8 Reasons Getting Better Healthcare is Worth It
Sure your company health plan covers you when things go wrong, but what about the day to day things that keep you healthy in the first place?
You have to pay for many of those essential preventative measures out of your own pocket or risk reaching your health insurance threshold too soon.
Every year, trillions of healthcare dollars are spent on treating preventable diseases such as cardiac conditions. Yet, no medical insurance will pay for programs to help their clients lead a healthier heart-friendly lifestyle.
What if we told you that you could get better healthcare and save money at the same time?
Well, it’s true and here are 8 reasons why you should go ahead and do it.
1. Getting Proactive Saves Employers and Employees Money
Tax benefits aside. Preventative healthcare insurance saves both parties in the following ways.
Employees benefit because they no longer have to pay for wellness programs out of their pocket. Their small insurance premiums cover these, resulting in immediate monthly savings.
Employers benefit in the long run because a healthier workforce means less sick days, fewer hospital stays for treatment, and better performance from their employees.
2. Better Healthcare Attracts Better Candidates
Well qualified and experienced employment candidates can afford to be picky when it comes to accepting a position. Managed healthcare is an attractive proposition for these candidates.
Likewise, your best employees are less likely to abandon you for greener pastures if they are well-cared for. Making sure that your health perks meet their wellness needs shows them that you care about their long-term welfare.
3. Increased Benefits
The costs of proactive preventative healthcare are minuscule compared to those of advanced medical procedures. Thus it can be delivered at far lower premiums.
Members get quick, cost-effective diagnosis, treatment, and management of new and existing conditions. This is thanks to the following groundbreaking techniques:
Health Risk Assessment (HRA)
The innovative HRA takes a close look at every aspect of the individual’s lifestyle and current health to pinpoint any areas of concern. This data is used to devise a customized health care program to suit the person’s exact needs.
Biometric screening detects potential health problems up to 10 years in advance. Adaptive strategies and solutions are then added to the tailored healthcare program.
Certified health trainers, lifestyle counselors, and coaches are to hand. These professionals understand the implications of the initial screening and program. They can provide all the advice and encouragement needed to ensure that the better healthcare system is carried out.
A lot of information about diet, nutrition, and exercise can be obtained from DNA testing. These behaviors can then be modified for improved health.
Certified nutritionists are on hand with advice and individual meal plans to match the DNA screening. In this way obesity and illness can be prevented and managed.
A network of licensed doctors is available round the clock to offer advice. They can diagnose simple complaints online or by phone. They can even prescribe medication for minor ailments over the phone.
4. Reduced Medical Visits
Better healthcare means fewer visits to the doctor, period. By diagnosing and treating or preventing health issues early, more serious conditions can be avoided.
A healthy living plan will help to reduce stress for your employees. Stress is often accepted as part of working life. Yet, it eats away at productivity and can cause serious health issues.
For employers, this means less empty desks when the flu season rolls around. It also removes the need to employ temporary workers to fill in for employees who have been admitted to hospital.
5. Increased Benefit Offering for Employers
A managed health management program is a great tax-deductible perk for employees.
Reports reveal that health plans are among the top 4 most desirable job perks for employees. Wellness programs offer your employees more benefits for less financial output. On your side and theirs.
Proactive healthcare does not replace your existing medical scheme but compliments it. You needn’t make any changes to your benefit plan, advisors or payroll. Payments for the benefit are made by employees via a Section 125 payroll deduction.
6. Reduction of Claim Utilization and Potential Expenses
With reduced claims come reduced costs for health insurance companies. This, in turn, leads to smaller increases every year, saving everyone money in the long run.
7. Planning for the Future
By knowing the health status of your employees you can act towards removing them from positions which place themselves and others at risk.
Proactive risk management is a common practice when it comes to safety matters, surely the same should apply to health issues. Better healthcare saves lives.
Knowing the most prevalent issues that your employees face helps you to customize your traditional healthcare offering to better suit their needs.
8. Tax Savings
By implementing a managed health care plan employers receive immediate FICA tax savings. For every dollar that an employee spends, employers benefit from payroll savings of up to $450 per employee.
Likewise, employees can expect to see an increase in their take-home pay due to non-taxable deductions.
You may hear about unscrupulous wellness programs that manipulate the system to get you FICA deductions.
Be sure to choose a product from a reputable, experienced broker who demonstrates ethics and commitment. This will help you to avoid the pitfalls of working with wellness companies and keep you from falling foul of the taxman.
Where to Start
Better healthcare is a win-win situation for all concerned and we know where you can find it.
Optimum health is only achievable through consistent, proactive primary care and not through the reactive approach of most medical schemes. Safeguard the health and well-being of all your employees before something goes wrong.
Get in touch to discuss the best option for you and your employees and start saving money on healthcare right away.