NEW YORK, Oct. 16, 2007 (PRIME NEWSWIRE) -- Preventive health innovator Wellfolio has launched its "Good Health Pays or It's Free Guarantee" for employers, which guarantees that employers using Wellfolio for two consecutive years will see their group health plan costs rise at less than half the rate of other comparable companies in their region. If Wellfolio fails to deliver on this health cost control guarantee, employers will receive an additional year of Wellfolio entirely fee-free.
Preventable health risks result in conditions representing 50-70% of our nation's health costs and employers are bearing the brunt of this burden. In a survey, when asked how long companies can continue to grow their businesses to cover expected increases in health care insurance premiums, 52% say five years or less. The Wellfolio guarantee is critically needed to help employers start getting proactive about managing the health and health costs of their employees today in a relatively risk free way.
"There is over fifteen years of data -- involving tens of thousands of participants -- that show that a well designed wellness and health management program can reduce employer health cost growth and improve productivity," said CEO Irfan Kamal. "Every company that offers group health insurance should provide a comprehensive health management program -- it's quite simply the best way to tackle rising health costs and retain employees. To spur adoption, we're introducing an industry leading guarantee. Employers want to make sure that their money is well spent. We understand that and have enough confidence in our program to share the risk with employers and back up our claims with real money."
Additional details and terms of the "Wellfolio Success Guarantee" for employers can be found at www.wellfolio.com/guarantee.html.
About Wellfolio
Wellfolio is a new, innovative preventive health product to help businesses and individuals get proactive about improving health and controlling health care costs. Our market-leading technology uses a combination of motivation, support, and fun to help lower health risk in the areas of nutrition, weight, stress, and fitness. Wellfolio recognizes that participation/engagement is the number one success factor for a wellness program and, with that in mind, has developed innovative features that broaden the network of people who can motivate and support individuals to get healthier to include the employer, peers, friends, family members, athletes, celebrities, etc. Through this, we expect to drive higher success rates than anything else in the employee wellness space. Organizations using Wellfolio can expect to see a significant reduction in health risk over three years at a projected net cost of zero. Learn more at www.wellfolio.com.