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Savings Reinvested in Wellness Initiatives

Improving employee engagement and satisfaction by transforming cost savings to fund new wellness programmes

Problem

  • Medical premiums are rising at double-digit rates annually

  • Their rich plan design encourages high utilisation without cost awareness

Banking

Industry

1,300

Employees

US$4M

Premiums

Solution

  • Introduced a flexible insurance module allowing employees to downgrade plans in exchange for credits

  • Strengthened employee communication and engagement around responsible benefits utilisation

  • Embedded gamification elements to boost participation in wellness initiatives

Impact

  • Achieved US$600K in savings, offsetting premium increases and funding new wellness programmes

  • Enhanced benefits engagement

  • 15% improvement in employee survey scores

US$600K

Savings

15%

Increase in employee satisfaction scores

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