Name: Taylor Benefit Resource
Address: 164 Commercial Dr, Thomasville, GA, 31757-4813, USA
Telephone: (229) 225-9943

U.S. health care costs constitute over $1 trillion, over 14%, of the gross national product. This came out to an average per employee cost of $5800 in 2004. Costs are expected to double to about $2 trillion by the year 2007. In fact, over 50% of corporate profits now go for health care costs versus only 7% three decades ago.

Companies are not passively accepting these rising health care costs, and many have reduced benefit levels as a way to deal with them. Typical reactions are to increase employees’ deductibles and coinsurance out of pocket amount and/or increase employee (particularly for dependants) contributions toward premiums. These are superficial solutions for the rising costs. They do not affect the actual cost. Rather, they redirect the resources used for covering the costs to the employee, in effect, reducing their actual benefit.

Scores of studies have documented reductions in absenteeism and health care costs when health and wellness programs have been implemented. There is also research that quantifies the costs associated with employees who exhibit unhealthy lifestyles. (See the table to the left.) For example, a study determined that for every employee who had high cholesterol, the company paid $370 more per year in health care costs. Another company found, for every employee who had hypertension, the company paid $327 more. Smokers cost the company $285 more, etc. The bottom line is that unhealthy employee lifestyles cost the company more in health care costs.

The most effective tool for controlling health care costs over the long run is with health and wellness programs. Health and wellness programs not only improve claim costs, but they also help employees feel better about themselves and more positive about the organization they work for.

Please follow the links at the top left and review some articles about health and wellness or take the link to Web MD to research your own questions.

Let us help you design your health benefit plan's wellness initiatives!

Taylor Benefit Resource

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