We’re excited to announce Pinnacol’s Health Risk Calculator, a new online educational tool designed to help policyholders understand the connection between the health of their employees and their workers’ compensation costs. Part of our increased focus on overall health and wellness, it’s intended to illustrate the value of participating in our free worksite wellness program and accessing our safety resources.
The calculator was developed in partnership with the Colorado School of Public Health, using data collected during studies of Pinnacol’s free worksite wellness program for policyholders between 2010 and 2014.
How it works
The Health Risk Calculator analyzes information entered into the calculator against industry data to estimate workers’ compensation costs. Policyholders can access the calculator on Pinnacol’s Policyholder Portal.
• Policyholders estimate the health status of their workforce in 10 key areas: diabetes, arthritis, heart disease, poor sleep, stress at work, migraines, depression, high cholesterol, tobacco use and abnormal BMI (body mass index).
• To see the benefit of improving employee health, policyholders can adjust the entered values for each health risk, and the associated workers’ compensation costs will adjust in real time.
• Based on the information entered, the calculator will generate a summary of the expected number of claims and their costs in the coming year, along with an industry comparison.
• The results represent the average workers’ compensation claim costs that a business with similar characteristics may have in the next year.
How you can help your customers
Share the attached sales flyer with your customers.
Promote and direct policyholders to the calculator on Pinnacol’s Policyholder Portal.
Note, to gain access to the Policyholder Portal, new and current customers must register. They will need:
o Policy number
o Federal Tax ID Number (FEIN) or Social Security Number (SSN)
o Next Renewal Date (For example, if your current policy period is 6/1/2016, your next renewal date will likely be 6/1/2017)
If you have any questions, please contact your Pinnacol agency relationship manager.
Thank you for your continued partnership with Pinnacol, and for supporting our initiatives to find new and innovative ways to serve and bring enhanced value to our policyholders.