Product Trends/Success StoriesIn the complex national debate on how to deal with the rising cost of health care, an area of general agreement has emerged helping people adopt healthy behaviors is critical to reducing long-term health care expenses, increasing productivity and maintaining a competitive benefits package. Thats why an increasing number of companies are implementing wellness programs
With health care costs and outcomes so difficult to control from the workplace to halls of Congress it stands to reason that employers will achieve better results if theyre able to remove any distractions when designing and managing their benefit programs.
With health care budgets constrained, companies that want to provide employees with quality dental benefits are discovering an attractive option Administrative Services Only (ASO) insurance plans. Under an ASO arrangement, an employer self-insures for the benefits it pays out, but uses an outside company to deal with the nuts and bolts of handling claims and paying providers.
The growing emphasis on Web capabilities to help employers manage employee benefit offerings satisfies both moral and business responsibilities, which makes the argument for going paperless all the more compelling.
Tough times have befallen state, county and municipal governments between plummeting tax revenues and unpaid employee furloughs, but reducing costs associated with their employee health care benefits is a surefire path to fiscal responsibility. And despite the widespread perception of public-sector establishments as monuments to inefficiency, there are mission-critical lessons that can be gleaned for all employers.
Hope is in the air at Cape Fear Valley Health System (CFVHS) in Fayetteville, N.C., where about 4,800 doctors, nurses, technicians, housekeepers and administrators in five hospitals with 765 beds face the same work-life challenges as other working Americans.
Chiropractic care is an efficient and cost-effective way to treat people suffering from lower back and neck pain. And such care also can add value in terms of dollars spent as part of an employer-sponsored health care plan.
The more employees understand their dental benefits, the more satisfied they tend to be with their coverage. But most workers say they dont get the information they need to better understand their plan design, service and how to best use their plan.
With employee retention cited as the top benefits objective among the HR practitioners polled in MetLifes 7th Annual Employee Benefits Trends Study, a comprehensive disability income insurance program can help achieve this critical business goal. Appropriate income protection is important for all employees. However, it can be more challenging when considering the needs of highly compensated employees (HCEs).
Women may live longer than men, but that doesnt mean that they should have less life insurance protection than their male counterparts. However, MetLife research finds that a gender gap persists with regard to life insurance ownership.
Demand for integrated disease management (DM) and wellness programs is trickling down market in spite of the difficult economy, as employers realize that they need to be more aggressive about managing rising health benefit costs. The difficulty for organizations with between 5,000 and 25,000 health plan members has been finding affordable solutions, but thats about to change.
Thomson Reuters research and a Harris poll from earlier this year show that economically stressed Americans are cutting back on preventive health care, as well as consuming less fruits and vegetables favoring cheap and less nutritional options such as processed and fast food. Factor in a recent Gallup poll revealing that only 27% get the recommended amount of exercise, and a grim picture emerges on the overall health of Americans.
Its easy for employees to fall short when it comes to achieving fitness, weight loss or smoking cessation goals if they become complacent about maintaining behavior change. This complacency can stem from their employer falling into the same trap by not adequately promoting their wellness program with fresh communications, relying solely on an incentive to create an impact.
These truly are tough economic times. Every day, we hear more about companies that are cutting back on employer-paid benefitsin ways that reach deeper and farther than ever before. Companieslarge and smallhave stopped contributing to the benefit packages of not just current employees, but also to their retired workforce. All the way around, everyone is hurting.
The need for objectivity, accuracy and transparency in employee benefit programs has grown considerably since passage of the Sarbanes-Oxley Act of 2002. And in this increasingly intense regulatory environment, HR and benefit departments are busy doing whatever they can to keep their bosses out of the limelight.