Group Health Insurance and Employee Wellness: An Apple A Day Keeps Your Premiums At Bay
By William Johnson
President and CEO of CIBC of Illinois, Inc
In my business, I am fortunate to get a lot of opportunities to educate people. Whether I am talking with an employer or an employee, the best type of communication is when ideas are being shared, questioned, and integrated into a broader context. This kind of critical approach to education is always the best, mostly because the knowledge becomes ingrained with the overall picture rather than a top-down pontification that is in one ear and out of the other.
So in the arena of employee wellness, I am usually having proactive discussions with employers about the overall picture of employee wellness and their overall costs of benefits. When talking with employees, it is usually a reactive discussion because the employer’s rates are going through the roof due to claims related to poor health choices. The best answer to combating a ‘sick’ group is to get the employees well and into healthy lifestyle choices. For large and small companies alike, some benefits of a robust Wellness Program, in addition to reduced premiums, include:
- Reduced Sick leave
- Improved Workplace Morale
- Reduced Absenteeism
- Improved Performance
- Increased Company Loyalty
- Increased Productivity
Keys to a Successful Wellness Program
It’s important to get buy-in from everyone involved. A program will not be successful without the involvement and promotion of the program by managers. This Management Survey should be distributed so front-line managers can ascertain their role in the program.
Employee Wellness Survey
Survey your employees about their needs. This employee interests and needs survey is designed for just that.
The next phase is to look at your workplace for anything that will stand in the way of success. This Workplace Health Audit will identify any potential problems.
Our Three Levels of Wellness form should be used to evaluate your current practices and establish a plan for the future. We can implement these programs for you, or augment your current programs.
Make sure you keep compliant with HIPAA. This informative brief can help keep you compliant.
Start a Health Fair
One of the best ways to get a full wellness initiative off the ground is by holding a Health and Benefits Fair. CIBC plans and executes benefits fairs for our clients as part of our service offering, and we provide the service as part of a fee based, stand-alone service.
Healthcare Reform has also provided grants for companies undergoing a wellness initiative, so if you are interested in looking at how the entire picture of Wellness applies to you and your business, contact us today. Wellness, no matter what the size of your group, is a critical part of controlling healthcare costs. It is one of our Solutions….that Work!
This article is intended for informational purposes only and should not be construed as legal advice. Please consult with a legal professional for legal opinions.
To get more information on CIBC of Illinois, visit us at www.CIBCINC.Com or call toll free 877-936-3580.
Posted on February 5, 2013, in Health Care Reform, Wellness and tagged Employee benefit, Employment, group health insurance, Health care reform, Illinois, Insurance, Kankakee, Obamacare, PPACA, Workplace wellness. Bookmark the permalink. Leave a comment.