Explore Our Resources and Services to Enhance Workplace Well-being

Case Study: Keeping Healthcare Costs in Check Through Wellness

by | Jan 10, 2014 | Miscellaneous

Transparency is extremely important to us, so we are letting you know that we may receive a commission on some of links you click on from this page. See our disclaimer.


“Over the course of a year, an employer can expect to spend $10,500 per employee in health care costs, a number that has risen steadily for decades. More and more, these rising costs mean that companies are finding their financial health tied to the health of their employees, prompting many to seek out new ways to promote active and healthy lifestyles,” Outdoor USA Magazine reports.

“In addition, businesses face increased regulatory pressure to keep health costs down, since starting next year, provisions in the Affordable Care Act [a.k.a Obamacare] will penalize employers if employees opt out of less affordable employer plans in favor of the new insurance exchanges. The penalties don't apply to businesses with fewer than 50 employees.”

“In response, wellness programs, loose collections of financial incentives for meeting goals like losing weight, quitting smoking, and getting yearly physicals, are on the rise. A study by health care and financial planning giant Mercer found that in 2012, half of large employers (companies with 500+ employees) offered wellness programs. The same study found out that they contribute to decreased costs; combined with high-deductible health plans, wellness programs save employers 20 percent on health care costs.”

“Performance sock-maker Wigwam is well ahead of the trend. It's had a wellness program for its 200 employees since 1995. The program has grown over the years, and today it consists of a yearly health fair that offers employees blood tests, vision tests, a health risk appraisal, and even perks like massages and yoga sessions. The company has also held ongoing programs, like a Biggest Loser contest.”

Written By Mike Veny

By Jane Doe, Certified Corporate Wellness Specialist

Jane Doe is a leading expert in workplace wellness with over a decade of experience in developing and implementing successful wellness programs. Her passion for creating healthier work environments has helped numerous organizations enhance employee satisfaction and performance. Connect with Jane to learn how you can integrate wellness into your corporate strategy.

Related Posts

Why National Depression Screening Day is About to Change Your Life!

Join Mike Veny as he discusses National Depression Screening Day, taking place on October 10th. In this vital conversation, Mike explains why early detection of depression is essential for peace of mind and overall health. He provides a clear definition of depression, shares his personal experience living with Major Depressive Disorder (MDD), and encourages everyone to get screened.

National Depression Screening Day is a crucial opportunity to raise mental health awareness and identify symptoms of depression early. This is also important for identifying serious mental illness. Don’t miss out on this important message from Mike Veny.

Here are some additional resources on depression screenings:

https://medlineplus.gov/lab-tests/depression-screening/

https://screening.mhanational.org/screening-tools/depression/

https://health.gov/myhealthfinder/doctor-visits/screening-tests/talk-your-doctor-about-depression

https://www.medicare.gov/coverage/depression-screening

###

Stay in touch with Mike Veny!
Website: http://www.mikeveny.com

Courses: https://bit.ly/mv-opensesame

Instagram: http://instagram.com/mikeveny

Facebook: http://facebook.com/mikeveny

LinkedIn: https://www.linkedin.com/in/mikeveny/

read more

0 Comments

Pin It on Pinterest

Share This