Wellness Programs have often been viewed as a luxury and not as an essential. However, for companies providing group health insurance plans, there are ways to reduce costs. As you consider the benefits of workplace health programs, ensure that your employees are covered with the best NJ Group Health Insurance policy.
According to an article on the Harvard Business Review, Doctors Richard Milani and Carl Lavie took a random sample of 185 employees and their spouses. Though the participants were not heart patients, they received exercise training and cardiac rehabilitation from a group of experts. Of those considered to be high risk when the study started, 57% converted to low-risk status by the end of the month. In addition, the medical claims costs declined by $1,421 per participant when compared with the previous year.
How do employees benefit?
Adopting healthy lifestyles not only reduces life-threatening diseases and their costs, but it improves an individual’s quality of life. Participation in health programs provides individuals knowledge, self-management, coping skills, and moral support among coworkers and supervisors. The investment of a wellness program is a reflection of how the company cares about its employees, which may contribute to improving overall morale.
How do employers benefit?
Employers may also benefit from a workplace health program in a variety of different ways. Employers that implement these programs have seen enhanced productivity in their employees, decreased employee absenteeism, and lower insurance and workers’ compensation costs. Improved health can reduce out-of-pocket expenses for physician office visits, medications, hospitalization, etc. Fostering a culture of health and wellness can empower your employees to feel secure in their role at your company.
At Vreeland Insurance Inc., we understand the importance of making sure that your business stays healthy. Call us today at 877.755.3767 for information on our New Jersey General Liability Insurance Plans.