article thumbnail

Why employee wellness matters – and how it’s good for business

Insperity

Therefore, it’s very important for employees that the workplace promote wellbeing. The business case for employee wellness Your business should prioritize employee wellness if leadership cares about: Reducing healthcare claims and containing benefits costs (particularly health insurance). This impacts the vast majority of employees.

Insurance 210
article thumbnail

How to lower employee stress about health insurance

Insperity

Health insurance is often the biggest-ticket item in any company’s benefits package, and the cost of health insurance rises on average each year , historically. Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees.

Insurance 254
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to contain employee benefits costs (and why most businesses struggle)

Insperity

per hour, per employee, for health-insurance costs, according to Sept. In 2021, employer expenses for health insurance are expected to rise by 3.9 In 2021, employer expenses for health insurance are expected to rise by 3.9 However, a major driver of increasing health-insurance costs is plan usage and claims history.

Insurance 321
article thumbnail

Popular virtual care options for today’s workforce

Insperity

Virtual care allows employees to access the health care system and other health-promoting resources remotely via computers, tablets and smartphones. Having virtual care options can also be help reduce employees’ stress about their own health-insurance costs. What is virtual health care? What are the benefits of virtual health care?

Insurance 269
article thumbnail

Workers’ compensation for remote employees: a guide

Insperity

How can your organization promote workplace safety when your people are remote? It’s best to collect the employee’s report about their injury as soon as possible after the incident and to pass it along to your insurance carrier promptly. How can you ensure your policy addresses workers’ compensation for remote employees?

Insurance 278
article thumbnail

Is your employee wellness program up to par?

Insperity

Their benefits include: Healthier employees, which can help companies contain health insurance costs Less absenteeism and, therefore, greater productivity Higher morale A sense among employees that their employer cares about them in a holistic manner – beyond their functional role at work – which can strengthen loyalty and improve retention.

Insurance 301
article thumbnail

7 Top HR Mistakes Companies Make

Insperity

And because of the Health Insurance Portability and Accountability Act (HIPAA), it may be wise to store your employees’ health and welfare-related benefits information separately as well. HR mistake #4: Hasty hires and promotions. Hurried hiring and promotion processes can lead to a host of problems for employers.