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Maximizing Wellness Strategies

Maximizing Wellness Strategies and Minimizing Cost $5 $2 $4 $2 $3 tis 9$ Today's employers live in an environment where health care requirements and strategies are quickly and radically changing. These changes have left many organizations scrambling to figure out how to offer employees benefits while keeping health insurance costs down. Join us in exploring tactics and trends for maximizing wellness strategies while minimizing costs. Employer Health Care Tactics Of employers offering a wellness program: -60% 40% use their insurance use an independent wellness firm company to offer this benefit - United Benefits Advisor Health Plan Survey 84% of employers report using rewards rather than penalties to motivate employees to participate in wellness initiatives. More than 3 out of t employers with a wellness program offer lifestyle management and over 50% offer disease management. 2013 Workplace Wellness Programs Study, RAND Health Employers that required employees to complete a health risk appraisal/ biometric screening to be eligible for other financial incentives 35% 54% 2011 Vs. 2013 - 2013 Reshaping Health Care Report, Towers Watson 30% of companies reward employees for participating in a smoking cessation program. 9% of companies use penalties for tobacco users that don't join a smoking cessation program. 12% of companies use surcharges for tobacco users, at roughly $50/month. - 2013 Reshaping Health Care Report, Towers Watson Percentage of employers offering the following wellness incentives: Raffles/Drawings 42% Gifts/Merchandise 36% Gift Cards 33% Premium Discount 26% Cash 26% HSA/HRA/FSA Contribution 13% Other 12% Vacation/Paid Time Off 9% Reduced Cost Share 8% Sibson Consulting' Health Enterprise Survey Results 52% >60% of employers offering wellness programs in 2012 believed that the programs were effective in reducing the firm's health care costs. companies with wellness programs state that it reduced health care costs. Around 4 out of 5 reported that it decreased absenteeism and increased productivity. - Kaiser Fomily Foundation -2013 Workplace Wellness Programs Study. RAND Health $2,225 74% dollars saved per employee by companies that are considered best performers in keeping health care costs down. of workers are extremely/very satisfied with their job if they are extremely/very satisfied with their benefits plan. -2013 Workforce Report, Afloc 2013 Reshaping Health Care Report, Towers Watson Techniques used by organizations to help them quantify the impact of benefits on business performance 65% Higher Retention Rates 47% Increased Employee Productivity 44% Decreased Absenteeism 36% Company Growth 31% Increased Customer Satisfaction 29% Increased Quality of Applicants 27% Lower Cost of Hiring -Harvard Business Review Benefits Report 7 Steps for Wellness Success 1 Create effective wellness communication strategies that use a variety of tactics ranging from face to face interaction to mass dissemination. All tactics should be tied to a broader communications strategy. Engage leaders at all levels. Managers need to consider wellness an organizational priority in order to effectively shift company culture. To expand your wellness offerings at little or no cost, use existing relationships and resources offered by your health care provider or other health experts. Make wellness activities convenient and easily accessible. 5 Offer healthy options in vending machines and cafeterias. Take steps to address unnecessary stressors at work. Design worksites to include open, clean and well-lit work areas, along with clean restrooms and soothing break rooms. -HRE Onfine & RAND Health CERIDIAN WE WANT TO HEAR YOUR VOICE! [email protected] uwwwbn

Maximizing Wellness Strategies

shared by cali06 on Oct 23
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The rising cost and complexity of health care insurance has driven many organizations to implement wellness strategies. View our infographic for insight into the wellness strategies used by today's or...

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Ceridian

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Health
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