Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 23rd, 2018
Benefits & Administration
More Employers Looking to Revamp Well-Being Programs
Eighty-four percent of respondents to a survey of 144 benefits brokers by Shortlister, a marketplace for finding and selecting vendors in the wellness, HR technology and benefits space, say employers are moving more to total well-being programs rather than just physical well-being programs. Seventy-nine percent say they are adding more niche point solutions—such as diabetes management, mental well-being and financial wellness. Broadening the focus of traditional, physically focused wellness programs to become more holistic (adding financial, social & mental well-being) is leading more employers to ask about a platform/hub to combine all of their benefits initiatives, 63% of brokers say.Read more >
Employees Say Employer Wellness Programs Are Helping
More than half of employees with access to workplace wellness programs say the programs have made a positive impact on their health, including 62% who say the initiatives translated to improved productivity and 30% who report help detecting a disease, according to findings from UnitedHealthcare’s annual “Wellness Check Up Survey.” Fifty-three percent of people with access to wellness programs said the initiatives have made a positive impact on their health. Of these, 88% said they were motivated to pay more attention to their health; 67% said they lost weight; and 56% reported fewer sick days. “This year’s results underscore the importance of workplace wellness programs, which can encourage well-being, prevent disease before it starts and, as a result, help lower medical costs,” says Rebecca Madsen, UnitedHealthcare chief consumer officer.Read more >
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