By Stephen Coffman, Group Practice Leader
The Guardian Life Insurance Company of America
Topics: employee engagement, wellness, ancillary benefits, health care costs, ACA, disability management, voluntary benefits, employee satisfaction, UBA Partner Firm, employee benefits, hr consulting, health care reform, health care, wellness programs, absence management, absenteeism, disability insurance, employee health, insurance solutions, medical plan, self funded health plans
What do all employees have in common? They all have a burning dislike for their morning commute! Let’s face it, it’s not the actual commute that most people dislike, it’s the hassle of dealing with traffic, long lines, and rude people that make the trip so despised.
Topics: employee engagement, wellness, ancillary benefits, health care costs, ACA, voluntary benefits, employee satisfaction, employee benefits, health care reform, health care, wellness programs, absenteeism, employee health, insurance solutions, medical plan, self funded health plans
Here’s a quick article excerpt:
“Edington believes wellness programs can't save enough in healthcare costs to make a difference – ‘maybe $200 to $300, at best’ – but he thinks a wellness program can create shareholder value.
Most employers are, unfortunately, all-too-familar with the traditional approach to disability management: employees must prove they’re disabled. While this traditional strategy may seem effective to some, research shows that its adversarial nature actually leads to higher costs due to more medical tests needed to demonstrate disability.
Ninety-five percent of disabilities are caused by illnesses, rather than accidents (1) – for this and many other reasons, employers should reevaluate their approach in handling employee absences. This startling statistic shows that illnesses are complex and often involve multiple factors that can, and do, prohibit a quick recovery.
The tragic tornadoes that struck Oklahoma earlier this week remind us all again how important Employee Assistance Programs (EAP) are for the workplace. Yet, according to the preliminary UBA Ancillary Benefits Survey, of the 8,557 employers answering questions about employee assistance programs (EAPs), only 21.8 percent of employers offer EAPs. That percentage drops to 9.4 among small (fewer than 50 employees) and to 19.2 percent among midsize companies (fewer than 500 employees). Employers shouldn’t forget to incorporate these programs into their benefits plans.
Though sometimes stigmatized, these programs are so important, not only to help employees with personal crises such as divorce, substance abuse and financial/legal matters, but also when an organization is reeling from an employee death, tornado or hurricane recovery or even tragedies like those at Sandy Hook Elementary School.