Say you visit your doctor for an annual check-up, or you head to urgent care for a neck strain. Every time you visit your doctor, hospital, urgent care, or other healthcare provider, you’ll receive an “Explanation of Benefits” in the mail. But don’t grab your check or credit card yet — this Explanation of Benefits (EOB) is not a bill.
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In a survey by the Society for Human Resource Management, about three-fourths of HR professionals reported that their organizations offered wellness incentives in 2014. Of this number, about two-thirds reported that their wellness program was “somewhat effective” or “very effective” in reducing healthcare costs. So, wellness programs reduce business costs. But how do you, a small business owner, determine how