What are some of the fears businesses have concerning insurance coverage for their employees?
There’s a lot of uncertainty because many insurance carriers are alike, which creates an unnecessary fear. Another fear is that employers assume they’re going to have pay penalties to receive a financially short-term solution – not a long one. Lastly, there is a fear of expanding and growing because of mandate regulations.
What are ways that you directly help businesses in minimizing these fears and determining the best wellness program?
We educate them on what is going with Reform, and the wellness industry. Our staff is dedicated to helping employees and employers achieve their goals. We offer both participatory programs and an outcome based mandatory programs. We understand what works and have done extensive research through beta groups and have been able to implement those findings to maximize the effectiveness of our programs. That experience has helped us figure out how to best track incentives, distribute and manage challenges make changes when needed- ultimately encouraging consistent change and growth. We make sure to directly educate our clients and provide scientifically proven data for them that highlights the areas that are most at risk, we can help provide them with a self-funded plan design that is flexible – even with the Affordable Healthcare Act. We want to brand our business as a wellness company and have the insurance as a bi-product. After all, wellness should be first on the to do list, an environment that encourages health and not sickness is an environment that most would want to be surrounded by.
Is a wellness program necessary? If so, why is it so important?
It is and it’s important because it reduces health care costs, increases productivity and minimizes the amount of time that an employee is absent from work due to physical or mental health problems or an injury. There can be a lot of unnecessary excess costs due to poor physical health or habits. By encouraging employees to be active and eat healthy the risk factors of a company can decrease by 10-20 percent each year.
Health Benefits Group