Best practices and insights about how to design and run your company’s wellness benefits program.
Is PTO considered a benefit? Absolutely! Paid time off (PTO) is one of the most valuable yet underutilized wellness benefits that companies can offer. While many employers invest in wellness programs to boost engagement and retention, the costs of implementing incentives like gym memberships, wellness stipends, or bonuses can add up quickly. The benefits of Read more…
Understanding the tax implications of wellness program incentives is crucial for employers aiming to maintain compliance and optimize the benefits of such programs for employers. Not all wellness incentives are tax-free; some may be considered taxable income to employees, leading to potential compliance issues if not properly managed. This blog provides an overview of taxable Read more…
Did you know that preventive care can reduce emergency room visits by up to 25%? Preventive health incentives are transforming the way organizations approach wellness, offering a clear path to reducing healthcare costs while improving employee engagement. By investing in proactive care and meaningful incentives, businesses can reap measurable benefits in ROI, employee satisfaction, and Read more…
Providing employees with benefits that address their healthcare needs is an essential component of a successful workplace wellness strategy. When comparing HSA vs FSA, Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) emerge as two popular options that offer tax advantages and help employees better manage healthcare costs. But how should businesses decide which Read more…
Wellness programs have become a cornerstone of employee benefits, offering perks ranging from gym memberships to mental health support. However, companies often face a critical decision: should they offer direct benefits, or opt for a reimbursement model that allows employees to claim back their wellness-related expenses? Understanding what employees value more can help employers design Read more…
