If you ever feel that you or your company is spending so much on health insurance, your could try these to save cost.
Our recommendation depends on the kind of health insurance policy that is applicable in your country.
There are places where individuals benefit a lot from refunds. But in other countries, whatever amount is paid to insurance companies never returns to any one.
Meanwhile, this also depends on the kind of health insurance cover an individual in a company has.
The world economy is getting hit daily by the aftermath of COVID-19. As a result, one of the areas companies are wish they could cut cost is health insurance.
There is so much money paid to health insurance providers.
For instance, in Nigeria, there use to be a refund to the insured individual if the person did not use up the amount.
However, as the years go by, new policies made the funds non-refundable.
If your health insurance falls in this category, or you are looking for ways to cut down on cost of health insurance, this suggestion can help.
1. Promote A Healthy Lifestyle In Work Place
The surest way of staying away from the hospital is to be in good health.
Companies can promote healthy lifestyle among its workers by providing some indoor game around the office.
This few minutes of exercise could add to the recommended during of physical activity to keep an individual healthy.
The idea is to make workers see the need to engage in few minutes of physical activities and reduce sedentary lifestyle.
According to the World Health Organization (WHO), 60 to 85% of people in the world lead sedentary lifestyles (1).
It says sedentary lifestyles increase all causes of mortality. Also, these double the risk of cardiovascular diseases, diabetes, and obesity.
Also sedentary lifestyle increases the risks of colon cancer, high blood pressure and osteoporosis.
Other illnesses that it could cause are lipid disorders, depression and anxiety.
See How Sedentary Lifestyle Affects Your health
However, WHO recommends moderate physical activity for up to 30 minutes every day.
Companies could infuse this periods in the break hours to improve the health of their employees.
2. Seek The Services Of A Health Coach
Employing the services of a health coach will help employees to always remember to live healthy.
A health coach helps to remind workers of a healthy diet. The health coach can share tips on how to reduce how long they sit.
New diet plans could offer employees adventurous moments in their kitchens.
With a good nutrition and adequate physical activity, an individual stands a better chance of staying healthy.
Most importantly, this reflects in the individual’s level of efficiency and productivity.
3. Encourage Workers To Go For Regular Checkups
Note that what we are recommending does not undermine the need for individuals to go for regular checkups.
It is important that every worker goes for regular checkup to know the state of their health.
This ensures that they are in good health while maintaining a healthy lifestyle.
The idea is that it will reduce the cost of treating ailments, since living a healthy life lowers risk of diseases.
A study suggests that diet and lifestyle changes could reduce incidents of chronic diseases (2).
With these two modifications, companies can then seek policy adjustments to reduce cost of health insurance.