Do you know the fastest-growing reason for EAP use since 2003?
It isn’t for substance abuse or depression. Actually, it’s financial in nature. Over the last five years, there’s been a announced 69 percent jump in employee EAP use related to personal financial concerns.
The trend is not all that surprising in this era of [...]
Archive for the ‘Health Promotion Articles’ Category
Permitting employees to bring camera phones to work can carry hidden legal risks.
But should you tackle this issue aggressively or trust your staff members to do the right thing? Every employer wants to create an environment where staff members feel trusted by management. But there’s also the need to stay protected legally, and it [...]
In a value-based plan, the idea is to reward employees for seeking treatments that promote wellness.
The more clinically viable the treatment, the less an employee pays out of pocket for it.
Example – Women over 40 and younger workers with a family history of breast cancer pay less for a annually mammogram than workers for [...]
As scary as they seem at first glance, complying with health insurance portability and accountability act (HIPAA)’s privacy rules may be relatively painless.
Contrary to common belief, the rules – with several key exceptions – apply only to a fraction of the medical information Benefits handles.
As long as the company remains legally “hands off” of employee’s [...]
Many firms are still missing an opportunity to trim some medical plan expenses.
Generic versions of high-cholesterol drug Zocor have been on market for two years now, but a fair share of business drug store plans have yet to make the switch.
If your PBM gives generic Zocor favored status on the formulary, now’s a good time [...]
When it comes to health-coverage laws, there’s often a domino effect.
As individual states require insurers – and in some cases, companys – to cover or offer coverage of specific individuals and procedures, similar laws can spread rapidly to other states.
The effect on plan sponsors – Some mandates can increase your costs by 20% to 45%.
Small [...]
Who worries more about health care costs – lower-compensated or higher compensated employees?
Answer – Both groups worry equally about their out-of-pocket medical costs, as reported by a PNC Services Group survey of 1,485 employees. Almost 52 percent of all respondents – regardless of income -cited the unpredictability of medical expenses as their No. 1 financial-planning [...]
It may be easier than you think to eliminate a major reason employees sue.
How? Well, roughly 75 percent of staff member lawsuits happen because of accidental disconnects between an corporation’s internal policies and procedures, and what’s written in the plan documents.
Here are two areas where some the costliest errors lurk, and three steps your fim [...]
Nine of 10 HR managers polled by Colonial Life feel that workers have at least a vague notion that benefits are a valuable part of working at a company.
However, the same study found that only 21% of those employers believed their workers had a strong understanding of the workings of their own benefits. and 5% [...]
Incorrect billing from medical insurance carriers is more common than you may think. the typical plan sponsor can get overcharged by 5% a year, as reported by brokerage and consulting firm Corporate Synergies Group.
Like most organizations, insurance carriers rarely keep perfectly up-to-date records on their clients. As a result, plan sponsors often get charged for [...]
Corporate Wellness Companies