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Benefits of wellness programs versus the costWellness programs include such things as gym memberships, free flu shots and health screenings, smoking cessation courses, or other things that help to promote health and wellness. But employees aren't the only ones who benefit from these services; oftentimes, the benefits wellness programs are cost effective and can end up saving the company money in the long term.
Benefits versus cost Wellness programs can be costly, so some employers tend to shy away from them. However, many people see wellness programs as a win-win situation for all involved. Employees who take advantage of wellness programs benefit through improved health. With this improved health comes fewer doctor visits and treatments; as a result, the employer can then lower their health plan utilization, which results in health benefit costs. Thus, wellness benefits are an attractive option for the many employers who are feeling the pinch of health benefit costs. One study estimated that in general, employers can earn back the cost of programs over the course of five years if they can reduce risk factors as a result of wellness programs by less than 0.2 percent. In addition, employees who utilize incentive programs are more likely to be healthier. As a result, they take fewer sick days and are more productive for the company. Obviously, wellness programs won't save the company money if the employees aren't utilizing them. The following are some ideas that will help your company to maximize its decision to implement wellness programs.
While wellness programs and programs seem costly, oftentimes they pay for themselves in the long run. Not only do health premiums drop, but employees are more likely to be happier, take less sick days, and be more productive on the job. When this is the case, the benefits of wellness programs are well worth the cost.
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