Many small, medium, and large employer groups are trying to offer a better environment for employee health through various corporate wellness programs in the marketplace. The main reason for many Fortune 500 companies moving to a wellness initiative is due to the rising cost of healthcare. Many entities have found a large decrease in their health insurance claims upon implementing an employee wellness program. The human resources department for employers is expected to create a better work environment, while improving the employee health benefit program offered. The best way to reduce your health insurance costs is to reduce your claims level. Coupling an incentive based wellness program with your medical plan can save you up to 30% of your cost. How can a wellness program fix most of the problem that easily?
Every corporation doing business in the United States should be implementing a corporate wellness program today! We all know the current health care trend for employers. At a minimum, companies are paying an additional 12% per year due to medical trend. The average cost per employee (PEPM) is now over $10,000 per year. Get this; the known fact is that up to 75% of these medical claims costs are preventable. Having the options to offer you employees a variety of step by step behavioral modification programs should be available to your population.
Our health insurance system is going down the tubes in America. The various alternative funding models available to help control employers costs aren’t being used properly. You see time after time wellness programs that are in place, but do need interact with the health plan. They are one in the same and should be highly connected if you want to manage your costs. Simply put, your employees need to live healthier lifestyles in order for you to reduce costs. You must have a balanced wellness system that is methodical in its process from start to finish. A team leader must be put in place to organize your corporate wellness program to ensure that employees are offered positive reinforcement for better health behavior. If you do not have the staff to handle it, you can find a wellness coaching company to outsource the motivation.
A well thought out wellness program will help reverse the rising cost of health care over a period of time. You should first think about consulting with a wellness professional to see what types of programs will be the most beneficial and cost effective for your company. Once you have customized your wellness program and portal on paper you will have to think about the budget you have to make sure you can really follow through for an extended period of time with the plan. Remember that the best way to get employees involved in making better decisions about their health will come through your incentive programs. Offer rich incentive programs that you can track and offer rewards for. This will help make your corporate wellness program come full circle.
We know that the best wellness program will need to have some of the following criteria in the plan if you wish to really reduce cost and have a great outcome. You should do biometric screening, personal health risk assessments, a personal profile, a rewards incentive tracking system, various disease management programs, and even an option for an EAP program. Keeping engaged in the health of your employees will offer great results for everyone. Learn more about the best wellness program in your geographic area through our easy to use wellness quote from.