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Benefits Strategy Archives - Page 18 of 20 - IncentFit
Benefits Strategy

Fitness Subsidies: Gym Reimbursement vs Fitness Rewards

Fitness subsidies, gym reimbursements and fitness rewards are some of the most desired and effective components of a worthwhile corporate wellness employee benefit program, as they lead to more engaged employees. In fact, 86% of mid-large sized employers offer some sort of wellness financial rewards in order to remain competitive in the labor market. On Read more…

Benefits Strategy

Wellness Benefits Without Administrative Burden

If you’re an HR administrator you’re probably familiar with paperwork. And usually, wellness employee benefits, and employee benefit program administration requires a lot of paperwork due to the incentive management process. In fact, this can be a major deterrent of implementing any new program. So if your company wants to run a step challenge or Read more…

Benefits Strategy

Are Wellness Program Incentives Taxable?

The benefits of workplace wellness programs are endless. Not only is it useful for attracting top talent, but healthier employees inevitably lead to “lower medical claims costs, which leads to lower medical premiums, which leads to a better profit margin.” To boost engagement, most employers offer some sort of incentive to employees for participation. However, Read more…

Benefits Strategy

Why WageWorks May not Work for You

The number one rule of employee benefits administration is that no program should be one-size fits all. What is a one-size fits all solution? The best example is any basic reimbursement program. Gym reimbursement programs typically require employees to submit receipts for gym memberships, and then reimburse them through their wages. But this option doesn’t Read more…

Benefits Strategy

The PHIT Act: A Bill that Could Improve Employee Health

One tenant of healthcare wisdom is that healthcare should focus on preventative care, versus treating people for illness later. Another bill championing this approach is the PHIT Act, or the Personal Health Investment Today Act. The PHIT act is supported by both Democrats and Republicans, and would create a pre-tax benefit account for people. This account Read more…