The bottom line: You and your executive leadership—not Congress—will ultimately determine your organization’s health care costs.
That’s the approach of the nation’s “50 Best Small and Medium Companies to Work for in America” as determined by the Society for Human Resource Management and the Great Place to Work Institute.
1. Provide health benefits that experts say help to attract and retain productive employees.
Thirty-four of the 50 companies provide health care benefits for part-time employees. Nineteen offer medical savings accounts or health savings accounts. Health plans at 43 businesses cover acupuncture, chiropractic care, homeopathy and other alternative treatments.
2. Pay all or most of health care premiums—for both employees and their families.
Sure it’s expensive, but most of America’s best employers believe it’s worth it. Nineteen of the 50 companies pay 100% of health care premiums for workers. Six of the businesses cover 100% of costs for employees—and 100% for dependents, too. Eight companies pay at least 80% of premiums for workers and dependents.
In all, 29 of America’s 50 best employers pay at least 70% of premiums for both employees and their families.
On June 17, learn the practical changes to your organization’s health plan that will rein in costs, improve coverage and create a healthier, happier workforce – in an important new webinar called How to Control Your Health Plan Costs3. Find ways to make health benefits a priority during tough economic times.
Kahler Slater, a Milwaukee architecture firm and No. 22 on the small-business list, had to lay off employees last year. But at the same time, the firm added a wellness program that reduced premiums for some employees.
Maya Design Inc. in Pittsburgh, No. 16 on the small-company list, also had to lay off workers, but it didn’t reduce health benefits or increase insurance premiums for its remaining workers.
Badger Mining Corp. of Berlin, Wis., No. 1 on the small-company list, continued to make wellness a core value (along with quality, safety and teamwork). Last year, the company formed a wellness focus group to create a “culture of wellness.” Badger provides workplace health risk assessments, health coaching and periodic health education events.
4. Offer free health screening in the workplace to reduce long-term health costs.
Among the 50 companies:
- 43 provide flu shots
- 29 offer high blood pressure testing
- 27 do cholesterol screening
- Nine offer skin cancer testing.
How to Control Your Health Plan Costs will explain the best tools employers can use to tame the health-cost monster. You’ll learn:
- Cost-saving strategies: Which are most popular … and do they work?
- Are you getting the most from your broker – what should you expect?
- Plan design: A 7-step self-check to control costs
- How to use other tools – marketing, technology, finance, leadership – to pull down health costs.
- And much more...
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 10 Secrets to an Effective Performance Review
- What is the 'Lifetime value' of your employees?
- Lower health care costs with strategy to change behavior
- Hiring managers must review all applicants' qualifications
- Lay the groundwork for small miracles