1 IEEE Financial Advantage Program- More FAP Benefits Coming Your Way Lynn Koblin, Manager- Member Benefits Presentation to Membership Development Retreat 29 April 2005 Piscataway, New Jersey
Mar 27, 2015
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IEEE Financial Advantage Program- More FAP Benefits
Coming Your Way
Lynn Koblin, Manager- Member BenefitsPresentation to Membership Development Retreat
29 April 2005Piscataway, New Jersey
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Overview What is FAP? Who is IB&SC? What non-technical benefits do we have
around the world? What has IEEE HQ been doing to develop
additional benefits? Globally available products added 2004 Insurance Pilot Program 2004-2005 New opportunities 2005-2006
What can Sections do to work with FAP?
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IEEE Financial Advantage Program Mission Statement
• To develop portable, non-technical benefits and services exclusively for IEEE members and their families.
• Leverage the buying power of over 365,000 members in order to provide them with benefits that represent clear IEEE member advantages over non-members.
• To provide a non-dues revenue stream to IEEE, which helps to offset the dependency on dues.
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IEEE 2005 Individual Benefits & Services Committee
IB&SCBrian Lee 2005 Chair
Dale C. Caston IEEE FinCom
John Dentler Member-at-Large
Tuptim Angkaew Member-at-Large
Robert C. Vestal Member-at-Large
Moshe Kam MDC Liaison
Peter Eckstein RAB Liaison
Gary Blank IEEE USA Representative
Eric Holdrinet
Christian Borgert
Jorge Him
Y.W. Liu
R7 Representative
R8 Representative
R9 Representative
R10 Representative
Thomas Lynch Financial Services Staff Director
Lynn Koblin Manager, Member Benefits, IB&SC Secretary
Michel Stanziola Sr. Administrator, Member Group Insurance Programs
Mirelle White Sr. Administrator, Marketing & Affinity Programs
IEEE Financial Services Staff
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Committee Roles and Responsibilities• IEEE Bylaws I-305.
• The IEEE Individual Benefits and Services Committee shall be appointed by and shall report to the Board of Directors with administrative responsibility assigned by the Board of Directors to the Executive Committee. The Individual Benefits and Services Committee shall be responsible for formulating and recommending to the Executive Committee programs for individual member benefits and services. The Committee shall also be responsible for monitoring, coordinating, and advising on such programs. Organizational units of the IEEE may develop and submit recommended programs for the IEEE membership, which shall require review and coordination by the Individual Benefits and Services Committee.
• Proposed new benefits or special services shall be reviewed and evaluated by the Committee to determine their conformity to the Committee Guidelines established in the IEEE Policies, and with regard to financial and other legal liabilities, before such new benefits and services are recommended to the Executive Committee.
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Developing Regional Member Benefits Requires A Coordinated Effort
IEEEStaff
IEEE Volunteers
AffinityPartner
Legal&
Tax
IEEECommittees
IEEEMembers
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Globally Available Benefits
Gateway Portfolio- travel insurance Global MedNet – suite of protection
for vital personal information
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6 Distinct Gateway Travel Plans
Gateway USA Generally for business or academic purpose; Coverage in USA for
15 days to 18 months Gateway Visit America
Generally for leisure purposes; Coverage in USA 15 days to 6 months
Gateway International Short-term travel; Worldwide except to USA for 15 days to 6
months Gateway Premier
Business travel for 6 or more consecutive months up to 5 years Gateway Global
Frequent travel in 6 month or 12 month terms; renewable Gateway Plus
Expatriate assignments; worldwide and renewable annual plan; covers personal property and liability
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What if you were in an accident and unable to provide
vital medical history?
What if your passport was lost or stolen?
What if your child was missing?
Store your vital documents and retrieve them when needed in
an emergency, anywhere in the world.
Launch of Global MedNET programs
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Insight, Inc.Available in U.K., Canada and U.S.
Over 250,000 name brand computer hardware/ software products – discounted for IEEE members
IEEE member login and member discount
A full-service call center is available to answer product
questions. Local service and
shipping in U.K.
Launched Feb 14’05
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FAP Website Redesign: www.ieee.org/fap How to find your IEEE Non-Technical Member Benefits
Regional focus
News Features
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New ieeeinsurance.com homepage
One landing page for all Geographic areas, all insurance plans.
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IEEE FAP Globalization Efforts In Recent Years
Active 1998 Gateway Travel Ins. R 1- 10
Active 2000 IEEE Credit Card R7 Canada
R8 UK only
R9 Puerto Rico only
Active 2004 Inclusion of Quebec in Canadian Insurance
Canada
Active 2004 Global Med Net plans R 1 -10
Active 2004 High Limit AD&D R8 France only
Active 2005 Insight, computer retail program expanded
R 1-6 U.S.
R 7 Canada
R8 UK only
Preliminary Stages 2005 International Insurance Pilot Program- Phase II
R8 UK
Pending Launch 2005 International Insurance Pilot Program- Phase II
R8 Germany
Pending Launch 2005-2006 IEEE Professional Indemnity Insurance
R8 8 Pan-Euro
R10 Pan-Asia
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International Insurance Pilot Program Objectives:2004 -2005
Region 8: 4 Sections/5 Countries targeted for early adoption of insurance plans over 18 months
France, Germany, UK, Italy, Rep. of Ireland Partnering with Marsh Affinity Europe as broker,
product expert, marketing channel Partnering with insurance carriers who are known
in countries Local points of contact for member service Web-based access to product information and
sale, in native language
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New R8 and R10 Opportunities 2005-06 Professional Indemnity (PI) Insurance
A a key product in the engineering marketplace
PI meets the needs of self-employed professionals, and part-time consultants
PI can be difficult to obtain and expensive PI has done well in IEEE USA program Marsh is researching an IEEE PI program in
multiple countries Japan potential for test market
Credit Card Opportunities FAP in early stages of discussion with AMEX
Australia
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New Benefits in United States Grogan Advisory Services- Q2’05
Personal financial plans Discounted Objective
US Bank Visa Card- March’05 No annual fee 0% APR for 6 months Rewards programs
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What Can Sections Do? Identify benefit needs in your Section, with a
good email survey… FAP can assist with survey creation and delivery
Suggest reputable, local partners if you know them
Let HQ handle legal review and due diligence Member benefit should be approved by IB&SC Contracts, marketing agreements should be signed by
Staff Contracts involving over $25,000 expense or revenue
over the life of the contract go to Purchasing Dept.