In your company right now, over half of your workers are having troubles paying their current bills on time or at all. 25% are in financial doodoo (just can't pay them at all) and 80% of those are spending your time dealing it. 90% of your employees are dissatisfied with their financial situation. The department of defense supposedly loses about $1 billion in lost money dealing with employee money problems.
What can we do to change this?
Paying people more money doesn't translate to living better financially. Most people just get themselves into more financial trouble as their income rises.
Offering more employee benefits such as 401k, better insurance, etc doesn't necessarily give them any better financial backing. These things are nice and do give some financial padding, but fail to enact any real change.
Financial education and resources are the answer. By showing a vested interest in the financial well being of your employees creates more loyalty, enables autonomy, and allows for more personal choice. It doesn't force a change, but it does create awareness.
How much would spend on each employee for wellness programs? $40, $100, $200, $1,000, $10,000 a year?
Wednesday, October 31, 2012
Thursday, October 4, 2012
Women's Health and Cancer Rights Act
On October 21, 1998 a new federal law, the Women's Health and Cancer Rights Act, became effective. The law requires health plan that provide coverage for mastectomies to also cover reconstructive surgery and prostheses following mastectomies.
The law mandates that an insured receiving benefits for a medically necessary mastectomy who elects breast reconstruction after the mastectomy, will also receive coverage for:
Reconstruction of the breast on which the mastectomy has been performed
Surgery and reconstruction of the other breast to produce a symmetrical apperance
Prostheses
Treatment of physical complaints of all stages of mastectomy, including lymphedemas
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