New Era in Benefits Needs

New Era in Benefits Needs

Courtesy Guardian

Workers seek empathy and flexibility in a post-pandemic work world

 

 

Schedule your Open Enrollment review and our 2023 Open Enrollment checklist contact us at info@medicalsolutionscorp.com or (855)667-4621.

Mental Health Infographic

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Identifying and Easing Employee Burnout

Identifying and Easing Employee Burnout

Stress is common for most people. Still, if you’ve felt off-kilter at work lately, it could be burnout instead of temporary job stress.

How to Identify Burnout From Work

Essentially, job burnout is unmanaged work stress — although that’s not a medical diagnosis. Job burnout isn’t the same as depression or anxiety because the former is specific to work situations while the latter two are not.

If you’re burned out at work, you may be unable to concentrate, irritable, experiencing relationship conflicts, lacking in energy or having other issues. You could also have physical symptoms including muscle tension, insomnia or pain. If you’re feeling overworked, cynical and detached or incompetent, you likely have job burnout.

Ways to Ease Job Burnout

Recognizing burnout is only part of the solution. The only way to relieve burnout is to make changes (and possibly a few hard choices).

Small changes could include getting more sleep, hiring help at home or prioritizing self-care. Of course, not all solutions are simple, especially if you have caregiving responsibilities and a limited budget.

You may need to take time off work, if possible, or add breaks to your workday. Or, you could discuss your workload with your boss to ask if additional personnel could be hired or certain tasks reassigned. If your employer won’t work with you, you may need to find a new job.

How Can We Help?

Many health insurance policies provide mental health benefits that can help with burnout, such as reduced-cost therapy and meditation apps. If you have any questions about your coverage, we’re here to help.

Learn more about how we are successfully helping navigate SMB for 20+ years. If you have any questions or would like additional information, please contact us at 855-667-4621 or info@medicalsolutionscorp.com.

For information about transparency providers and new tech tools contact us at info@medicalsolutionscorp.com or (855)667-4621.

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Employer Sponsored Health Plans Generate 47% ROI

Employer Sponsored Health Plans Generate 47% ROI

Health insurance is expensive, and we’ve all asked ourselves, “Is it really worth what I am paying?”. For employer-sponsored health insurance, the answer is a resounding YES it is. For every dollar employers spent on health insurance-related costs, they get back $1.47 according to a new study from Avalere Health. This figure in fact is expected to grow to 52% by 2026 from 47%.

The U.S. Chamber of Commerce commissioned the Avalere Health employer study that used publicly available data from the Bureau of Labor Statistics and the Congressional Budget Office to estimate the return on investment employer-sponsored health insurance provides employers with 100 or more employees.  Improved employee productivity, reduced direct medical costs, and tax benefits were the primary aspects that generated benefits for employer-sponsored health plans. Employers who offered employer-sponsored health coverage and wellness programs had healthier employees and spent less on direct medical costs, Avalare found.

The Numbers

Share of Benefits by Component as % of ROI for ESI

Employee productivity reflects the reductions in absenteeism and lost productivity after receiving employer-sponsored coverage. These productivity increases contributed an estimated $275.6 billion in employer benefits in 2022, or 53.3% of all benefits. By 2026, this is expected to rise to $346.6 billion or 55.9 percent of total ROI.

ROI of some of these key components includes $275.6 billion from improved productivity in 2022 and $346.6 billion in 2026, $101 billion from a reduction in direct medical costs in 2022 and $108 billion in 2026, and $119.2 billion or a 23% ROI from tax benefits in 2022 and $139.7 billion in 2026.

Employer-Sponsored Insurance(ESI) offerings can positively influence prospective employees’ decisions to join firms, reducing employer recruitment and vacancy costs. The study’s model assumes that 9% of individuals decide to accept a certain position based on ESI. The analysis estimates that firms with 100 or more employees derived $141M in employer benefits in 2022, growing to $167M in 2026.

Similarly, ESI positively affects the retention of employees. Avalere’s analysis estimates $20.3B in employer benefits from improved retention in 2022 and $24.3B in 2026.

Conclusion

The study finds that industries where firms generally made greater investments in ESI tended to result in larger ROI. Also, since costs associated with turnover and recruitment are positively associated with wages, Avalere estimates higher ROI in higher-wage industries. On the flip side of that same coin, lower ROI was associated with industries that typically have a lower investment in ESI and wellness programs, lower wages, and lower employee participation in ESI and wellness programs.

The full report including the methodology can be found here.

For more information on how Employer-Sponsored Insurance and a PEO can make difference for your small business please contact us at info@medicalsolutionscorp.com or 855-667-4621.

 

Study: Employer-Sponsored Health Insurance Produces +47% ROI

Learn how our PEO Partnership can help your group please contact us at info@medicalsolutionscorp.com or (855)667-4621.

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Practice Self-care

Practice Self-care

Maintaining your mental health is an essential component of overall good health. One of the best ways to take care of your mental health is to practice self-care. Self-care includes taking time to do things that bring you happiness and improve your mood.

While self-care looks different for everyone, here are a few tips to consider as you begin your journey:

  • Exercise. Exercise releases endorphins, which are hormones in your body that improve your mood. Walking, running, weight lifting and other activities can have a positive effect on your mental health. Find something you enjoy.
  • Get restful sleep. Create a sleep schedule and stick to it, even on your days off. You may want to incorporate a nighttime routine that includes skincare, a bubble bath or a cup of Having a regular pattern each night helps you get more restful sleep and may improve your mood upon waking the next day.
  • Eat healthy foods and stay hydrated. Drink lots of water throughout the day and try to choose foods that healthily fuel your body. Finding new recipes that include nutritious foods can be a fun and engaging way to improve your diet.
  • Reach out to family, friends and co-workers. Human connection is essential to your mental health since it can boost your mood and provide emotional support. Consider getting together with co-workers outside of work, calling a family member or scheduling coffee or dinner with friends.
  • Find activities that help you relax. Whether reading a book, trying a new yoga routine or spending time outside, try to find a few activities that let you calm your mind. An escape from the constant busyness of life can also help improve your mental
This infographic is intended for informational purposes only and is not intended to be exhaustive, nor should any discussion or opinions be construed as professional advice. Readers should contact a health professional for appropriate advice. © 2022 Zywave, Inc. All rights reserved.

 

Yoga

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When to Choose Urgent Care

When to Choose Urgent Care

Should the cut on your hand or the chest pain send you to the ER or an urgent care center? It’s difficult to be sure. Urgent care centers provide fast, noncritical health care on a walk-in basis. A visit is generally around the same price or slightly more than a clinic visit but far cheaper than a trip to the emergency room.

But how do you know when you may need urgent care or when to choose another treatment option?

Urgent care fills a health care gap

According to experts, many patients visit emergency rooms for health care issues that could be handled elsewhere. Urgent care centers can usually handle injuries and illnesses that need immediate care but are not life-threatening or debilitating. Examples include minor cuts and burns, back or muscle pain, vomiting and diarrhea.

Urgent medical conditions are ones that are not considered emergencies but still require care within 24 hours. Some examples include:

  • Accidents and falls
  • Cuts that don’t involve much blood but might need stitches
  • Breathing difficulties, such as mild to moderate asthma
  • Diagnostic services, including X-rays and laboratory tests
  • Eye irritation and redness
  • Fever or flu
  • Minor broken bones and fractures in fingers or toes
  • Moderate back problems
  • Severe sore throat or cough
  • Skin rashes and infections
  • Sprains and strains
  • Urinary tract infections
  • Vomiting, diarrhea, or dehydration

Primary care providers manage routine health care

A primary care provider, or PCP, can manage most of your regular health care needs. PCPs offer cheaper treatment choices, and you’ll often see them before going to a specialist, although they may coordinate your overall care. For general health concerns, consider contacting a primary care provider.

When to Choose Urgent Care

Emergency departments provide critical care

Emergency departments are indispensable if you’re critically ill or injured but will likely be your most expensive option. Of course, in a true emergency, the cost is the last thing on many people’s minds.

While urgent care could save you from an expensive ED visit, it’s better to err on the side of caution if you’re hurt or sick and not sure what to do. If you can’t make it to the hospital or the situation is life-threatening, you can call 911.

Dial 911 immediately for any medical problem that appears life-threatening. Some examples of conditions that need emergency medical care include:

  • Compound fracture, which involves a bone protruding through the skin
  • Convulsions, seizures, or loss of consciousness
  • Deep knife wounds or gunshot wounds
  • Fever in a newborn less than 3 months old
  • Heavy, uncontrollable bleeding
  • Moderate to severe burns
  • Poisoning
  • Pregnancy-related problems
  • Serious head, neck, or back injury
  • Severe abdominal pain
  • Severe chest pain or difficulty breathing
  • Heart attack symptoms, such as chest pain that lasts longer than two minutes
  • Stroke symptoms, such as vision loss, sudden numbness, weakness, slurred speech, or confusion
  • Suicidal or homicidal feelings

If you need help understanding how your health insurance covers different treatment options, just reach out — we’re here for you.

 Learn more about how we are successfully helping navigate SMB for 25+ years. If you have any questions or would like additional information, please contact us at 855-667-4621 or info@medicalsolutionscorp.com.

For information about transparency providers and new tech tools contact us at info@medicalsolutionscorp.com or (855)667-4621.

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5 Tips to Staying Healthy During Flu Season

5 Tips to Staying Healthy During Flu Season

You can get ahead of cold and flu season by embracing a few habits that can help support a healthy immune system. 

Plus, boosting your natural immunity doesn’t have to be time-consuming or expensive. 

You may be doing some of these things already. If not, take baby steps to build new habits, because trying to do too much too soon may lead to frustration. 

What steps can you take to fit these five tips into your life?

1. Get a good night’s rest. 

Like stress, sleep deprivation can reduce the effectiveness of your immune system and lead to a longer recovery time if you do get sick. 

Practice good sleep habits like putting away your devices before bed and creating a wind-down routine to help you relax.

2. Watch your stress levels.

Stress can weaken your immune system, making it harder to fight off a cold or the flu. Try practicing stress-reduction techniques such as daily meditation or breathing exercises.

3. Keep your hands clean. 

Wash your hands often, especially when entering or leaving public places or touching surfaces. Cleaning your hands with soap and water for at least 20 seconds can be the best way to remove germs. When that’s not possible, use a hand sanitizer with at least 60% alcohol.

4. Stay active. 

Exercise can help alleviate stress and support your immune system — and physical activity doesn’t have to be intense to make a difference. To get started, you can try taking a daily walk or practicing gentle yoga poses.

5. Focus more on nutrition.

A healthy diet supports a healthy immune system. In addition to the supplements, you may already take, try to eat foods rich in vitamins and minerals, such as:

  • Citrus fruits
  • Spinach
  • Green tea
  • Shellfish

 

Cleveland Clinic:  We’re now several months into the coronavirus pandemic, and we’re also fast-approaching peak season for yet another viral illness: influenza. Infectious disease specialist Kristin Englund, MD, explains the differences between COVID-19 and the flu, and shares steps we can all take to help us stay healthy this flu season. 

 

For information about transparency providers and new tech tools contact us at info@medicalsolutionscorp.com or (855)667-4621.

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