With the rising cost of group healthcare insurance, employers are having to get creative in order to help offset this increase in cost.
One way that many businesses have been able to gain some control over the cost of group healthcare insurance is by making a commitment to create a healthy workplace.
The Demand for a Healthy Workplace is on the Rise
According to a recent survey conducted by Wells Fargo Insurance, 51 percent of companies are currently offering a wellness program to employees to encourage a healthy workplace. And this desire for a healthy workplace certainly goes two ways as another survey conducted by HealthMine indicated that 75 percent of employees want their employers to offer health and wellness incentives.
With that being said, there is definitely a demand for wellness programs in the workplace. In fact, a new study conducted by RandCorp revealed that employer wellness programs are now a $6 billion industry.
How a Healthy Workplace Can Lead to Lower Healthcare Costs
It makes sense that adopting a company-wide wellness program would lead to lower group healthcare insurance costs for employers. Not only are participants receiving their necessary preventative care, but they're also taking advantage of company-wide incentives to get active, stay fit, and eat better. This will ultimately lead to healthier employees and fewer health claims, therefore helping to reduce the cost of group healthcare insurance.
Another major benefit for encouraging a healthy workplace is that employees will typically have fewer absences, therefore creating a highly productive work environment.
Do Corporate Wellness Programs Actually Work?
So, with so many employers jumping on board to create a healthy workplace, does this strategy actually work?
There are two basic approaches that you can take with creating a company-wide wellness program:
One approach is to focus on a lifestyle wellness program that encourages healthy eating, exercise, and the elimination of tobacco. It typically takes longer for an employer to realize benefits from this type of wellness program.
A second approach is to offer a disease management program that provides intervention for diseases such as heart disease and diabetes. Employers will usually realize the benefits offered by this type of wellness program sooner.
Of course, you could address both of these approaches with your healthy workplace initiative, too. To have success, though, you'll just want to make sure that you clearly define the goals of your wellness program.
The most successful company-wide wellness programs that have been implemented all consistently execute their strategies. The employers that have the strongest commitments to creating a healthy workplace will experience the best results.
To learn more about the benefits of creating a wellness program for your organization to help reduce healthcare benefits, please contact us at Summerlin-Roberts. We pride ourselves in offering creative, personalized, and effective benefits solutions for our clients and their employees.