Categories

Most recent posts

  XML Feeds

Search

« Compliance Date for SBC Changes Pushed BackMedBen Rx Once Again Beats National Spending Trends »

Employee Wellness Incentives Help Lower Costs

03/23/16

  03:13:00 pm, by MedBen5   , 116 words,  
Categories: Wellness, Health Plan Management, Incentives, Cost savings

Employee Wellness Incentives Help Lower Costs

Medical Costs PEPY

Participation in a wellness program can help a plan and its members in multiple ways. So when a MedBen WellLiving client expressed concern about the number of employees taking part in their program, it was decided to take a different approach. The plan introduced financial incentives to promote participation – and the results were great.

From 2013 to 2015, with the new incentive in place and plan enrollment holding steady, the group's Claims Experience dropped 36%. Not only that, but Medical Costs Per Employee Per Year (PEPY) fell 34% (see graph).

This is only one example of success through MedBen WellLiving. To hear more information about employer wellness cost savings, contact Vice President of Sales & Marketing Brian Fargus at bfargus@medben.com.

No feedback yet