Is it possible that the Cadillac Tax will be a major health spending cost ‘deflator’?
The jury is still out on the ROI of various wellness program strategies, measurability and time frame of results. Some studies show a reduction in the number and size of claims mainly as a result of disease management programs. While other studies show great protection against shock claims by instituting biometric screening, exercise programs and preventative care education. Then there are studies that show little to no healthcare cost impact with the implementation of a wellness program. However, nearly all studies show an impact on absenteeism, presenteeism and employee morale. These are harder items to quantify but results can improve customer service, sales, productivity, turnover and the company environment in general.
Although many employers think that wellness programs are expensive and time consuming, there are a number of low-cost, easy to manage and interesting wellness options to consider. The most important thing to ensure when it comes to wellness is that it is being embraced from the top-down. Bestefits can provide you with wellness options the fit your budget and administrative resources.
READ MORE ABOUT WELLNESS OUTCOMES HERE
Related posts
