The business costs of illness go beyond your spend for health benefits. Avoidable absences and impaired job performance also impact the bottom-line.
Understanding the full costs of illness is the first step towards knowing the value of a healthy, high-performing workforce.
IBI’s Full Cost Estimator (FCE) can help.
The FCE models all the major components of illness-related business costs in a single online tool, including absence, disability, presenteeism and opportunity costs. The model uses millions of disability claims in IBI’s Benchmarking data, survey responses from the Health and Productivity Questionnaire (HPQ), and nationally-representative data from the CDC and BLS.
How Does It Work?
Begin by selecting an industry and providing a headcount. That’s all the information the tool needs to generate a model based on industry averages. You can then refine the model based on your company’s own benefits policies.
Versions of the FCE are available for free to all IBI members.
What Does FCE Do?
Users can generate estimates of healthcare, absence, disability, WC, FMLA, presenteeism and opportunity costs based on their headcount and industry. Adding information about compensation, benefits eligibility, and wage replacement policies will produce findings targeted towards specific companies.
A portion of the FCE is available for free to all IBI members.
Ready to get started?
|REPORT||WHAT IT ESTIMATES||HOW TO USE IT||REPORTED OUTCOMES||COST|
||Employer and affiliate members: Summary results (costs and lost work time)
Associate members: Summary results + total costs and lost work time by program
Stakeholder and Charter members: Summary results + total costs and lost work time by program + detailed results for each program
|Free to IBI members according to their level of membership
Full results available to Employer, Affiliate and Associate members for $500 per report
The Full Cost Estimator Tool
You must be logged in to run the FCE Reports.