X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Stethoscope on dollars Between 2015 and 2019, lost work due to sick leave has increased 12%, while short-term disability has risen 50%.

Health insurance may be an employer’s biggest benefits expense (not including wages, of course), but as the amount being spent on health care rises, the ROI may be adding up to less than employers think.

According to a recent study from the Integrated Benefits Institute (IBI), for every dollar that employers spend on health care benefits, they’re spending 61 cents on illness-related absences, disability and reduced productivity. Employees are missing a collective 978 million in sick days, workers’ comp, disability and family leave, and health-related distractions at work add an additional 540 million in lost workdays.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Emily Payne

Emily Payne is managing editor at BenefitsPRO. A Wisconsin native, she spent the past eight years writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

More from this author

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.