Since the start of 2020, the COVID-19 pandemic and several other significant events have wreaked havoc on our collective health and mental well-being. MHA’s Work Health Survey findings indicate that the pandemic has intensified preexisting employee issues, including increased risk of workplace stress and burnout and insufficient access to affordable healthcare. These terrible circumstances have helped pave the way to the normalization of mental health challenges at work.
A recent study showed that 50% of full-time U.S. workers left their previous roles due to mental health reasons and reported performing at 72% of their total capacity in the past year when considering their mental health. Additionally, those who felt their employer supported their mental health were 2.5x more likely to stay at their company for 2+ years and 5.6x more likely to trust their company and its leaders.
The World Health Organization (WHO) calculates that anxiety and depression cost the economy $1 trillion per year globally in lost productivity. However, WHO also discovered that for every $1 spent on treating ordinary mental health concerns, there’s a $4 return in improved health and productivity for employers. A report from the American Heart Association’s CEO Roundtable stated, “The cost of doing nothing is higher than investing in evidence-based prevention and treatment.”
We sat down with Chelsea Carman, Healthgram’s Mental Health Coordinator, to discuss a few ways that employers can help impact and improve the mental health of their employees:
Employers play a considerable role in providing benefits to employees. 50% of the total U.S. population receives employer-sponsored health insurance. 34% of employees in the MHA survey reported that they couldn’t afford their health care costs. Employees constantly struggle to pay premiums and cannot afford additional co-pays, out-of-pocket expenses, and out-of-network costs to access needed care.
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Healthgram clinics allow companies to offer a dedicated doctor to their workforce. Employee membership is 100% voluntary, with no out-of-pocket costs. Employers pay on the employees’ behalf – giving employees easy access to their primary care doctor.
Click here to learn how primary care doctors keep track of mental health in their patients.
Carving time out to schedule an appointment, taking time off work, and traveling to a doctor’s or therapist’s office can disrupt mental health alone.
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Research shows that 50% of employees admit they don’t understand their benefits package.
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Don’t wait until open enrollment to be vocal about the benefits your company offers. Have a communication strategy in place and keep it clear and consistent. From flyers and brochures to monthly newsletters to members, consistent communication can help to ensure employees know their benefits program in detail. When employees know how to use their benefits, plan participation goes up, and per-person program costs go down about 20% annually.
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If there’s one good thing that has come from the uncertainty of the last two years, it’s the increased awareness of supporting employee mental health. Ensuring that your employees are informed about their benefits and how to access them is key to helping them maintain their physical and mental health.
Healthgram’s diversified healthcare solutions allow your workforce to attain better financial, physical, and mental health while cutting the confusion and frustration that traditionally accompanies employer-sponsored insurance. See how we’re making a difference and how we can help your company uncover a new approach to care.
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