis.