Retirement plan sponsors are the first, and most important, line of defense in providing employees with well-managed retirement savings plans.
Employee Health & Wellness
|
2 min read
SWBC Employee Benefits Consulting Group (EBCG) provides innovative, cost-saving employee benefits and wellness programs to our clients. Keep reading to learn how one of my clients in the educational services industry benefited from SWBC’s comprehensive benefits consulting and brokerage services.
The Challenge
A San Antonio school district with just over 2,000 employees was struggling under the weight of the rising cost of medical claims by their insured employees.
The Solution
We developed a custom-branded wellness program for the school district. Wellness programs, when developed with the organization and their employees in mind, can lead to a healthier workforce, which can reduce medical claims. The school district’s custom-developed wellness program included:
- Biometric Screenings
- Flu-Shot Clinics
- A Mammography Bus
- 5K Run/Walk
- Health Fair
- Disease Management
- On-site Health Coaching
The Results
The school district experienced a significant reduction in claims expenses over four years. When they began working with us in 2016, their claims expenses were over $12 million. In 2020, they dropped to right under $8 million. Likewise, their loss ratio dropped from 129.3% in 2016 to 89.3% in 2020.
- $4.4 million decrease in claims expenses over a 4-year period
- A 40% improvement in loss ratio over a 4-year period
SWBC Employee Benefits Consulting Group is a team of strategic leaders in the health insurance and benefits industry. They provide innovative solutions to healthcare cost drivers through their collaborative, consultative approach, allowing their consultants to deliver tailored plans to fit any company’s budget and positively impact their organization’s culture. To learn how our team of benefits experts could help your organization with your employee benefits and wellness plans, visit our website.
Let Us Know What You Thought about this Post.
Put your Comment Below.