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Offer Your Employees Wellness Benefits They’ll Love
WEBWhy Addressing Mental Health at Work Matters. People are a lot more comfortable discussing mental health, these days, and we think that is a good thing.
Actived: 4 days ago
URL: https://blog.swbc.com/businesshub/offer-your-employees-wellness-benefits-theyll-love
2021 Employee Wellness Trends Spotlight: Holistic Wellness
WEBAn Employee Assistance Program (EAP) provides free and confidential assessments, counseling, referrals, and follow-up services to employees that experience personal and/or work-related problems. An EAP is an additional tool you can have in your toolbox to keep your employees healthy in both body and mind.
3 Employee Benefits Trends Improving Mental Health in the …
WEBEach year in May, we celebrate Mental Health Awareness month. After two years of pandemic stress, keeping up with constantly changing news cycles, and dealing with increasing economic uncertainty, we could all use a mental health boost.
Category: Mental health Go Health
5 Effective Strategies for Promoting Workforce Wellbeing
WEB1. Get Your Employees Moving. Exercise is vital to a healthy lifestyle, and it can lead to employees taking fewer sick days and being more productive. One way to encourage regular exercise is to partner with gyms or fitness facilities in your community to offer your employees free or discounted gym memberships.
Ensuring Your Wellness Program Is Compliant
WEBOrganizations can gain many benefits from implementing a workplace wellness program, but there are also potential legal issues related to employer-sponsored wellness plans employers should be aware of.Corporate wellness is as much an issue of health as it is a matter of law, so wellness programs must be carefully structured to comply with state …
Kick Off the New Year with a Winning Wellness Program
WEBIf you've resolved to improve employee participation in your wellness program, get your employees more motivated to get healthy, and lower healthcare costs, here are nine ways to kick off your wellness program in the New Year. 1. Education. The most effective and successful wellness programs begin with education—both for leadership and employees.
4 Best Practices for Using Claims Data to Improve Employee …
WEBHere are four best practices for using claims data to improve your employee wellness program: 1. Identify Risks and Cost Drivers Among Your Employee Base. If your organization has a self-fundedhealth plan, you should be able to access anonymized medical and prescription claims data for your employees. Reviewing this information …
Why Nutritional Counseling Should Be Part of Your Corporate …
WEB3. Step up your fruit and vegetable intake. Freshly grown foods like fruits and vegetables offer the nutrients and fibers needed to protect the body from certain cancers and other diseases. The fiber from whole fruits and vegetables help to flush toxins from the body, lower cholesterol, and promote heart health. 4.
Top Benefits of Group Health Insurance for Your Business and …
WEBConnor Roy. Connor Roy is an Employee Benefits Consultant at SWBC who joined the team in 2020. He has a degree in Sports Management from Lubbock Christian University, and has over 7 years of experience in different aspects of professional services.
Fully Funded, Self-Funded, Level-Funded Health Plans: What’s
WEBThe covered persons (i.e. employees and dependents) are responsible for paying any deductible amounts or co-payments required for covered services under the policy. Self-Funded Plans. A self-funded(self-insured) plan involves fixed monthly costs for items such as administrative fees and stop-loss coverage.
10 Stats That Will Make You Consider a Corporate Wellness …
WEBObesity-related illness costs approximately $190.2 annually (Institute of Medicine) By 2018, it is estimated that obesity-related healthcare expenses will cost the U.S. $344 billion annually (Fitness.gov) A person with diagnosed diabetes spends approximately $13,700 annually on medical expenses (Diabetes.org)
Boosting Employee Benefits: Why HRAs Are a Smart Choice
WEBIn today’s competitive job market, offering comprehensive benefits is a game-changer. HRAs can help you enhance your benefits package, making your business more appealing to prospects and improving employee retention. 2. Control Cost and Predictability. HRAs give business greater control over healthcare costs.
How Your Company Can Offset the Rising Cost of Employee Benefits
WEBRequiring employees to perform a health risk assessment has a two-fold benefit. First, it gives employers a high-level snapshot of changes they may need to implement in their company culture or company-provided employee benefits. Second, it provides employees the opportunity to realize their potential health risks. 3.
Pros and Cons of an HDHP for Your Employees
WEBFor 2017, an official HDHP for one person must have a deductible of $1,300 or more, while a family plan must have a deductible of $2,600 or more. Though those deductibles are higher than many employees might prefer, the federal government also dictates out-of-pocket maximums that cap the damage. Somebody with an individual plan will pay no …
Non-Traditional Benefits That Attract and Retain Top Talent
WEBIn this blog post, we’ll highlight some of the top trending “non-traditional” benefits that are helping employers find success in today’s competitive job market. 1. Counseling and Employee Assistance Programs. An Employee Assistance Program (EAP) provides free and confidential assessments, counseling, referrals, and follow-up services
10 Questions to Ask Your Employee Benefits Broker
WEBBusinesses that work with an employee benefits consultant know how much an experienced, knowledgeable consultant can transform the way you offer health and wellness benefits to your employees—not to mention the cost savings of gaining access to additional carriers and resources. However, thoroughly understanding the value your …
Addressing Employee Election Errors After Open Enrollment Ends
WEBMost employer-sponsored benefits plansrenew on a calendar-year basis. Employees are able to change their elections until the start of the plan year, but employers are not typically required to allow changes after the open enrollment period ends. Most companies set their internal open enrollment deadline well in advance of the plan year for just
How Healthcare Consumerism Reduces Employer Benefits Costs
WEBHealthcare consumerism is intended to make using healthcare services more affordable by encouraging employer-sponsored benefits plan participants to become conscious consumers. This will ultimately improve patient outcomes and levels of satisfaction with the medical care they receive, and reduce costs within the entire healthcare industry.
How Quitting Smoking Can Impact Your Life Insurance Premium
WEBAverage life insurance premiums for smokers are about $2,025 for men and $1,505 for women each year for a 20-year $500,000 term life insurance policy. After only a year of not smoking, those rates drop to an average of $797 and $659, respectively, for the same policy.2After three years, most underwriters will consider you entirely tobacco-free
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