Why Investing in Workplace Wellness Matters

When employees are healthy and supported, businesses perform better. Yet, many companies overlook how workplace wellness is directly tied to their success. The Affordable Care Act (ACA) and the Mental Health Parity and Addiction Equity Act (MHPAEA) set clear standards that can help businesses prioritize employee well-being while benefiting financially.

The ACA and Mental Health Parity

The ACA requires health insurance plans to include mental health and substance use disorder (MH/SUD) services as one of the ten essential health benefits. For businesses classified as Applicable Large Employers (ALEs) – those with 50 or more full-time employees – providing affordable health insurance that meets these standards is mandatory. Failing to comply can lead to penalties of up to $4,350 per employee in 2025 for inadequate or unaffordable coverage.

Smaller businesses with fewer than 50 full-time employees are not required to provide coverage but can still benefit significantly by offering comprehensive health plans.

Large or small, companies that offer mental health support show their dedication to creating a caring workplace culture, which strengthens employee loyalty and enhances overall productivity.

Simplifying Compliance and Boosting Benefits

Dr Fitness International LLC's strategic alliance with EHP helps businesses easily meet compliance requirements without additional costs to employers or employees. By leveraging ACA tax codes, companies can offer essential mental health coverage while enjoying substantial tax savings and reduced workers' compensation expenses.

Batista Gremaud December 21, 2024