Employee Preventative Health: Promotes a healthier workforce.
Productivity Boost: Increases overall employee productivity.
Talent Attraction: Improves employee recruitment efforts.
Reduced Absenteeism: Lowers rates of sick leave usage.
Tax Savings: Decreases your employer payroll tax liability.
What is the Sanguine Preventative Health Program?
The Sanguine Preventative Health Program was developed pursuant to the Preventative Health Provisions of the Affordable Care Act and is designed to encourage businesses to invest in their employees' health and well-being. By offering a tax reduction for workplace wellness programs, Sanguine enables employers to enhance productivity, attract quality talent, and ultimately reduce costs through tax savings. Employers save an average of $650 annually per employee.
Employer Benefits
Employee Health
Healthy employees lead to higher company profits. Our program helps improve employee health and productivity, which translates to better business outcomes.
Employee Satisfaction
Employers can enjoy significant reductions in payroll tax liabilities, improving overall financial health.
Cost Savings
A comprehensive wellness program leads to a happier, more satisfied, and engaged workforce.
Employee Benefits
Work-Life Balance
Access initiatives aimed at improving work-life balance, stress management, and healthier interpersonal relationships. Enjoy resources such as health assessments, personalized coaching, and wellness portals.
Life Insurance
Receive a guaranteed issue life insurance policy of up to $150,000 that builds cash value. No exams or blood tests required. The policy is portable and can be used to pay for medical expenses.
Telemedicine
Tax-Free Reimbursements and Copay-Free Telemedicine: Benefit from tax-free reimbursements for qualified medical expenses and copay-free telemedicine services, reducing out-of-pocket healthcare costs.
Calculate Your Savings
Enter some basic information to calculate your annual tax savings.
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A comprehensive preventative health program leads to a happier, more satisfied, and engaged workforce.
Reduction in Absenteeism
Employee preventative health programs can lead to significant reductions in absenteeism.
Increase in Employee Productivity
Preventative health programs are linked to increased employee productivity.
Reduction in Healthcare Expenditures
Preventative Health programs can substantially reduce both employer and employee healthcare costs.
Improvement in Recruitment/Retention
Companies with preventative health programs are more attractive to potential employees, enhancing recruitment efforts.
Increase in Revenue
Preventative health programs can have a direct impact on company revenue.
Financial
A comprehensive financial preventative health program can include education about budgeting, savings, debt repayment options, retirement planning, and other topics to help employees understand and manage their finances. Having a financial wellness program in place is not only beneficial for employees but also for employers—it provides an opportunity to show employees that they are valued and supported, leading to greater morale and productivity.
- The average return-on-investment (ROI) for employee wellness programs is six-to-one. (Zippia, 2023)
- For every dollar spent on corporate wellness programs, companies can expect an average return of $3.27 in lower healthcare costs. (Gitnux, 2024)
- 73% of financially stressed employees are drawn to employers that prioritize their financial well-being. (PwC, 2023)
- The annual cost of voluntary turnover due to burnout is 15% to 20% of payroll budgets. That means employee well-being amounts to hundreds of millions of dollars each year. (Workhuman, 2024)
Productivity
- Fifty-six percent of employees had fewer sick days because of wellness programs. (Zippia, 2023)
- Companies with wellness programs report a 20% increase in employee productivity. (Gitnux, 2024)
- Employees lose an average of seven hours of productivity weekly due to financial stress, costing employers $183 billion annually. (BrightPlan, 2024)
- Stress and anxiety negatively impact 56% of employee workplace performance. (ADAA, 2021)
Employee Engagement
Employee engagement is a powerful tool that can be used to boost morale and create an environment of overall well-being. When employees feel engaged, they are more likely to be productive, creative, and motivated. Additionally, when employees understand the importance of their role and how it contributes to the overall success of their organization, they are more likely to remain loyal and motivated.
- Eighty-nine percent of employees with wellness programs are more engaged and happier with their job. (Zippia, 2023)
- Eighty-nine percent of HR professionals agree that regular feedback, check-ins, and recognition are key drivers of employee engagement. (Zippia, 2023)
- About one-third (32%) of employees are engaged in their work and workplace. (Gallup, 2024)
Employee Fatigue
- 52% of employees have experienced job-related burnout in the past year, and 37% reported feeling so overwhelmed that it hindered their job performance. (NAMI, 2024)
- 91% of employees are stressed about their finances, driven by inflation, high cost of living, higher interest rates, a potential recession, and market volatility. (BrightPlan, 2024)
- 70% of US workers say they would change jobs for better benefits. (The Economist, 2024)
- 90% of employees report less burnout when their employer uses a recognition-based wellness program. In fact, they’re also up to twice as likely to have a positive outlook on their lives and future. (Workhuman, 2024)
- Employees who receive the right recognition at work are up to 50% less likely to report being burned out always or very often. (Workhuman, 2024)
Companies Taking Action
- 91% of companies plan to invest more in mental health solutions in 2024. (Wellable, 2024)
- 66% of employers plan to invest more in stress management and resilience programs in 2024. (Wellable, 2024)
- 11% of businesses now offer childcare, up from just 5.5% pre-pandemic. (The Wall Street Journal, 2023).
- 80% of companies that gauge employee happiness are more likely to have employees stay for another year. Surprisingly, only half of businesses actively measure worker satisfaction. (Indeed, 2022)
- 44% of companies plan to invest more in employee wellness benefits in 2024, 51% anticipate the same level of investment, and only 4% expect a decrease in investment. (Wellable, 2024)
- 64% of employers are influenced by the desire to create benefits plans that will set them apart from competition. (Wellable, 2024)
The Sanguine Preventative Health Program complies with all relevant federal laws and IRS regulations, including sections 105, 213(d), and 125 of the Internal Revenue Code. Reviewed by ERISA attorneys, we provide ongoing legal support to ensure compliance.