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preventative healthcare

The Best Preventative Healthcare Solution For Your Employees in 2024

At LG Resources, we believe that the most productive workforce is a healthy one. One of the ways we help clients save is by offering a preventative health benefits program — at no net cost to either the employer or employee. 

Here’s how it works:

What Is a Preventative Healthcare Benefit?

Preventative healthcare benefits can mean different things in different contexts, but in this case, we’re talking about a suite of health-related services. LG Resources’ benefits program brings together a range of prevention-related services, like telemedicine, biometric screenings, and human performance coaching. It also includes a hospital indemnity insurance plan.

One thing this preventative healthcare solution does not include: regular health insurance. LG Resources’ preventative health benefits are a supplement, not a substitute for a health insurance plan. This benefit program is designed to help employees proactively manage their well-being and make informed health decisions. 

Ultimately, this benefit can help you promote employee happiness, health, and productivity at no net cost to either you or your employees. By prioritizing employee health, you can create a more effective workplace.

A Convenient Preventative Healthcare App

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Our health benefit offering gives employees access to several modern health-related tools through a user-friendly app. These tools are designed to help them manage their health and prevent future health issues. The program includes all of the following:

  • Telemedicine
  • Mental and behavioral health programs
  • Behavior change learning activities
  • WellMetrics® biometric screening and test
  • Coaching
  • Fixed indemnity payments for hospitalization
  • Prescription drug coverage
  • And more!

Our app is like a one-stop hub for health maintenance. Your employees can use it to track their health data, schedule telemedicine appointments, access their medical records, and receive coaching. 

Even if your employees already use similar services, they may find our user-friendly app more convenient. That means they’re more likely to follow through with their health maintenance tasks.

Zero Net Cost

This benefits program is optimized for tax benefits. You can deduct the premiums pre-tax, and the tax savings often cover more than the full cost of the plan. As a result, your employees will actually get slightly higher take-home pay, and your company will be slightly more profitable. 

To give you some numbers, the average employer we work with can save $700 per enrolled employee per year thanks to reduced FICA/FUTA obligations. This is a direct cash flow increase, not any sort of tax credit. An employer with 100,000 employees can expect 75% enrollment and a total annual savings of over $52 million. The employer only needs to pay a flat administrative fee for the program out of their payroll tax savings.

This program is fully compliant with Section 125 of the IRS tax code and other IRS guidance. It qualifies as a carrier-based, fully insured, limited medical benefit plan. It is state-licensed and actuarial certified.

The program is generally free for employees, too. Our benefits have $0 out-of-pocket costs for employees — no copays or deductibles. Employees pay for the program using pre-tax dollars, but typically gain an increase to their net pay thanks to tax savings and a post-tax claim payment they receive on their paycheck. If an employee is enrolled automatically, they cannot experience any decrease in net pay.

Simple Setup

We’ve made it as easy as possible to add this preventative health program to your company’s employee benefits package. There’s a dedicated support team to help you every step of the way, from setup to payroll and ongoing tax and legal advice. 

We can help you auto-enroll your employees in the program. 

Get Your Preventative Health Benefits Set Up Today

LG Resources is here to help employers save money and time. With a healthier and more productive workforce, you can make time for the tasks that matter most. We offer a variety of solutions to make your business more efficient, including preventative health and other tax-advantaged employee benefits.

Contact LG Resources today to get started with net-zero-cost supplemental health benefits for your employees.



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