Specialty Benefits Supports Mental Well-Being and Financial Security
Whether it’s new treatments, strategies for reducing stress and anxiety, or sadly, stories of what happens when mental health issues go untreated, poor mental health has reached a new level of mandatory social awareness.
When mental health disorders are overlooked or untreated, the individual isn’t the only one affected. Studies show it can reduce productivity in the workplace. According to the Anxiety and Depression Association of America:
- 72% of people who have daily stress and anxiety say it interferes with their lives at least moderately
- 56% of employees say stress and anxiety most often impacts their workplace performance
- 49% of work-related stress comes from dealing with issues that arise that employees can’t manage
Harvard Medical School says companies could save money by offering mental health services to employees who need it. Studies using the World Health Organization Health and Work Performance Questionnaire have found if depression is treated effectively, companies should see a reduction in the amount of sick days and turnover, and an increase in employee productivity and hours worked.
“The status of a member’s mental health can have a significant impact on physical and financial well-being and their quality of life,” says Rick Vaccarella, manager of Specialty Sales, Blue Cross. “That’s why it’s important for employers to keep their employees physically, financially and mentally healthy to maintain a safe and successful work environment.”
Specialty Benefits can help by offering products that work with your employees’ medical benefits to provide a complete benefit solution. For example, our long-term disability resource service helps them identify and proactively treat a mental health condition before it results in a disability claim. When claims are appropriate, our short-term and long-term disability plans work together to provide financial assistance when needed.
Learn more about how our specialty coverage can help maintain your employees’ mental well-being and financial security by visiting our Specialty Benefits page and reading these other blogs:
- What are Specialty Benefits?
- Offer Benefits Your Employees Really Want
- Specialty Benefits Provide Financial Security
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