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Incentivized Wellness Plans Boost Employee Health and Reduce Healthcare Costs

Discover how motivating employees towards better health through incentivized wellness plans can alleviate healthcare benefit costs significantly. Learn how personal behavior impacts health claims expenses and the benefits of actively addressing health risks. Explore strategies to combat obesity in the workforce and promote a healthier environment. Gain insights into comprehensive plan awareness, interventions, and the delayed consequences within the work environment. Find out how fairness can be achieved through incentive options such as deductibles, premiums, and HSA contributions. Progress with rewarding systems can result in substantial savings for employers. Explore the positive impact of incentivizing health behaviors on employee well-being and healthcare expenses.

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Incentivized Wellness Plans Boost Employee Health and Reduce Healthcare Costs

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  1. IncentivizedWellness Plans Motivating employees towards better health

  2. Healthcare benefit costs Year 2000 = $2,000 Year 2010 = $7,900

  3. Personal Behavior 72 – 76% of health care claims costs are due to an individual’s lifestyle. Source: 87.5% Indiana University-Purdue University, Fort Wayne (IPFW) Study, 2006

  4. Cost of Health Risks Source: American Institute of Preventive Medicine 2005; American Journal of Health Promotion 1991, 1993, 2000; Milliman & Robertson 1995; Safeway analysis

  5. Obesity Challenge

  6. Body mass index & health care costs: Source: Muse, D. (2007) Obesity in the Workforce: Health Effects and Healthcare Costs. Thomson Healthcare

  7. Healthcare benefit costs Year 2000 = $2,000 Year 2010 = $7,900

  8. Comprehensive Plan Awareness and incentive Intervention Work Environment

  9. Delayed consequences Clayton Christensen, Page 161 The Innovators Prescription 2009

  10. Fairness Auto insurance example Sources: MAX Insurance Company 2010

  11. Incentive options Deductible Premium HSA contributions

  12. Incentive example Sources: MAX Insurance Company 2010

  13. Progressive rewards

  14. 5% of employees = 77% of claim costs

  15. Sources: NEJM, Vol. 348:2635-2645 June 26, 2003 (No. 26) Obesity (2006) 14, 2259–2265; doi: 10.1038/oby.2006.265

  16. Benefits to employers Source: National Business Group on Health, 2005

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