Preventative Health Plan for Your Workforce: The What & Why

Monitoring and improving the overall well-being of your workforce is a good business philosophy and that’s exactly what preventative healthcare plans are designed to do. 

Preventive care can contribute to a healthy and productive workforce while also boosting team morale. 

That said, it’s important to understand preventative care, learn about the benefits it can bring to your business, and consider the cost versus reward of this type of program.

What is Preventative Healthcare? 

A preventative healthcare plan is a program designed to support your team’s health and help prevent the onset of serious illnesses. 

Preventative care can vary based on the provider, but it should always offer a basic level of healthcare that includes checkups and give your team access to a medical professional. 

It’s important to note that preventative care brings benefits to both the company and its employees, so it’s a win-win scenario. 

Employees can enjoy basic medical services and features designed to improve their overall well-being. With preventative healthcare plans like LG Resources’ they even get access to a 24/7 service line to answer any questions or concerns. 

Is Preventative Healthcare for Your Workforce Worth It?

A wave of poor health among your workforce can quickly derail your plans. 

The good news is that preventative care can contribute to better overall health across the board through screenings and monitoring programs. 

Not only this, but preventative plans can also include mental health support and even offer indemnity payments if any employee is hospitalized. 

Simply put, preventative plans are a great idea because they help keep your workers happy and in good physical health while also providing a plan for worse-case scenarios.

Benefits of Preventative Healthcare Plans

Before reviewing the benefits of preventative healthcare, LG Resources’ plan premiums are deducted pre-tax. This means that your employees have a lower taxable income, not to mention the fact that the money saved from the reduction in taxes usually covers the cost of the preventive plan. 

There are 3 clear benefits of implementing a preventative healthcare plan. These are:

Make Employees Feel Appreciated

If your employees know their health is one of your priorities, they will feel valued. This boosts morale, increasing loyalty as well as long-term retention.

Reduce Healthcare Costs

Preventative care identifies potential health issues early, reducing expensive emergency treatments and long-term care costs for everyone involved. 

Lower Absenteeism rate

Absenteeism can become a major problem, whether or not it’s due to health reasons. By providing preventative care, you can help improve health across the board and lower the number of sick days your team takes every month. 

Steps to Setup a Preventative Healthcare Plan for Your Employees

Now that you have a better understanding of preventative plans, let’s go over the steps you have to follow to set one up for your workforce. 

Figure Out What You Need

The first step you have to take is analyzing your business needs and identifying the goals you want to achieve. 

Here, it's also a good idea to set a budget, figure out what type of coverage you want your preventative plan to provide, and select tangible goals to measure your success. Your goals can include things like lowering sick days by a certain percentage. 

Find a Setup that Works for You

Next, start looking at the different plans out there. Custom plans may seem enticing, but these generally provide very similar coverage to ready-made solutions and tend to cost much more. 

Instead, you should start by looking at well-known providers that go beyond the basics. For instance, LG Resources provides coaching, support for behavioral change, and around the clock telemedicine without copays or deductibles. 

Launch and Encourage Employee Participation

Once you’re sure that your preventative care provider complies with all relevant regulations and privacy requirements, it’s time to launch your solution and enroll your workforce. 

If you have a quality platform, enrollment should be automatic, plus your employees should have access to resources that help them understand and utilize the features at their fingertips. 

Finding the Right Partner for Your Preventative Healthcare Needs

Preventative healthcare plans can help your employees live healthier lives, save money on medical bills, and enjoy their leisure time even more. 

Companies that take care of their employees tend to have a happier, more productive, and more loyal workforce. That said, it’s important to find a preventative care provider with features that your force will truly use and benefit from. 

Interested in creating a preventative healthcare plan or switching your current provider? At LG Resources, our preventative plan includes 24-hour telemedicine consultations, health programs, and other great benefits that help your team members live happier, healthier lives.