Have you considered implementing an employee wellness program at your company or business? Employee wellness benefits your organization greatly, and in many ways, which is why we wanted to make you aware as a business owners. In fact, there are many employee wellness programs that can help your business save money, right down to the price of your insurance. Here’s how.
Employee Wellness Benefits
The ROI debate revolving around employee wellness programs is usually focused on the type of employee wellness program that revolves around lifestyle management, meaning it’s designed with things like dieting, exercising, and creating healthy habits in mind. The idea is that if your employees are taking better care of themselves and living healthier lives as a whole from your program, then there will be less health care claims, which can lead to a more affordable insurance premium.
The big question is, is it worth it for the ROI? That or, what is the ROI on this type of employee wellness program exactly?
We’re glad you asked. A recent study examined ten years of data from Fortune 100 companies that had implemented employee wellness programs at their firms. When they looked at companies who had a lifestyle management wellness program, disease management delivered 86% of their health care savings costs, which generated $136 in savings, per member, per month – and a 30% reduction in hospital admissions. The numbers don’t lie; employee wellness programs are here to better your business.
Additionally, employees who are considered “at-risk” due to being overweight, high blood pressure, diabetes, or things like depression can easily lead to health claims as well. Although, employee wellness programs can reduce the risks associated with these individuals as well, and at the end of the day, you’ll see less claims as a whole, and keep your insurance premium at an affordable low price.
Implementing a Wellness Program
When your employees are healthy, they will be more productive, and your company will certainly reep the benefits. Employee wellness benefits companies greatly, and we can help you get started today. We suggest taking a look at these 10 Great Examples of Workplace Wellness Programs. Remember, your wellness program can focus on what you think is best for your employees, and can be designed with your organization in mind. You can even meet with your team to get their feedback, and figure out what’s best for them and the future of your company.
Additionally, if you have any questions on your commercial insurance, our licensed insurance agents are here to help. If you have any questions on your policy, or if you’re looking for a quote, or even if you have additional questions on the benefits of employee wellness programs, feel free to reach out to us today.