Corporate Wellness Programs – Employee Wellness Programs
Everybody knows today that working in corporate America could be a stressful situation. It seems that employees are expected to work longer hours and spend more time away from home. Long commutes and big amounts of work are taking its toll on American office employees. Something should be done; company wellness is a good way [...]
Employee health promotion is among the most crucial investments that a company can make. Organizations which begin health promotion programs are not merely investing in the physical health, safety, and mental health of the workforce, but are furthermore taking precautionary steps by creating a healthier environment.
By implementing a health promotion program, companies are able [...]
Do you know the fastest-growing reason for EAP use since 2003?
It isn’t for substance abuse or depression. Actually, it’s financial in nature. Over the last five years, there’s been a stated 69% jump in worker employee assistance program (EAP) use related to personal financial concerns.
The trend is not all that surprising in this [...]
Authorizing staff to bring camera phones to work can carry hidden legal risks.
But should you tackle this issue aggressively or trust your workforce to do the right thing? Every employer wants to develop an environment where workforce feel trusted by management. But there’s also the need to stay protected legally, and it isn’t always [...]
In a value-based plan, the idea is to reward staff for seeking treatments that promote wellness.
The more clinically viable the treatment, the less an staff member compensates out of pocket for it.
Example – Women over 40 and younger staff with a family history of breast cancer pay less for a each year mammogram than [...]
As scary as they seem at first glance, complying with HIPAA’s privacy rules may be relatively painless.
Contrary to common belief, the rules – with a few key exceptions – apply only to a fraction of the health information Benefits handles.
As long as the organization remains legally “hands off” of employee’s private health information, you can [...]
Many firms are still missing an opportunity to trim some medical plan costs.
Generic versions of high-cholesterol drug Zocor have been on market for two years now, but a fair share of business drug store plans have yet to make the switch.
When your PBM gives generic Zocor favored status on the formulary, now’s a good time [...]
When it comes to health-coverage laws, there’s often a domino effect.
As individual states require insurers – and in some cases, employers – to cover or offer coverage of specific individuals and procedures, similar laws can spread quickly to other states.
The effect on plan sponsors – Some mandates can increase your costs by 20% to 45%.
Small [...]
Who worries more about healthcare costs – lower-compensated or higher compensated employees?
Answer – Both groups worry equally about their out-of-pocket healthcare costs, as reported by a PNC Services Group survey of 1,485 staff members. Nearly 52 percent of all respondents – regardless of income -cited the unpredictability of healthcare costs as their No. 1 financial-planning [...]
It could be easier than you think to eliminate a major reason employees sue.
How? Well, roughly 75 percent of employee lawsuits happen because of accidental disconnects between an company’s internal policies and procedures, and what’s written in the plan documents.
Here are two areas where some the costliest errors lurk, and three steps your fim can [...]
