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A Little Wellness Incentive Goes a Long Way

06/30/18

  09:24:00 pm, by MedBen5   , 217 words,  
Categories: Wellness, Incentives, Research

A Little Wellness Incentive Goes a Long Way

doctor consulting with patient

National figures indicate high chronic condition costs and low wellness compliance. This comes as no surprise to MedBen, knowing that there is a direct connection between untreated (or even undetected) diseases and increased health care costs. But a little incentive can help your workplace improve compliance while reducing costs.

According to a new Milken Institute study, U.S. health care costs for heart disease, diabetes, and other chronic diseases totaled $1.1 trillion in 2016 ($3.7 trillion when factoring in lost productivity). Meanwhile, Health Affairs reports that only 8% of U.S. adults age 35 and above receive all recommended wellness exams and screenings.

MedBen WellLiving has found that incentivizing plan members to practice healthy habits can spur participation. In 2017, first-year WellLiving clients who offered premium-related incentives saw an average 29% increase in wellness compliance.

Incentives can take a variety of forms. In addition to offering lower premiums to members who show a wellness commitment, an employer can contribute to an HRA or FSA, or tie WellLiving to your health plan’s wellness benefits. But rewards need not be monetary, and even offering modest incentives (i.e., newsletter recognition, sponsoring a companywide competition) can impact participation.

MedBen WellLiving will help you develop a focused wellness program that drives participation, leading to long-term savings. Find out more by contacting Vice President of Sales and Marketing Brian Fargus at bfargus@medben.com.

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