Some experts contend that older workers are prone to more injuries and illnesses, meaning more time until they return to the job, less productivity and, eventually, higher disability costs. Others say it’s overall health, not age, that governs disability costs.
The health insurer’s accountants and actuaries were the first to sign up, having run the numbers and realizing that if they were healthy, they could benefit from enrolling. ‘We want all our associates to do the math,’ an HR leader says.
Highmark Inc. and St. Luke Health Systems used different approaches to assess return on investment. Both approaches had limitations, but the organizations said the analyses showed they were getting good returns on their wellness investments.
Despite American Express Co.’s decision to stop offering its health care-related debit cards at the end of the year, other major issuers will continue offering the credit cards to pay health care bills using employees’ health savings accounts and health reimbursement arrangements.