Value-Based Health Benefit Increases
today’s austere economy, American workers’
focused on spending less and saving more, according to recent research
from the Principal Financial Well-Being Index_. Employers can take
advantage of this increased awareness by rewarding workers who practice
healthier lifestyles with savings on healthcare.
president of Principal Wellness Company, points out that when wellness
is linked to health benefits, the workplace culture begins to move
towards adopting healthier lifestyles. "After all, the best claim
discount we can offer our customers is a claim that never occurs."
Principal Value-Based Health Benefit_ program integrates health and
wellness benefits and is available for Principal’s
clients. Employees who commit to participate in preventive medical care
and healthy behaviors can choose from two financial benefit options.
in health improvement activities, such as preventive screenings and
educational seminars, earns a better health benefit typically at a
lower cost. Besides the lower premium contributions, the better benefit
provides lower deductibles, co-payments and out-of-pocket maximums.
Those electing not to participate see a lesser benefit level frequently
at a higher cost.
features of the Value-Based Health Benefit program include:
wellness coaching and education focusing on risk identification and
costs for members with special health conditions who comply with
maintenance medication guidelines;
out-of-pocket expenses for preventive care; and
member education available in print, online, or in person.
Ripperger, director of business development for the Principal Financial
Group, believes their new program gives employees concrete, financial
reasons to become more engaged in their healthcare andhealth-related
choices. And of course, it’s a win-win for employers.
employees have fewer absences, are more productive while at work, and
are less likely to get injured. It’s simple. A healthy
saves money and contributes to a healthier bottom line."
Principal Financial Group, 711 High St., Des Moines, IA 50392; (800)