PIQUA — The city of Piqua employees helped the city earn a premium holiday with their health insurance provider with a cost-savings of over $200,000 by participating a series of wellness initiatives.
“We received great news today that our employees met the requirements of participating in our health insurance provider’s wellness incentives that allows the city to receive a one-month premium holiday in 2019 at a cost savings of over $200,000, so we appreciate the great involvement of our employees to watch their health and to help us on keeping costs down,” City Manager Gary Huff said during the last Piqua City Commission meeting. “It’s great that they have taken this challenge on.”
Human Resources Director Catherine Bogan said that the city’s health insurance provider Medical Mutual of Ohio has a wellness company that offers incentives like premium holidays to get employees under that plan to participate in various activities, like biometric screenings and well-being assessments, that help those employees be proactive about their health.
“They have a set of wellness criteria and a tiered level of participation,” Bogan said. Bogan said that, due to the city employees’ level of engagement with the wellness incentives, the city reached the highest tier within the wellness incentives.
A month’s health insurance premium for the city costs a little over $200,000, Bogan said. In 2019, the city will receive a month free from that premium. The city plans to incorporate those savings back into the employees’ plan to cover the 6.4 percent increase expected for next year.
With city employees being proactive with their health and undergoing preventative screenings, the goal is to reduce claims costs in the future and reduce costs in the long run.
“Those things cost more for everyone,” Bogan said. “It benefits in the long term.”
The city plans to participate in these wellness initiatives again next year.
“We’ll be working toward it again next year,” Bogan said.
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