The other benefit of Health Savings Accounts is they are more affordable for small businesses than traditional accounts, enabling employers who could not afford health coverage for their workers to begin. A US Treasury analysis found that 33% of businesses who using these types of accounts previously did not offer health care coverage for their workers. 31% if the employees now covered had no health insurance coverage before.Golden Rule Insurance Co. enrolled 90 percent of its 1,300 employees the first year, cutting health care costs 40 percent. Preventive care increased 20 percent.
Coupled with a wellness program like that offered by ConAgra Foods for example, where the employer offers free health screenings for blood pressure and diabetes businesses can expect a return on investment of three to five times by reducing costs for sick leave, disability, hospitalizations as well as increased productivity and enhanced recruitment.