Providing health benefits to employees is a strategic investment that can yield significant returns in the form of employee appreciation, satisfaction and retention. But as health care costs continue to rise, many companies are seeking ways to control or even reduce spending on health benefits – without sacrificing coverage or shifting costs.
That’s not always possible; however, there are tactics and strategies that can help you keep your costs and employee morale in balance. You can involve your employees more in their own health care by offering wellness programs and education in preventive care. You can also explore consumer-driven health plans that offer health savings accounts or reimbursement for care costs.
The experts at IPG can help you create a long-term health care benefits strategy that best meets the needs of your company.
- For more information on the factors leading to the greatest increases in health care costs since the early 1990s, and some solutions that firms around the U.S. are undertaking to help soften the blow, download our special report: “Healthcare Costs and Your Employee Health Plan“
- For more information on rising prescription drug costs, download the Kaiser Family Foundation drug report: “Prescription Drug Trends.”
- For details on the different types of plans available, including a concise comparison chart, download our special report: “Comparing MSAs, HSAs, HRAs, and FSAs: Which Approach is Best? “
Controlling costs through wellness programs
What’s the best way to lower employer health care costs? Help employees stay healthy! Yet, according a recent survey of more than 3,000 companies nationwide, fewer than 50% implemented programs to encourage wellness (such as flu shots, classes in weight loss and nutrition, blood pressure checks, etc.).
If you are considering a wellness program at work, we encourage you to get employee buy-in at an early stage by finding out general information about their health status and wellness activities they would consider participating in. This will help you design a plan that employees will enthusiastically embrace, with programs and services they’ll actually use.
For a sample survey that you could adapt for your employees download “Wellness Program: Needs & Interest Survey”
The Web: Your ally — or your enemy –in promoting wellness?
Many people today turn to the Web for answers to their health and medical questions. But while there are many sites offering sound health advice on the Internet, there are many more sites that offer bad information, quack remedies and dangerous advice. You can help your employees determine whether the information they obtain online is valid or not by providing the following guidelines:
- Is the name of the author listed on the page?
- Is there contact information for the author other than an email address?
- How are the “facts” presented? Is the information written with objectivity or is there author bias throughout?
- Are there advertisements on the site that promote the author or company opinion?
- How recently was the page written, published, or last updated?
- Can you verify the information or conclusions through other credible sites?
Click here for a list of reliable websites for health-related information.