When wellness is linked to health benefits, the workplace culture begins to move towards adopting healthier lifestyles.
Employers can take advantage of this increased awareness by rewarding workers who practice healthier lifestyles with savings on healthcare, found research from the Principal Financial Well-Being Index.
Participation in health improvement activities, such as preventive screenings and educational seminars, earns a better health benefit typically at a lower cost, according to Lee Dukes, president of Principal Wellness Company. Besides the lower premium contributions, the better benefit provides lower deductibles, co-payments and out-of-pocket maximums, he said.
Those electing not to participate see a lesser benefit level frequently at a higher cost.
Other features of a Value-Based Health Benefit program include:
- Ongoing wellness coaching and education focusing on risk identification and improvement;
- Reduced costs for members with special health conditions who comply with maintenance medication guidelines;
- Reduced out-of-pocket expenses for preventive care; and
- Comprehensive member education available in print, online, or in person.