In our blogs, we’ve discussed the rising costs of health care, the need for greater price and quality transparency in the industry, and an overall shift towards high-deductible, consumer-driven health plans to encourage health care consumerism and control costs. What we haven’t discussed is the impact Consumer Driven Health Plans (CDHPs) can have on your workforce.
4 min read
Mind The Gap: Filling In The Consumer-Driven Health Plan
By Gibson on Jan 5, 2015 6:30:00 AM
Topics: Employee Benefits
3 min read
Motivating Employees To Better Health...Is That Even Possible?!
By Nicole Fallowfield on Nov 19, 2014 6:30:00 AM
It’s no secret the rising costs of employer-sponsored health plans have led to an explosion in workplace wellness programs. For decades, employers have turned to employee health promotion and wellness programs in an attempt to help employees get and stay healthy.
In some cases, the efforts have an impact on individual employees, though I’ll contend the few who make changes are already motivated. In many instances, the results have been mediocre at best. In the world of big wellness incentives and penalties, why do we see little, if any, sustainable behavior change? The answer lies in motivation.
Topics: Employee Benefits Health Risk Management
3 min read
Getting And Keeping Employees Healthy
By Gibson on Nov 12, 2014 6:30:00 AM
Strategies for managing health care costs are a critical topic for employers…and it won’t be going away anytime soon. There are discussions on the value of transparency in health care pricing, the role of consumer driven health plans, and how to help employees make educated health care decisions. Beyond these techniques, what else can be done to get and keep your employees healthy?
Topics: Employee Benefits Health Care Reform Health Risk Management
3 min read
The Cost Of Unhealthy Employees
By Gibson on Oct 22, 2014 6:30:00 AM
In March 2013, CVS announced a new corporate wellness program which posed a choice to employees participating in their health plan: complete a free health screening and wellness review OR pay $600 in additional health insurance premiums each year.
This type of incentive strategy is not uncommon. Many employers offer premium discounts or other incentives to employees who participate in wellness programs. However, CVS’s plan was publicly criticized with concerns over patient privacy. Allegations of corporate coercion dominated the media limelight. Though the plan was offered as a voluntary incentive, public perception viewed the $600 as a penalty rather than a reward.
Controversy aside, one key takeaway remains: employers are serious about cracking down on health costs and they are engaging employees for answers.
Topics: Employee Benefits Health Care Reform Health Risk Management
3 min read
Culture As An Emerging Risk
By Gibson on Oct 7, 2014 8:40:00 AM
Employee Engagement. Company Culture. Establishing a positive company culture matters. A company’s culture can be an incredible asset…but if not given the proper attention, it can become your greatest risk.
Culture is the values, beliefs, and the norms of a company. It’s not your policies and procedures; it’s the way you do things. It has many facets. Safety, employee wellness, employee wellbeing, and even the overall organizational health. And in order to establish a positive culture, you must engage your company leaders AND your employees.
Topics: Commercial Insurance Risk Management ESOP Executive Construction Claims Employee Benefits Health Risk Management Personal Insurance & Risk Management Workers' Compensation
2 min read
Helping Employees Make Good Health Care Decisions
By Gibson on Sep 15, 2014 6:30:00 AM
Health care costs are higher than ever before and they aren’t going to get any cheaper. According to a study by the Centers for Medicare and Medicaid Services, health care spending in the United States is expected to total $4.8 trillion by 2021. Wow. How are we, the “consumers”, going to slow down this ship? There is no one answer to this question, but there are several ways employers can help play a role.
Topics: Employee Benefits Health Care Reform Health Risk Management
2 min read
Stressed Out?!?!
By Nicole Fallowfield on Sep 10, 2014 6:30:00 AM
In all of the years I’ve spent working in the wellness industry the one topic that comes up more frequently than any other is stress. In particular, how employers can help their employees better manage their stress. And I have to admit, while it comes up a lot this is a tough one to address for a couple of reasons—1. most issues affecting stress levels are complex, and 2. how we deal with stress is intensely personal.
Topics: Employee Benefits Health Risk Management Personal Insurance & Risk Management
2 min read
Health Care Pricing And The Value Of Transparency
By Gibson on Aug 20, 2014 6:30:00 AM
What was the price of a gallon of gas this morning on the way to work? You could probably easily rattle off the answer. Big neon signs outside convenience stores on numerous street corners make this request pretty simple. But do you know what your monthly prescription costs are? Or the total price of a simple visit to your family doctor?
Unfortunately a majority of Americans would probably struggle to answer these questions. Most people would say it’s the amount of their health insurance. But this is only part of the overall cost. In a third party payer system, shadowed by copays and very opaque pricing, most people honestly don’t realize the true cost of their health care.
Topics: Employee Benefits Health Care Reform Health Risk Management
3 min read
The Critical Role CDHPs Play In Controlling Health Care Costs
By Gibson on Jul 21, 2014 6:30:00 AM
Think of the last time you paid a visit to your doctor. What type of care or treatment did you receive? Did you know the cost? Chances are, you didn’t. You probably knew the amount of your deductible, coinsurance, or copayment, but who cares about the total bill, right? After all, your health insurance covered the rest. But therein lies the problem. Not only do we lack that information, but also the motivation to seek that information with the current third-party payer system.
Topics: Employee Benefits Health Care Reform Health Risk Management
1 min read
Make Health A Priority
By Nicole Fallowfield on Jul 7, 2014 6:30:00 AM
Last month, I talked about Gibson’s mission “To Protect What Matters Most” and submitted that health, and more importantly vitality, is what matters most. A couple of weeks ago I had the opportunity to hear the acting U.S. Surgeon General, Rear Admiral Boris D. Lushniak, M.D., M.P.H., speak at the headquarters for the American College of Sports Medicine in Indianapolis. At one point during his talk, Dr. Lushniak said “People get elected or not elected based on the economy…but I’ll submit to you today, that economy is doing nothing unless we have healthy people who are able to be part of that economy. So where does health lie on the priority of things?” Good observation. Even better question.
