Benefits to Providing Paid Healt Club Memberships
When looking at Health Club Sponsorships the medical carriers look at the effect of a Wellness Program or Fitness Club memberships benefiting the employer by assuming lower future claims to reduce the renewal impact going forward.
If the employer does nothing, the claims may continue to rise along with claim trend increases, which is a double increase. If the employer implements and incentivizes Wellness or Health Club memberships to encourage the healthy and non-healthy employees/family members to improve their health, the carrier rating for projected claims in the future should be impacted by lower claims costs.
The medical carriers do not give the employer a Wellness or Health club discount off of medical premiums for implementation of these benefits. Whatever you as an employer can do to reduce or eliminate your paid claim liability will drive your medical premiums in the future. Through education of employees, medical plan provider discounts, carrier management of critical health conditions, and a plan designed to drive employees to the appropriate care at the most affordable cost...an employer can maximize your control of medical costs.
Benefits to Employees:
- Weight Reduction
- Improves physical fitness
- Increases stamina
- Lowers levels of stress
- Increases well being, self-image & self-esteem
- Increased energy levels
- Improved group attitudes
Benefits to Employers:
- Enhanced recruitment & retention of healthy employees
- Reduced healthcare costs
- Decreased rates of illness and injury
- Reduced employee absenteeism
- Increased productivity
- Increased Morale
- Reductions in workers compensation costs
According to a report a report by the International Health, Racquet & Sports Club Association
80% of worksites with 50 or more employees and almost all large employers offer some type of health improvement program.
A study by American Sports Data, Inc. found that, on average frequent exercisers among health-club patrons were absent from work only 2.11 days per year, compared to 3.06 days for inactive individuals.
Health Promotion Programs return on investment is an average of $2.00 invested.
Click here to contact us about corporate wellness programs for your employees.