There are various types of employee health plans. In the past decades, employers turned to managed care plans to cut costs. Health maintenance organizations (HMOs), preferred provider organizations (PPOs), and point of service health plans (POSs) have become common.
High-deductible health plans (HDHPs) have lower premiums, but are less desirable for those who might incur regular medical costs. PPOs are perceived as more flexible than HMOs since employees can choose from a wider range of providers.
A survey by The Art of Health Promotion reports that companies who introduced employee health and wellness programs achieved a 30% decrease in medical and absenteeism costs in under four years.
Companies attract, retain, and increase productivity of employees when they offer comprehensive and affordable benefits packages. Offering benefits to part-time workers also increases employee morale and satisfaction. Organizations that provide wellness programs invest in prevention as well as treatment.