Stay informed and ready to meet both everyday challenges and long-term planning and policy-making goals, with focused news, practical information, and strategic insights on all HR-related...
Oct. 14 — Employers offering health-care benefits such as on-site medical clinics had far fewer “incidental absences” per employee, according to a study released Oct. 14 by the National Business Group on Health.
Employers offering on-site health clinics to all of their employees have an average of fewer than five incidental absences—something the study defines as sick days or unplanned paid time off—for every employee each year, according to the study. But employers with limited or no access to the clinics have an unplanned absence rate of more than 20 workdays per employee annually, the NBGH said. The study was conducted with Truven Health Analytics.
Sixty percent of surveyed employers offer on-site medical clinics, with manufacturers being the most likely to offer them (86 percent), the NBGH said.
One thing that might trip up employers and employees who are enjoying the benefits of the clinics is the Affordable Care Act's “Cadillac” tax, a 40 percent excise tax on the portion of annual health plan costs that exceed certain thresholds. The limits are currently set at $10,200 for individuals or $27,500 for families, and will be indexed to inflation.
The tax is set to take effect in 2018, and costs for operating an on-site medical clinic are included in the calculation of the tax. This means employers must carefully consider how opening or expanding an existing clinic might affect their health-care costs, according to the study.
Employers spent an average of $10,370 per employee on health benefits in 2014, according to the study. Those costs varied by industry, but the difference is most likely due to workforce composition and generosity of benefits, the study said.
On-site health clinics didn't have an impact on the average cost of group health coverage; employers with and without such clinics had “nearly identical” average costs, according to the study.
The NBGH said it has been difficult to find a connection between the offering of on-site health clinics and lower overall health-care costs. But offering on-site clinics can give employees access to “better care” and lead to increased worker productivity because employees don't have to leave work to go to the doctor, the NBGH said.
To contact the reporter on this story: Kristen Ricaurte Knebel in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Phil Kushin at email@example.com
More information on the report can be found at http://empaq.org.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)