Lowering health insurance premiums with employee wellness programs

Employees are one of the most important aspects of any business regardless of the size.Many companies believe and live by the rule that their most important assets and customers are actually their employees.This philosophy can really go a long way when it comes to building employee trust and confidence in a business but can also just improve the business overall.When you invest in your employees' health, you are going to get more commitment and performance from them in general.

People are more productive when they are happy and feel good about themselves and what they are doing.This concept is very important to any business that has employees and is one of the best reasons to invest in better health.Good health is directly linked to better performance at work, a more balanced social and family life and even just a better overall sense of well being.Employees are a great asset to a business and healthy employees are even better.Promoting good health in any company can bring better results in the office and can also add, in a very real way, to the bottom line of the business.

One of the ways that improved employee health can boost the bottom line of a business is by reducing health insurance premiums.Many people are skeptical that this is even a possibility, but poor employee health as a company can drive up the costs of medical insurance and can make it more difficult for the business to pay the premiums necessary to keep a policy in place.Most employee health plans are covered and paid for in part by the employee and also the employer.Most employees are blind to the fact that their employer is covering a significant portion of their health insurance expenses.But they will quickly notice and complain when the cost of having these benefits increases or the amount of coverage decreases.

Sponsoring an employee wellness program can actually be a great way to decrease the cost of health insurance premiums for you and your employees.While it is inevitable that there will be someone who is not interested in a program like this, many people find that a wellness program can improve the attitude and health of employees in general.There are many different kinds of wellness programs and they can range from offering on site exercise facilities to sponsoring programs to help employees quit smoking.No matter what kind of program you choose to implement for your business and your employees, you will be able to reduce the costs of insurance.It may take some time, even several years, but eventually the investment in employee health programs will reduce the cost of health insurance premiums.

Research shows that for every $1 that is spent on employee health and wellness programs a $3 decrease in costs of employee absenteeism and medical claims was noted.While this doesn't seem like a lot to many people, most venture capitalists would jump at the idea of making 200% profit on any venture.This shows that investing in an employee wellness program is clearly worth the expense and effort required to implement it effectively in the business.

While there isn't a prize that is awarded for effort, many people believe that employers who make a consistent and sincere effort to improve the health and wellness of their employees should be rewarded.Health can be a very sensitive subject and there are many things out of our control, but speaking up can really make a difference when enough voices unite for change.It is difficult to prove that employee health programs actually amount to less money paid in health insurance premiums, but people are starting to listen and the insurance industry has also perked up its ears to hear the case.