Saving You Money For Life

According to Aon Consulting, employers are shifting their focus to wellness programs to reduce healthcare costs and improve productivity.

A recent survey by Aon revealed that the median annual contribution for family healthcare coverage is $3,120. This is a 15 percent increase from 2007, and 22 percent increase from 2006. Meanwhile, organizations have experienced approximately 10 percent annual healthcare cost increases since 2006.

We have continued to see employers shift to cost control by focusing on improving the health and productivity of their employees. According to the survey, 64 percent of employers now have a benefits strategy that promotes the importance of health and productivity to their employees.

The most common way organizations today are promoting health and productivity is through wellness programs, which are primarily designed to prevent the development of chronic conditions (i.e., diabetes and heart disease).

As an employer, I struggle with how to best help my employees with the rising cost of healthcare. If your organization has a wellness program, I’d like to know how many people really take advantage of this sort of thing. And, if you’re an employer, has this helped control your costs?

Tags: Health Insurance

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