Skip to main content

How Employers Can Address Social Determinants of Health

Social Determinants of Health

Expanding access to the healthcare system has traditionally been a key strategy to improve health outcomes. But we’ve recently seen a growing emphasis on a more holistic approach focusing on social factors that impact an individual’s health, well-being and quality of life. These factors, such as income, access to food, safe housing, education and job opportunities, are known as social determinants of health.

Employers may be unaware of how social determinants of health impact employees. Understanding the broader barriers to health and well-being can help employers identify the social factors that may be impacting their workforce. This knowledge enables employers to more effectively and holistically improve employee health outcomes by offering benefits that best align with their employees’ needs and wants.

Not only could this improve their employees’ health outcomes, but it may lead to a more productive and loyal workforce and lower overall healthcare expenses.

Read our full Benefits Insights to learn more about how social determinants of health impact employees and how some employers are addressing it.

For more information about employee benefits, our services and products, contact HANYS Benefit Services by email or call 800.388.1963.

Popular posts from this blog

What is Risk Management? 4 Key Topics to Know

Understanding risk management in retirement programs  Managing a retirement program is complex, with multiple layers of risk. For organizations and their leadership, understanding and mitigating these risks is crucial to ensuring the long-term success and reliability of these programs.   It often leaves human resource professionals, employers and program administrators questioning, "What is risk management, and how can we excel at it?"  This blog post explores the various aspects of risk management in retirement program administration and provides actionable insights to help organizations better manage these risks.  The importance of risk management  Retirement programs are designed to benefit participants and beneficiaries, but they come with their own set of risks. These risks can be broadly categorized into four main topics:  Fees  Administration  Investments  Cybersecurity  Each of these topics requires meticulous attention and ...
Read more

Innovative employee retention strategies: 9 fresh ideas

Employee engagement and retention are pivotal in every sector, but they carry even more weight in the not-for-profit space, where resources are often limited. High turnover can be both costly and disruptive, impacting productivity and damaging morale. In an era of workforce evolution, to effectively retain their top talent, organizations must explore innovative employee retention strategies that go beyond conventional methods.  Engaged employees are distinguished by their higher productivity, motivation and loyalty, and they are more likely to stay with a company for the long term. Gallup recently updated its research article, The Benefits of Employee Engagement , finding that "low engagement teams typically endure turnover rates that are 18% to 43% higher than highly engaged teams."  In addition to turnover, disengaged employees negatively impact a company's financial health, with turnover costs averaging six to nine months of the departed employee's salary, accordin...
Read more

Executive disability income protection program: C-suite FAQ

Implementing a comprehensive risk management strategy is imperative for C-level executives and senior management at HANYS member hospitals. One critical, but often overlooked component, is the executive disability income protection program. But what exactly is this program and why is it vital for high-income earners?   With increasing interest in executive disability income protection programs from C-suite executives, TruePlan Benefit and Retirement Advisors interviewed Bernard A. Gleeson, Director, Employee Benefit Services on Executive disability income protection programs FAQs.  What is an executive disability income protection program?  An executive disability income protection program (EDIPP) is a specialized form of disability insurance designed to supplement existing group disability plans offered by employers. These individual plans provide additional coverage beyond the typical monthly maximum benefit cap found in traditional employer-based offerings. By ove...
Read more