Indiana wellness tax credit worksite wellness - c2 your health llc - cindy cohen rn

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Indiana wellness tax credit worksite wellness - c2 your health llc - cindy cohen rn

  1. 1. Health-E 4 Life is a division of C2 Your Health LLC www.CindyCohenRN.com
  2. 2. www.CindyCohenRN.com
  3. 3. In the poem "An Ambulance Down in the Valley." by Joseph Malens (1895) describes a debate about what is the best way to deal with the problem if they had people falling off this cliff high above the city –The solution was to: 1) to raise funds to build a fence at the top of the cliff, or 2) to park an ambulance down in the valley for it to efficiently haul people off to the hospital.A lot of the people asked, "Why build a fence? Weve always had an ambulance in the valley and it worked very well. Why should we raise more funds to build a fence?“ A wise man said “an ounce of prevention is worth a pound of cure.” www.CindyCohenRN.com
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  6. 6. The average person goes to the doctor’s office 4 times per year. Maybe this is you? 1 doctor visit is $174* 4 doctor visits per year adds up to $696 per year * Average cost per visit www.CindyCohenRN.com
  7. 7. On average your doctor writes you 12 prescriptions per year. It may seem like a lot however when you factor in antibiotics, highblood pressure medications and such you can see how it might add up. 1 prescription is $54.34* 12 prescriptions per year adds up to $652 per year * Average cost per prescription www.CindyCohenRN.com
  8. 8. The average number of over the counter (OTC) medications used in one month is 3.Seem like a lot? Cold, flu, cough, headache, allergy, indigestion, constipation … you? 3 OTC medications per month is $30* 36 OTC medications per year adds up to $1,080 per year * Average cost per medication $10.00 www.CindyCohenRN.com
  9. 9. How much money does it cost you to miss work? Do you miss a day of pay, use up your paid days off and get behind schedule? The average person misses 8 days of work due to either their illness or their children. What’s a day of pay worth to you? Wage$$ = ?? www.CindyCohenRN.com
  10. 10. 4 doctor visits/year 12 Rx/year 36 OTC Meds/year $174 = $696 $54.34 = $652 $30 = $1,080 $2,428 per year You’ve saved 8 Missed days of work Wage$$ = ?? or spent not counting your Saving on your wages medical bills is like having a part-time job! Center for Disease Control 2008 www.CindyCohenRN.com
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  13. 13.  84% of all businesses employed less than 500 people These businesses play a significant role in the state’s employment rates and overall economy Small businesses are feeling a real pinch from rising insurance and healthcare rates Businesses need help with wellness solutions for their companies and their employees Kelly School of Business http://www.incontext.indiana.edu/2010/mar-pr/article2.asp www.CindyCohenRN.com
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  16. 16. For every $1.00 spent on each employee the return on investment is high however very few employees were impacted Program ROI Employee Population Disease $7 – 10.00 10 – 15% management Disability $7 – 10.00 10 -15% management Medical Cost $2 – 3.00 5 – 7% management Wellness Council of America 2010 www.CindyCohenRN.com
  17. 17. For every $1.00 spent on each employee the return on investment is:Program ROI Employee PopulationWellness $3 – 24.00* 100% * ROI depends your wellness interventions & the aggressiveness of your wellness program Wellness Council of America 2010 www.CindyCohenRN.com
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  19. 19.  Indiana’s businesses are entitled to a tax credit against their state tax liability in an amount equal to 50% of the costs incurred for providing a qualified wellness program for the business’ employees during the taxable year. Eligibility Criteria (http://www.in.gov/isdh/19950.htm) 1) Must be actively engaged in business and 2) On at least 50% of the working days during the preceding calendar year must have employed at least 2 but no more than 100 eligible employees. The majority of whom work in Indiana. Qualified Wellness Program: - A wellness program that is certified by the Indiana State Department of Health under IC 16-46-13. For full legislation details please visit the link below http://www.in.gov/legislative/ic/code/title6/ar3.1/ch31.2.html www.CindyCohenRN.com
  20. 20.  For a wellness program to become an Indiana State Department of Health Certified Wellness Program, the plan must include all of the following components:1. Employee appropriate weight loss2. Smoking cessation; and3. Pursuit of preventative health care services Each of the above components must include the following:i. Assessmentsii. Intervention-Educational Materialsiii. Rewards Programiv. Measurement Tool Sample Wellness Plan Outline (http://www.in.gov/isdh/files/WellnessPlanOutline2.pdf) www.CindyCohenRN.com
  21. 21. 1. Employee appropriate weight loss Assessment Rewards ProgramIntervention-Educational Materials Measurement Tools Reduced risk factors related to obesity www.CindyCohenRN.com
  22. 22. 2. Smoking Cessation Rewards Program Assessment Measurement ToolsIntervention-Educational Materials Reduced risk factors related to smoking www.CindyCohenRN.com
  23. 23. 3. Pursuit of preventative health care services Assessment Rewards ProgramIntervention-Educational Materials Measurement Tools Reduced risk factors related to all disease www.CindyCohenRN.com
  24. 24. 1. Employee appropriate weight loss Assessment Rewards ProgramIntervention-Educational Materials Measurement Tools 2. Smoking Cessation Assessment Rewards ProgramIntervention-Educational Materials Measurement Tools 3. Pursuit of preventative health care services Assessment Rewards ProgramIntervention-Educational Materials Measurement Tools Indiana Department of Health 2011 Ball State University www.CindyCohenRN.com
  25. 25. Contact information: Smoking cessationName of business - Contact name 1. AssessmentsAddress 2. Intervention - EducationalPhone number 3. Rewards ProgramEmail Address 4. Measurement ToolEmployee appropriate weight loss Pursuit of preventative health1. Assessments care services2. Intervention - Education 1. Assessments3. Rewards Program 2. Intervention - Educational4. Measurement Tool 3. Rewards Program 4. Measurement Tool Sample Wellness Plan Checklist (http://www.in.gov/isdh/files/Small_Employer_Application_Checklist_11.10.pdf) Indiana Department of Health 2011 www.CindyCohenRN.com
  26. 26. Employee appropriate weight lossAssessmentsBiometric data as part of our annual health screening including, height, weight, body fat, to measure weight gain/loss.Intervention – Educational MaterialsBrochures, presentations and pamphletsMonthly wellness newsletter including overview of the positive lifestyle changes and healthy eating choices.Employer paid weight loss program such as Weight Watchers, Lifesteps Weight Management, etc.Employer paid fitness program, gym membershipsRewards ProgramRewards are based on the success of achievement of personal health goalsRewards for participation/completion in wellness campaigns such as t-shirts, paid time off, gift cards etc.“Walking to Hawaii” Gym Shoes = 10,000 steps per month x 4 monthsMeasurement ToolComparative results using the annual aggregate report provided looking at employee biometric/laboratory measuresTestimonials from employees about steps taken toward weight loss Indiana Department of Health 2011 www.CindyCohenRN.com
  27. 27. Smoking CessationAssessmentsAnnual health risk assessment from in conjunction with our health screening that identifies employees who by self-reported methods.Intervention – Educational MaterialsBimonthly wellness newsletter including smoking cessationWellness brochures and smoking cessation materials and referral sourcesPay to attend a stop smoking class on or off worksiteRewards ProgramRewards are based on the success of achievement of personal health goalsRewards for smoking cessation class/coaching completion such as t-shirts, paid time off, gift cards etc.Discount on medical plan premium for quittingMeasurement ToolComparative results using the annual aggregate report provided looking at employee biometric/laboratory measures andself-reported smoking statusTestimonials from employees about their experiences Indiana Department of Health 2011 www.CindyCohenRN.com
  28. 28. Pursuit of preventative health care servicesAssessmentsAnnual health risk assessment in conjunction with our health screening that identifies employees that are ready tomake positive health behavior changes such as exercising, losing weight, and eating healthierReporting on about how many of your employees went in for routine preventative servicesBiometric Data/Laboratory Evaluation as part of the annual health screening including total cholesterol, HDL, LDL,cholesterol ratio, glucose, and triglycerides as well as height, weight and body fat that educates employees abouttheir levels before they reach an unhealthy levelIntervention – Educational MaterialsFlyers and brochures that are specific to certain health conditions and wellnessMonthly wellness newsletter including online resourcesFlu shots provided onsite at no cost in OctoberWellness hour every month for employees to use at their discretionTeam development for American Heart Association Walk/American Cancer Society Relay for LifeRewards ProgramRewards are based on the success of achievement of personal health goalsRewards for participation/completion in wellness campaigns such as t-shirts, paid time off, gift cards etc.“21 day challenge” … Eat 3 servings for fruits …. 7 servings of vegetables …. Drink 8 cups of waterMeasurement ToolComparative results using the annual aggregate report provided looking at employee biometric/laboratory measuresMedical claim data comparison -Participation rates in health campaigns and initiatives Indiana Department of Health 2011 www.CindyCohenRN.com
  29. 29. 3 1 2 Employee Pursuit of Smoking appropriate preventative cessation health care weight loss services Samples & Examples Assessment Intervention/Educational materials Rewards program Measurement tool Health risk Action steps, health Reduced health Participation rates,assessment, health coaching, pamphlets, insurance, paid behavior change , coaching, blood magazines newsletters, time off, gift cards, testimonials , employeepressure, body mass posters, access to health related satisfaction, index, cholesterol websites, prizes and/or gift aggregate data screenings certificates Indiana Department of Health 2011 Ball State University www.CindyCohenRN.com
  30. 30. - Commit to a worksite wellness program, seek the assistance of aqualified vendor. 1. Employee appropriate weight loss Assessment Rewards Program- Develop an outline of your wellness plan using the Educational Materials Measurement Toolsestablished criteria.-Notify vendor that you want to apply for the wellness tax credit. 2. Smoking Cessation Assessment Rewards Program- Submit your plan by email to Indiana Dept of Health via the online Educational Materials Measurement Toolsapplication process.-The applications are reviewed by a designated board to be approved 3. Pursuit of preventative health care servicesor deferred. The advisory board meets approximately 4 times a year. Assessment Rewards Program(January, April, July, October 2011) Educational Materials Measurement Tools-Once approved by the board, a certificate will be sent to the applyingbusiness. www.wellnesstaxcredit.in.gov-The certificate is to be submitted with tax preparation to the Indiana www.stateofwellness.org (webinar)Department of Revenue. Seek the assistance of your tax preparer.) Indiana Department of Health 2011 www.CindyCohenRN.com
  31. 31.  Identify your company’s wellness goals Get some help from a qualified wellness company to assist you with: 1. The development of your wellness plan 2. The application process for the Indiana Small Employer Tax Credit 3. Help you implement your wellness program 4. Assist you in continuous improvement with a focus a well workplace www.CindyCohenRN.com
  32. 32. www.GetHealthE4Life.comHealth-E 4 Life is a division of C2 Your Health LLC Cindy Cohen RN, Health Coach C2 Your Health LLC, Owner Cell phone 800-245-8917 CindyCohenRN@yahoo.com http://www.CindyCohenRN.com

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