Health and Wellness

We’ve posted before about the growing investment companies are making in the health and productivity of their workforce. The shifting focus on wellness and prevention rather than just health coverage is noted in MetLife’s Fifth Annual Employee Benefits Trend Study. According to its findings, more than one-fourth (28 percent) of all employers and nearly half (49 percent) of companies with 500 or more employees offer some type of a wellness program as a workplace benefit. The study also reveals that 17 percent of employers offer health insurance credits for employees following wellness guidelines such as exercise, nutrition, check-ups, and disease screenings. Nearly one-third of employers with 500 or more employees (31 percent) are offering these wellness credits – up from 25 percent a year before. But there is a flip side. While employers increasingly are offering employees financial incentives to encourage them to monitor their health, there can be penalties if they don’t. According to MetLife, one-in-10 employers (9 percent) and one-in-five (19 percent) of employers with 500 or more employees say they impose financial penalties on employees for not following wellness guidelines. It’s a two-way street.  

Leave a Reply

Your email address will not be published. Required fields are marked *