May 28, 2010

HR Fact Friday: Wellness Programs Set to Rise

Filed under: Benefits — Tags: , , — Paul @ 7:00 am

The costs of the health care reform law make it more important than ever that employers keep their workers healthy and motivated to adopt healthy lifestyles, a vast majority of employers said in a recent survey.

Not only did 78 percent of employers agree or somewhat agree with that statement, but most also said they are likely or very likely to create or expand corporate wellness programs as a result of an incentive provision in the new law.

Effective January 1, 2014, employers will be able to use employee wellness program rewards or penalties of up to 30 percent of the cost of individual health coverage, up from the current limit of 20 percent.

The survey conducted by the Chicago-based Midwest Business Group on Health in partnership with Business Insurance, found that 60 percent of employers are likely or very likely to create or expand their wellness programs as a result of the wellness provision, while 33 percent said they are unlikely or not very likely to do so, and 7 percent did not answer.

The survey of 1,300 employers, including MBGH members and the National Business Coalition on Health, gauged their intentions and perspectives concerning the Patient Protection and Affordable Care Act.

The survey also found that when it comes to communicating information to employees, 52 percent are educating employees about how the law affects their benefits; 36 percent are describing what they, as the employer, plan to do; and 35 percent are explaining to employees what’s contained in the new law.

Conversely, 38 percent of the employers surveyed said they haven’t decided what to communicate to employees and 6 percent said they don’t plan to inform employees about the law.

Source: Business Insurance, Sally Roberts

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April 17, 2009

HR Fact Friday: Despite Recession, Workplace Wellness Programs Continue to Grow

Filed under: Benefits — Tags: , , — Paul @ 7:58 am

Employers are continuing to add workplace wellness programs despite the ongoing recession, according to a survey by Watson Wyatt Worldwide and the National Business Group on Health.

 

Nearly 58% of companies surveyed offer lifestyle improvement programs, up from 43% in 2007, and 56% offer health coaches, compared with 42% two years ago, according to the survey of 489 large U.S. employers conducted in January.

 

However, employee participation remains low.

 

Forty percent of companies surveyed said less than 5% of their workers participate in a weight-management program offered. Financial incentives do help drive participation in smoking-cessation and weight-management programs, the employers reported.

 

Supporting the trend data in the small business sector, HRN began a wellness program in 2008 by offering to pay a percentage of employee gym memberships. Approximately 20% of HRN employees are taking advantage of the benefit.

 

Source: Workforce.com

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