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Wellness Programs

Across industries, implementing health management programs is a smart practice gaining momentum. PSA is at the forefront of this area of employee benefits management – helping our clients identify and address employee health risks before they become claims.

Address risk before it becomes a claim – Fact: Roughly 34% of the population has at least one chronic medical condition. Five percent of an organization’s employee population spends 50% to 60% of the organization’s healthcare budget. And the full cost of employee absences is equal to 36% of total payroll, and is 4X the cost of treating their chronic conditions.

Across industries, implementing health management programs is a smart practice gaining momentum. PSA is at the forefront of this area of employee benefits management – helping our clients identify and address employee health risks before they become claims.

Recognizing the importance of a healthy workforce, we will work with you to develop wellness solutions that positively impact your benefit costs. Our approach provides a strategy that addresses three major categories of health risk management: worksite health promotion, disease management and care management.

Keeping your employees fit not only helps control your healthcare costs, but also strengthens your company by boosting morale, retaining talented employees and increasing productivity.

PSA is a consultant and broker, who works independently of service providers, carriers and wellness vendors. Therefore, we’re free to introduce you to the best options available to create your company’s ideal, customized program.

We help you navigate the tasks associated with launching and maintaining an effective wellness program. Plus, we remain your partner, working with you to ensure regulatory compliance, managing insurance carriers and wellness vendors, integrating the program into your benefits package and reviewing and evaluating your program routinely.

Areas of Employee Benefits

Recent Blog Posts

Jun
16th
5 Ways Cyber Insurance Can Help Your Physician’s Practice Manage Cyber Risk

Did you know? To date, in 2017 there have been 133 reported data breaches in the healthcare industry – on average 17,849 records breached per incident. The Ponemon Institute estimates the cost per lost or stolen healthcare record to be about $400. This does not include fines and penalties, which can further increase the cost. […]

Jun
8th
Ever been asked to provide a Certificate of Insurance?

A question I hear from clients often is “How do I get a Certificate of Insurance?” A request for a Certificate of Insurance (COI) may be the most frequent interaction you have with your property and casualty broker or your insurance carrier. If you’ve never had to obtain a COI before, here’s an overview of […]

May
31st
What is a Controlled Group?

When several entities (whether incorporated or unincorporated) share common ownership, a controlled group or common control may exist.  For many IRS benefit plan purposes, a controlled group is treated as a single employer.  For example, the determination of an employer’s size for purposes of COBRA, Medicare Secondary Payer rules and the ACA’s Applicable Large Employer […]

May
25th
PSA’s Office Renovation Improves Employee Engagement, Performance and Client Experience

Research has shown that employees who are highly dissatisfied with their work environment are often the least engaged. And that lack of engagement can often translate to poor customer service and less satisfactory client outcomes. At PSA, we recognize the importance of a favorable work environment for our employees — so they’re equipped to better […]