Health and Wellness Programs to Reduce Health Care Costs
written by: Christy Bernard
Reign in health care costs by educating and treating high-risk employees. Early intervention can substantially reduce health care claims and premiums. Typically health care benefits is one of the most expensive item in the company’s budget. Did you know that 10% - 20% of your employees are driving 80%—90% of your healthcare costs? There is an urgent need for proactive healthcare and wellbeing. Self-care can account for approximately 50% of all claims. Wellness Programs, Health Screenings, Health Risk Assessments and Disease Management are effective ways to reduce healthcare costs by educating employees and managing their health and wellness.
Companies across the country are moving to consumer directed health care in an effort to control the rising costs of medical insurance. The idea behind consumer directed health care is that greater individual accountability will help contain medical care costs. Most companies find that in order to attract and retain qualified and reliable workers they must offer medical insurance. By offering employees a high-deductible medical plan and the opportunity to contribute to a Health Savings Account encourages employees to become more educated. Employees take an active role in which medical procedures are available, how effective they are, and how much they will cost. In an effort to make it easier on employees, some medical insurance companies are not publishing their negotiated rates for a variety of services through the insurance company’s website. In the past, employees would contribute on a pre-tax basis directly from their paycheck, pay out of pocket for the medical expenses and receive reimbursement after mailing in the receipts. A great benefit being offered by most employers is a debit/credit card to pay for medical expenses. The employee receives a credit card that deducts the amount of the medical care expense directly from their Health Savings Account or other pre-tax account. Please contact GBAC, Inc. to obtain more information about how we can set up a program specific for your company’s needs.
Reign in health care costs by educating and treating high-risk employees. Early intervention can substantially reduce health care claims and premiums. Typically health care benefits is one of the most expensive item in the company’s budget. Did you know that 10% - 20% of your employees are driving 80%—90% of your healthcare costs? There is an urgent need for proactive healthcare and wellbeing. Self-care can account for approximately 50% of all claims. Wellness Programs, Health Screenings, Health Risk Assessments and Disease Management are effective ways to reduce healthcare costs by educating employees and managing their health and wellness.
Companies across the country are moving to consumer directed health care in an effort to control the rising costs of medical insurance. The idea behind consumer directed health care is that greater individual accountability will help contain medical care costs. Most companies find that in order to attract and retain qualified and reliable workers they must offer medical insurance. By offering employees a high-deductible medical plan and the opportunity to contribute to a Health Savings Account encourages employees to become more educated. Employees take an active role in which medical procedures are available, how effective they are, and how much they will cost. In an effort to make it easier on employees, some medical insurance companies are not publishing their negotiated rates for a variety of services through the insurance company’s website. In the past, employees would contribute on a pre-tax basis directly from their paycheck, pay out of pocket for the medical expenses and receive reimbursement after mailing in the receipts. A great benefit being offered by most employers is a debit/credit card to pay for medical expenses. The employee receives a credit card that deducts the amount of the medical care expense directly from their Health Savings Account or other pre-tax account. Please contact GBAC, Inc. to obtain more information about how we can set up a program specific for your company’s needs.
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