Starting this month, IBM will begin paying all of its employees’ primary care health costs—with no co-pays or deductibles.
The computer giant’s coverage extends to primary care from in-network internists, family or general practitioners, pediatricians or primary osteopaths.
At the same time, the organization is offering new cash incentives to encourage employees to eat healthier and exercise. Employees can receive up to $300 in cash a year.
From 2004 through 2007, IBM invested $79 million in wellness programs, which resulted in savings of about $191 million on health-related costs. The program also has “dramatically” increased healthy behavior among employees, notes Senior VP of Operations Randy MacDonald.
Contact: Laurie Friedman, (914) 499-4608.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Is an employee who resigned (instead of being fired) eligible for unemployment benefits?
- Shock! 9th Circuit rules for employers in ERISA case
- Dole out even the small perks equally
- Double dipping? Severance payments and unemployment compensation