Making the most of your company’s health care dollar
Every year, employers must strike a fine balance between their employee health benefits and their bottom line.
Employee benefits can be a crucial measure of an employer’s commitment to it’s workforce. However, the ever-increasing cost of providing health benefits — costs that have risen more than 10 percent each year for several years — can make this commitment an expensive proposition.
The solution? Worksite Well-being from Independence Blue Cross.
What is Worksite Well-being?
Studies show that more than 50 percent of health care costs are the result of unhealthy individual behavior. Our program focuses on reducing health care costs by encouraging your employees to adopt healthier behaviors. Choose from our list of contracted vendors — or one of your own with prior approval — to plan and implement worksite-based health promotions and activities.
How you can benefit from Worksite Well-being
A review of 42 worksite health promotion programs, covering 370,558 participants showed:
- 27.8% reduction in sick leave;
- 28.7% reduction in health costs;
- 33.5% reduction in disability and worker’s compensation costs;
- a savings of $5.50 in cost for every dollar invested.*
The impact of a health promotion program also goes beyond decreased health care costs and ROI. A health promotion program can affect productivity, absenteeism, morale, recruitment success, turnover, and medical care costs.
* Source: Chapman, L.S. Proof Positive: An Analysis of the Cost-Effectiveness of Wellness, 2005.