Brazil Employee Benefit Trends Study 2018
Wellness: a big opportunity
Brazil's state health system was negatively affected by the 2016 recession. Since then through a combination of public policies and its Unified Health System, Brazil has significantly improved access to medical care for a majority of its population, but more can be done to eradicate health inequalities there.
The EBTS results confirm this idea. They show that a high proportion of employees in Brazil look to their employer to help maintain their wellness — and prevent them from having to access acute medical services. We found 92% of employees believe their company’s wellness program has had a positive health impact on them, whether or not they highly "valued" the specific options on offer.
Employees need wellness choice
The ideal approach to wellness could be a comprehensive program that helps employees all along the health spectrum — from education and awareness, to prevention and screening, to behavioral change and, as necessary, health intervention.
Our study found that employers and employees rank emotional conditions like stress and depression in their top five health concerns. This suggests a shift in focus to encompass more mental and preventive types of programs are warranted.
The case for wellness programs
Two important issues reported by employers are:
- Controlling escalating healthcare costs (two-thirds of employers are challenged by increasing costs at their companies)
- Building a healthy and productive workforce.
Nearly 45% of companies cite illness as a key reason for absenteeism (one-third more than lack of commitment) and across company sizes, almost every employer told us that managing health benefits costs was a top priority.
These challenges build a case for wellness. Employers that tackle the causes of illness can reduce absenteeism, offsetting the cost of their wellness initiatives.
Look beyond general stats: health can be personal
Benefits providers should be able to tailor data around claims with analytics that can help employers target their wellness activities. Relying solely on general market data can be misleading.
"How do you evaluate the main employee health and wellness concerns?"
© 2018 Metropolitan Life Insurance Company, New York, NY 10166 - All Rights Reserved. L0818508076[exp0819][All States]