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

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Health-E 4 Life is a division of C2 Your Health LLC www.CindyCohenRN.com

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

Page 1: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

Health-E 4 Life is a division of C2 Your Health LLC

www.CindyCohenRN.com

Page 2: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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Page 3: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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? We've 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.”

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Page 4: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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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

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Page 7: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

On average your doctor writes you

12 prescriptions per year. It may seem like a lot however when you factor in antibiotics, high

blood 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

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Page 8: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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

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Page 9: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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$$ = ??

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Page 10: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

4 doctor visits/year $174 = $696

12 Rx/year

$54.34 = $652

36 OTC Meds/year

$30 = $1,080

8 Missed days of work

Wage$$ = ??

$2,428 per year

You’ve saved or spent not

counting your wages

Center for Disease Control 2008www.CindyCohenRN.com

Saving on your medical bills is like having a part-time job!

Page 11: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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Page 12: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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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 Businesshttp://www.incontext.indiana.edu/2010/mar-pr/article2.asp

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Page 14: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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For every $1.00 spent on each employee the return on investment is high however very

few employees were impacted

Program ROI EmployeePopulation

Disease management

$7 – 10.00 10 – 15%

Disability management

$7 – 10.00 10 -15%

Medical Costmanagement

$2 – 3.00 5 – 7%

Wellness Council of America 2010

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Page 17: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

For every $1.00 spent on each employee the

return on investment is:

Wellness Council of America 2010

Program ROI EmployeePopulation

Wellness $3 – 24.00* 100%

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* ROI depends your wellness interventions & the aggressiveness of your wellness program

Page 18: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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Page 19: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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

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Page 20: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

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 loss

2. Smoking cessation; and

3. Pursuit of preventative health care services

Each of the above components must include the following:

i. Assessments

ii. Intervention-Educational Materials

iii. Rewards Program

iv. Measurement Tool

Sample Wellness Plan Outline (http://www.in.gov/isdh/files/WellnessPlanOutline2.pdf)

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Page 21: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

1. Employee appropriate weight loss

Assessment

Intervention-Educational Materials

Rewards Program

Measurement Tools

Reduced risk

factors related to

obesity

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Page 22: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

2. Smoking Cessation

Rewards Program

Measurement ToolsAssessment

Intervention-Educational Materials

Reduced risk

factors related to

smoking

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Page 23: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

3. Pursuit of preventative health care services

Assessment

Intervention-Educational Materials

Rewards Program

Measurement Tools

Reduced risk

factors related to

all disease

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3. Pursuit of preventative health care services

Assessment

Intervention-Educational Materials

Rewards Program

Measurement Tools

2. Smoking CessationAssessment

Intervention-Educational Materials

Rewards Program

Measurement Tools

1. Employee appropriate weight loss

Assessment

Intervention-Educational Materials

Rewards Program

Measurement Tools

Indiana Department of Health 2011

Ball State University

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Contact information:

Name of business - Contact name

Address

Phone number

Email Address

Employee appropriate weight loss

1. Assessments

2. Intervention - Education

3. Rewards Program

4. Measurement Tool

Smoking cessation

1. Assessments

2. Intervention - Educational

3. Rewards Program

4. Measurement Tool

Pursuit of preventative health

care services

1. Assessments

2. Intervention - Educational

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

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Employee appropriate weight loss

AssessmentsBiometric data as part of our annual health screening including, height, weight, body fat, to measure weight gain/loss.

Intervention – Educational MaterialsBrochures, presentations and pamphlets

Monthly wellness newsletter including overview of the positive lifestyle changes and healthy eating choices.

Employer paid weight loss program such as Weight Watchers, Lifestep's Weight Management, etc.

Employer paid fitness program, gym memberships

Rewards ProgramRewards are based on the success of achievement of personal health goals

Rewards 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 months

Measurement ToolComparative results using the annual aggregate report provided looking at employee biometric/laboratory measures

Testimonials from employees about steps taken toward weight loss

Indiana Department of Health 2011

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Smoking Cessation

AssessmentsAnnual 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 cessation

Wellness brochures and smoking cessation materials and referral sources

Pay to attend a stop smoking class on or off worksite

Rewards ProgramRewards are based on the success of achievement of personal health goals

Rewards for smoking cessation class/coaching completion such as t-shirts, paid time off, gift cards etc.

Discount on medical plan premium for quitting

Measurement ToolComparative results using the annual aggregate report provided looking at employee biometric/laboratory measures and

self-reported smoking status

Testimonials from employees about their experiences

Indiana Department of Health 2011

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Pursuit of preventative health care services

AssessmentsAnnual health risk assessment in conjunction with our health screening that identifies employees that are ready to

make positive health behavior changes such as exercising, losing weight, and eating healthier

Reporting on about how many of your employees went in for routine preventative services

Biometric 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 about

their levels before they reach an unhealthy level

Intervention – Educational MaterialsFlyers and brochures that are specific to certain health conditions and wellness

Monthly wellness newsletter including online resources

Flu shots provided onsite at no cost in October

Wellness hour every month for employees to use at their discretion

Team development for American Heart Association Walk/American Cancer Society Relay for Life

Rewards ProgramRewards are based on the success of achievement of personal health goals

Rewards 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 water

Measurement ToolComparative results using the annual aggregate report provided looking at employee biometric/laboratory measures

Medical claim data comparison -Participation rates in health campaigns and initiatives

Indiana Department of Health 2011

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Page 29: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

Assessment Intervention/Educational materials Rewards program Measurement tool

Pursuit of preventative health care

services

Employee appropriate

weight loss

Smoking

cessation

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Samples & Examples

Action steps, health

coaching, pamphlets,

magazines newsletters,

posters, access to

websites,

Health risk

assessment, health

coaching, blood

pressure, body mass

index, cholesterol

screenings

Reduced health

insurance, paid

time off, gift cards,

health related

prizes and/or gift

certificates

Participation rates,

behavior change ,

testimonials , employee

satisfaction,

aggregate data

Indiana Department of Health 2011

Ball State University

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Page 30: Indiana wellness tax credit   worksite wellness - c2 your health llc - cindy cohen rn

- Commit to a worksite wellness program, seek the assistance of a qualified vendor.

- Develop an outline of your wellness plan using the established criteria.

-Notify vendor that you want to apply for the wellness tax credit.

- Submit your plan by email to Indiana Dept of Health via the online application process.

-The applications are reviewed by a designated board to be approved or deferred. The advisory board meets approximately 4 times a year. (January, April, July, October 2011)

-Once approved by the board, a certificate will be sent to the applying business.

-The certificate is to be submitted with tax preparation to the Indiana Department of Revenue. Seek the assistance of your tax preparer.)

3. Pursuit of preventative health care services

Assessment

Educational Materials

Rewards Program

Measurement Tools

2. Smoking Cessation

Assessment

Educational Materials

Rewards Program

Measurement Tools

1. Employee appropriate weight loss

Assessment

Educational Materials

Rewards Program

Measurement Tools

www.wellnesstaxcredit.in.govwww.stateofwellness.org (webinar)

Indiana Department of Health 2011

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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

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Health-E 4 Life is a division of C2 Your Health LLC

www.GetHealthE4Life.com

Cindy Cohen RN, Health Coach

C2 Your Health LLC, Owner

Cell phone 800-245-8917

[email protected]

http://www.CindyCohenRN.com