How can USI help our organization improve our plan participants' mental, physical, and financial wellbeing?
USI’s Mind Body Money strategy encourages members to make positive behavioral changes with the assistance of employer support.
USI's Mind Body Money strategy incentivizes plan members to engage with a PCP for an annual physical and behavioral health screening to identify undiagnosed or unmanaged conditions. Plan members must also complete a financial health assessment to determine the level of financial education and resources needed.
We’ve estimated the financial impact for you. Feel free to update the assumptions.
- Increased early detection of high-cost claimants, improving health outcomes and reducing costs
- Reduction in non-urgent ER visits and in-patient hospital stays contributes to employer savings of 3% to 5%
- Reduction in co-morbidity expenses associated with behavioral and physical health
Today’s workforce has many stresses that impact both their over wellbeing and, consequently, the costs incurred by their employer. Twenty-one percent of U.S. adults have a behavioral health symptom, but many have not sought diagnosis or treatment. Less than 30% of the population have an annual visit with their primary care physician, and 57% report finances as their top source of stress.
USI has evaluated financial wellness vendors that offer educational resourses and access to certified financial planners (CFPs) to assist employers in selecting a vendor that meets their members' needs. To receive the incentive, plan members must complete a financial health assessment to identify opportunities for education and guidance.
Employee benefit plans have typically not been designed to encourage early diagnosis of behavioral health concerns. Many employers only offer limited behavioral health services focused on in-person therapy when members reach a critical stage. USI’s Mind Body Money solution promotes early diagnosis and recommends vendors to treat behavioral health issues, improve provider access, and create lower-cost digital solutions.
I’d like to explore further how USI can help our organization improve our plan participants' mental, physical, and financial wellbeing.
We can set up a meeting with your local Population Health Management consultant to discuss the needs of your employees and how Mind Body Money may address those needs.