BeniComp chosen as employee health and wellness programs presenter for 2016 HR Florida conference in Orlando, FL August 29th through 31st.

TAMPA, FL - JUNE 14, 2016

BeniComp Insurance Company, a supplemental group health insurance company that offers national employee wellness solutions, today announced it was chosen as a presenter for the 2016 HR Florida Conference and Exposition, an affiliate of the Society for Human Resource Management (SHRM). BeniComp's Business Development Executive, Kristy Dalechek, will serve as the presenter on behalf of the company.

"This year's presentation examines why wellness in the workplace doesn't work, why we need it to work, and what to do about it," says Dalechek. "In an industry that makes up over one-sixth of the GDP, it's important that our country's companies know there are solutions to managing healthcare costs."

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Studies show that by coupling a high deductible health plan with outcome-based deductible incentives, employers will see a jump in employee participation and, thus, a sustainable financial future.

FORT WAYNE, IN -- BeniComp Insurance Company, a leading national provider of supplemental group health insurance, has seen a significant spike in their clients’ employee participation for their wellness initiatives. BeniComp clients experience nearly 100% participation in their annual biometric health screening by implementing a high-deductible health plan (HDHP) with outcome-based deductible incentives. As a result, BeniComp clients have been able to cut their healthcare spending and offer lower premiums in exchange.

“Companies need to identify, realign, and manage their risk in order to truly control the cost of health insurance premiums,” says Doug Short, President and CEO of BeniComp Insurance Company. “When a company invests in the health of their employees they are not only saving dollars, they are investing in their most valuable asset. The results are a win-win for everyone.”

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While most employee wellness programs get 30% employee participation, BeniComp Advantage engages nearly 100% of the employee population through supplemental health insurance and deductible wellness incentives.

Tampa, FL April 12, 2016 - It’s no secret that America has a health insurance problem. Rising health care costs and declining health has left companies struggling to provide the kind of health insurance employees had 10 years ago. Affordable Care Act customers turned out to be much sicker than anticipated, and now health insurance companies are seeking rate increases of 20-40% or more.

dark secret of wellness 24 percent participation

The industry’s answer was to offer wellness programs designed to promote awareness, education, and lifestyle change. The programs have evolved into an overly saturated market of wearables, apps, and fun programs without accomplishing the original goals. A recent study by MetLife claims that nearly 75% of employers offer a wellness program1 but only 24% of employees actually participate.2 Worse yet, those who participate are primarily employees who have already adopted healthy lifestyles. The remaining participants are those with greater health risks. When cash incentives are used, the employer pays low-risk employees resulting in an expensive program with little to no improvement in employee health or reduction in health care claims.

Unhealthy Employees Do Not Participate in Voluntary Wellness Programs

The goals of wellness programs are noble, and some of the services are outstanding; however, the dark secret of the wellness world is that the services are provided to the low-risk population. Researchers at Oliver Wyman, a subsidiary of one of the largest global insurance consulting firms, Marsh & McLennan, say the solution for businesses to engaging the entire population is to “Stop treating wellness as an add-on to [the] business. Start making it the core of everything [they] do.”3

For supplemental wellness programs to succeed and engage the majority of a group's population, employers need to build programs into the design of their health plan. BeniComp created a patent-pending, supplemental health insurance policy, called BeniComp Advantage. Their product not only makes health rewards outcome-based, but moves the financial incentives to the deductible.

Outcome-based incentives (OBI) are monetary rewards tied to lifestyle biomarkers such as BMI, cholesterol, nicotine, blood sugar, and blood pressure. Deductible-OBIs reward employees through the deductible. The result is over 95% participation. More importantly, OBIs decrease claims because employees are held accountable for their results. Similar to the good-driver car insurance discount, all employees are given the same supplemental health insurance plan, and have the ability to earn decreased deductibles by achieving health goals.

Deductible Outcome-Based Incentives are the Most Cost-Effective Type of Incentive

Deductible OBIs are the most cost-effective, engaging way for an employer to offer wellness incentives to employees. With traditional cash-equivalent or premium incentives, low-risk employees who are expected to have minimal claims end up costing the employer as much as those with higher risks. With deductible incentives, employers are able to fairly offer thousands of dollars in incentives without draining cash flow. In return, employees are empowered with the ability to control their plan and earn substantially lower deductibles. The entire population is engaged and the high-risk employees receive support, resources, and motivating financial incentives to make healthy changes. Combining advanced wellness programs with deductible OBIs allows companies to achieve over 95% participation and give the entire population the power to identify and address health risks to achieve health goals.

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Sources:

1. “Benefits Breakthrough: How Employees and Their Employers Are Navigating an Evolving Environment.” Insights from MetLife’s 12th Annual U.S. Employee Benefit Trends Study. MetLife, Inc. 2014. Print. 17 Nov. 2015.

2. O'Boyle, Ed, and Jim Harter. "Why Your Workplace Wellness Program Isn't Working." Gallup.com. N.p., 13 May 2014. Web. 17 Nov. 2015.

3. Coyle, John, Daniel Lyons, and Elizabeth Southerlan. The Business Case for Integrated Wellness. New York: Oliver Wyman, 2015. PDF.

About BeniComp

Founded in 1962, BeniComp later expanded its services to include BeniComp Advantage, a supplemental health insurance product that identifies health risks early and aims to proactively improve health in America. Offering wellness solutions in all 50 states, BeniComp’s patent-pending policy has received numerous awards for innovation and best practices. BeniComp has been featured in Forbes Magazine, Employee Benefit News, The Wall Street Journal, USA Today, Medscape and other publications for its innovative approach to providing solutions. For more information about BeniComp, visit www.benicomp.com.

Sales Contact

Name: Kristy Dalechek
Phone: (844) 489-9519
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Wellness Programs Dont Work Infographic

A part of Baylor’s commitment to employee wellness is its partnership with BeniComp Advantage, which rewards healthy lifestyles by allowing employees to earn credits toward base health plan costs, and Baylor affords employees many opportunities to make positive and healthy lifestyle choices. According to Brenda Waddell, Director of Human Resources for Baylor School, healthy lunch menus in Guerry Dining Hall, free on-campus exercise and yoga classes, access to Baylor’s exercise facilities, a monthly health newsletter written by Baylor coach and fitness expert Julian Kaufman, and the BeniComp biometric screenings have all stimulated the commitment to improving personal wellness. Baylor employees and families also have access to the nurse practitioner and registered nurses at the school’s Health Center, including free or discounted flu shots each year. 

“Physical activity and employee wellness are important priorities at Baylor, and our long partnership with BeniComp has been significant,” said Mr. Joseph. “There is no greater benefit we can offer our employees than helping them live healthier, happier lives. Through this venture, we’ve seen a great improvement in our employees’ health and well-being, and Baylor is honored to be recognized..." Click here to read the full press release.

BeniComp Advantage Awarded Platinum Level Fit Friendly Worksite

FORT WAYNE, IN – BeniComp Advantage, a subsidiary of BeniComp Insurance Company, has been recognized as a Platinum-Level Fit-Friendly Worksite by the American Heart Association (AHA) for promoting a wellness culture by providing support to employees and implementing numerous healthy cultural changes that increase productivity, reduce absenteeism, decrease turnover, improve employee satisfaction and lower healthcare costs.

In the state of Indiana, 68 worksites have received recognition so far this year. Of those, 56 were awarded Gold-Level, 12 were awarded Platinum-Level.

Requirements for Platinum-Level Employers:

  • Offer employees physical activity options in the workplace.
  • Promote a wellness culture in the workplace.
  • Implement at least nine criteria outlined by the AHA in the areas of physical activity, nutrition, and culture.
  • Demonstrate at lease one behavior change, one cost savings, or have achieved a positive return on
  • investment (as documented by supporting data) listed in the application form.
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March 31, 2015

FOR IMMEDIATE RELEASE

BeniComp Advantage Contact: Lindsay Wojnarowski, 260-469-4942
Baylor School Contact: Barbara Kennedy, Director of External Affairs, 423-265-7707, ext. 354

(CHATTANOOGA, TENN.) - Baylor School has been named a recipient of the Gold Level Fit-Friendly Worksite Award from the American Heart Association (AHA).

The Fit-Friendly Worksites program is a catalyst for positive change in the workforce by making employees’ health and wellness a priority. The AHA classifies a Fit-Friendly Worksite as an employer that “goes above and beyond when it comes to the health of its employees, embracing criteria outlined by the AHA in the areas of physical activity, nutrition, and culture.”

A big part of Baylor’s commitment to employee wellness is its partnership with BeniComp Advantage, which rewards healthy lifestyles by allowing employees to earn credits toward base health plan costs. “We are firm believers that employees should have the ability to control their health care costs by taking ownership of their lifestyle choices,” says Julie Short, Director of Sales for BeniComp Advantage. “Therefore, if employees are making positive strides, rewards should be given.”

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Fort Wayne area business has been designated as a 2014 Gold Level Fit-Friendly Worksite

FOR IMMEDIATE RELEASE

Media Contact:
Ryan Johnson
Office (312) 476-6627
Cell (773) 419-2352
This email address is being protected from spambots. You need JavaScript enabled to view it.

Fort Wayne, IN – Heart disease is the No. 1 killer in the U.S., and physical inactivity doubles the risk. The Fit-Friendly Worksite program was developed to address this issue and help lower the risk of heart disease for employees. The AHA classifies Fit-Friendly Worksites as employers who go above and beyond when it comes to their employees' health. Participating employers have embraced criteria outlined by the American Heart Association in the areas of physical activity, nutrition, and culture.

BeniComp Advantage will receive the Gold Level Fit-Friendly Worksite Award at their headquarters, located at 8310 Clinton Park Dr, on Friday, June 13th at 10am. American Heart Association staff will preside over the award presentation.

“Physical activity and employee wellness are important priorities at BeniComp Advantage. There is no greater benefit we can offer our employees than helping them live healthier, happier lives and we are honored and excited to be recognized by the American Heart Association as a Gold-Level Fit-Friendly Worksite,” said Julie Short, Carrier Integration at BeniComp Advantage. “We’re committed to providing the best workplace environment possible. This will ensure our employees’ health and produce even more positive results for our worksite overall.”

Gold Level employers:

  • Offer employee physical activity support.
  • Provide/increase healthy eating options at the worksite.
  • Promote a wellness culture.
  • Implement at least nine criteria as outlined by the American Heart Association in the areas of physical activity, nutrition and culture.
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Worksites take steps to decrease healthcare expenses, increase productivity

FOR IMMEDIATE RELEASE:
June 5 th, 2014
2:00 PM

CONTACT:
Pat Holtman, Human Resources Director for Covenant Hospice
(850) 202-0337
This email address is being protected from spambots. You need JavaScript enabled to view it.

Pensacola, 6/4/204 – Covenant Hospice has been recognized as a Gold-Level Fit-Friendly Worksite by the American Heart Association for helping employees eat better and move more. Covenant’s newly partnered wellness vendor, BeniComp Advantage, has assisted them in this health achievement.

“Physical activity and employee wellness are important priorities at Covenant Hospice. We are honored and excited to be recognized by the American Heart Association as a Gold-Level Fit-Friendly Worksite,” said Pat Holtman, Human Resources Director at Covenant Hospice. “We’re committed to providing the best workplace environment possible. This will benefit our employees’ health and produce even more positive results for our worksite overall.”

Gold-level employers:

  • Offer employees physical activity options in the workplace.
  • Promote a wellness culture in the workplace.
  • Implement at least nine criteria outlined by the American Heart Association in the areas of physical activity, nutrition and culture.
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In 2010, BeniComp Advantage launched their Predictive Health Management (PHM) division, which offers the analysis and coaching of participants biometric screening results by Registered Nurses, Dietitians, Nurse Practitioners and MD’s to further the awareness and prevention of future claim spend. In this recent case, an employee of a client in Indiana whose data BeniComp has acquired for almost 4 years completed the annual blood screening, yet this one was different. Upon receiving the results, BeniComp’s medical professionals were able to detect an elevated serum GGT level which is an enzyme found primarily in the liver. In high risk circumstances, this is an indicator of liver or bile duct disorder and/or heart disease. In this specific case, it meant a hepatitis C diagnosis. 

An estimated 3.2 million people in the United States have chronic hepatitis C, a blood-borne virus that can cause liver failure, liver cancer, or even lead to death if left untreated. In February of 2014, BeniComp was able to pinpoint hepatitis C in one individual, and provide access to immediate intervention and treatment. While the 12 week treatment is almost completed, the prognosis is excellent and the participant’s new lease on life is priceless. 

Hepatitis C is becoming more and more of a known diagnosis, and there have been many advances made in the search for a cure. One well known drug is called Sovaldi, and is actually the drug prescribed to our client’s employee. For people in a clinical trial for the new drugs daclatasvir and sofosbuvir (Sovaldi), hepatitis C cure rates were astonishingly high at 98 percent, even for the hardest to treat patients. Additionally, Sovaldi can treat patients in 12 weeks, while previous drug combinations took 24 or 48 weeks.

The key is prevention and early detection. Many potentially life threatening diagnoses (and pocketbook threatening too) have been thwarted by routine wellness screenings and predictive outreach. This is BeniComp’s modus operandi. And this method is what keeps claims controlled, trend suppressed and employees healthy.

Tampa, FL – Fowler White Boggs was named Tampa Bay’s Overall Healthiest Employer by the Tampa Bay Business Journal (TBBJ) at an awards ceremony held on Thursday, September 12. This
marks the second time the firm has been honored as the Overall Healthiest Employer. With a total score of 92.5 out of 100, as determined by an independent research company used by the TBBJ, Fowler White
beat out 26 other companies for the honor.

As a firm at the forefront of employee wellbeing, Fowler White Boggs has created innovative programs that support employees in making decisions toward a healthy and balanced lifestyle both in and out of the office. The firm incorporated BeniComp’s wellness program, BeniComp Advantage, at the beginning of 2013, which assisted the firm offering “Balanced Benefits” discounts of up to $1,440 per year on health insurance premiums for employees who improve their health. Employees voluntarily participate in on-site biometric screenings called “Know Your Numbers” where they are tested by BeniComp in key health risk categories, then track their scores and set individual goals for improvement. The firm supports employees’ goals through a BeniComp administered Wellness Reimbursement Fund, on-site boot camp, weekly yoga classes, massages, healthy foods such as “Fruit on Fridays,” an on-site oatmeal bar, and 100% coverage for any preventative care under its health plan. 

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