Worksite Wellness Programs Can Reduce Employer Premiums

Worksite Wellness Programs Can Reduce Employer Premiums

Research supplied by Interactive Health Solutions on May 20 provides a list of the “Healthiest Companies in America.” This group of thirty-four corporations has significantly reduced healthcare costs through employee participation in a prevention-based health program.

 According to the study, 15% of employees at most companies account for 78% of all medical costs. By increasing participation in  preventive healthcare programs, companies can start decreasing the costs for employees.

According to a study by The American Journal of Health Promotion, employers who invested in worksite heath promotion saw a 28% reduction in sick leave absenteeism, 26% reduction in use of health care benefits and a 30% reduction in workers’ comp claims and disability management.

Anthem Blue Cross of California July 2010 “Small Group” Rate Change

Anthem Blue Cross of California July 2010 “Small Group” Rate Change

Since May of 2009, Blue Cross has had the follwing quarterly rate adjustments*:

  • July 2009 – 0%

  • October 2009 – 0% or slight decrease  

  • January 2010 – 4.0%

  • April 2010 – 4.7% 

 

July 2010 “Employee Elect”  

  • PPO 1.4%  
  • HMO 1.1%  
  • CDHP 5.2%  

EmployeeChoiceTotal 3.5%  

BeneFitsTotal 3.5%  

 

Total Average Quarterly Increase: 1.9% 

There will be no benefit changes to current Small Group Medical Plans.

*These rate adjustments are averages and will vary by plan and region.