2021 ACA Reporting Update
These changes specifically impact the Form 1095-B & Form 1095-C distribution deadline and good faith transition relief. Be sure to listen in to the important information shared in this podcast.
Benefits @ Work: Suicide Prevention & Education
enAugust 31, 2020
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About this Episode
Understanding Suicide & Mental Health
Having a mental illness issue does not guarantee you will be suicidal. However, depending on the illness, it can make positive thinking much harder. The CDC describes mental illness as “conditions that affect a person’s thinking, feeling, mood or behavior.” Common types of mental illness include depression, anxiety and personality disorders.
By current estimates, about 1 in 5 Americans are living with a mental illness. This dispels the idea that mental health is something that can be willed away. Chances are that you personally know someone with a mental illness or at least work with an individual who has one. It’s important that you take meaningful steps to help people with these conditions, not just pretend they do not exist. In fact, inaction is a large part of the problem.
What Employers Can Do
Companies cannot expect employees with mental illnesses to simply “snap out of it” or wipe away thoughts of self-harm. Employers need to acknowledge that mental illness comes in many forms and that it probably affects more of their employees than they know. This is why employer-sponsored assistance programs are so important.
Employers should foster a safe environment that encourages employees to speak up if they’re feeling overwhelmed by work, as this is a significant stressor for depression and other mental illnesses. Beyond reassessing company culture, organizations can offer referrals or access to mental health professionals through their employee assistance program. One of the most effective ways to reduce suicide is by being there for someone in need. With this in mind, consider empathy training for managers so they can recognize the warning signs of severe depression and can address them with the individual.
Resources For Employers
This section includes resources that you are encouraged to share with employees. Anyone can access this information, but, as an employer, you have the opportunity to proactively share these links with employees. Take a look at the information and consider sending an email or hosting a meeting to discuss this serious topic.
The CDC offers a number of resources aimed at addressing and preventing suicide resulting from mental illness. Below are some of their most robust resources:
- “Preventing Suicide: A Technical Package of Policy, Programs, and Practices” (www.cdc.gov/violenceprevention/pdf/suicideTechnicalPackage.pdf)
- Important information about suicide in the U.S. (www.cdc.gov/vitalsigns/suicide)
The Depression and Bipolar Support Alliance offers services, training and education on depression and bipolar disorder. Learn more about these services on their website, www.dbsalliance.org.
The National Suicide Prevention Lifeline is another organization committed to suicide prevention. They created the “Be The 1 To” campaign to educate people about helping those who suffer suicidal thoughts. Their website (www.bethe1to.com) provides more information about how to help.
The group also offers a free, 24/7 phone and chat service for those experiencing suicidal thoughts or advocates who need resources to help a loved one. The calls are confidential and are well-regarded as helping the individuals who call. Here is their contact information:
- Website: www.suicidepreventionlifeline.org
- Telephone: 1-800-273-8255
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Benefits @ Work: Get More From Your PTO Benefit with PTO Exchange
This gives companies an enticing benefit that uniquely serves every employee in the organization. And it all works within the system you have in place today.
It’s savvy to reduce PTO balance sheet liabilities while enhancing talent recruiting and retention. In simple terms, it pays off for both HR and Finance. Both will appreciate the returns for enhancing PTO benefits and reducing corporate liability.
To learn more, please contact Lipscomb & Pitts Insurance's Director of Client Engagement, Betsy Kamler at betsyk@lpinsurance.com or 901-321-1000.