Employers need to be aware of the benefits the healthcare extension can have on their bottom line.
Salt Lake City, Utah (PRWEB) July 13, 2013
In January 2014, wellness incentive limits are moving from 20% to 30%. Companies are quickly trying to identify ways to take advantage of these increases and ultimately lower employee healthcare costs. Company wellness programs are beginning to play a major role by increasing the overall health of the company’s workforce, which often results in lower premiums. Federal stipulations have been placed on these programs and regulations are ready to begin. As the deadline for compliance draws closer, Orriant announces they have been aligned with these regulations for nearly a decade.
It was recently revealed that employee penalties under the Affordable Care Act (ACA) have been extended. The additional year allows business owners to find compliant corporate health programs, which often results in lower employee healthcare costs. Many corporations are turning to Orriant for their outcome-based programs due to their high participation rates, successful results, and federally compliant wellness incentives. While affordability penalties won’t be implemented until 2015, companies can get a jump start by utilizing Orriant’s expertise in 2014 or before.
Orriant CEO Darrell Moon states, “This is a critical time for business leaders who are strategizing on how to get the most out of the new increases for wellness incentives. This new federal deadline extension is giving decision makers the ability to utilize Orriant’s health-contingent wellness programs and reap the benefits before they have to worry about any affordability penalties.”
Orriant’s corporate health plans revolve around individual employee progression. Employees are partnered with an Orriant coach to create realistic yet challenging goals. These goals are based on the individual’s eating and exercise habits. The same Orriant coach continues to help the participant with a unique online tracking tool. Employee success leads to lower employee healthcare costs. Orriant programs hold a staggering 70-90% participation rate, in part due to Orriant’s personal level of commitment and passion for wellness. As a result, participants reap the benefits of federally compliant wellness incentives and an increased quality of life.
Orriant is encouraging employees and employers to take advantage of the 2014 federal increases by utilizing an approved company wellness program. Companies are quickly seeing the benefits of using Orriant’s outcome-based programs in order to start tackling soaring healthcare costs now, before the affordability penalties take effect in 2015. Being prepared is the best way to adjust to new federal regulations. For more information on how to reduce healthcare premiums, visit their website at http://www.orriant.com.