One of the difficult decisions you may be going through as an employer or executive in charge of employee benefits is picking the right wellness plan. Wellness has been a buzzword the past decade and it is really beginning to pick up adoption particularly among large employers. In this segment of America’s Healthcare Challenge we take a look at wellness for employers.
As employee benefits continue to go through a fundamental change as a result of the Affordable Care Act, one of the most popular strategies employers are adopting to reduce cost is wellness programs. If properly designed, it can also be utilized as a way to improve employee morale and productivity.
Wellness benefits from an employer perspective can really identify savings. For example, simple things like getting biometric screenings and having wellness programs pay or cover some of the costs are major developments.
Weight loss, disease management, gym membership and smoking cessation programs are others that are popular amongst employers. This is because the ACA creates monetary incentives for employers to
Just short than half or 46% of large employers have studied and measured the success of the program and are finding them to be beneficial. More employers are expected to continue to add these
Another area to focus in on within that employer is to focus in on generational gaps within your organization. People at different stages of their careers are interested in
The millennial generation for example is looking for simplicity when it comes to employee benefits and are more likely to utilize applications through apps or online enrollment mechanisms. Other employees may prefer a more traditional approach so working with the right consultant or advisor is of upmost importance.
For help managing the difficult decisions of picking out the right wellness program for your organization you can contact E.D. Bellis today and one of our healthcare consultants will help you with this process. E.D. Bellis is a professional service organization helping companies and municipalities maintain compliance, reduce costs and improve operations with the latest employee benefit strategies. For more information including our wellness analytics risk assessment email firstname.lastname@example.org.