With health insurance reforms instituted by the Affordable Care Act (ACA), employers have expressed concern over healthcare costs. In fact, a 2016 AFLAC poll found that 42% of employers were most concerned with the rising cost of employee benefits plans versus other costs. While the positive news is that the growth of healthcare costs is Read more…
Category: Benefits Strategy
;Best practices and insights about how to design and run your company’s wellness benefits program.
Benefits Strategy
Gym Reimbursement Programs: The Top Mistakes
Workplace wellness employee benefit programs are in place in a growing number of companies (companies like Google are actually setting the standard for a world-class employee benefit program), and one of the most common is the Gym Reimbursement Program, or Fitness Subsidies. The idea is great, in theory: companies provide employees with a discount or Read more…
Benefits Strategy
Saving Money on Bulk Purchasing Workout Trackers
Buying health bands in bulk for your employees can be expensive. Many employees already have a favorite wearable technology fitness tracker, and won’t use a different one. Additionally, employees may find it hard to start using one if they haven’t before. Fortunately you can follow a few rules to make providing fitness trackers an affordable Read more…
Benefits Strategy
Create a Tax Free Wellness Program
Wellness programs provide great ways to motivate employees to get active. Usually, they involve reimbursing an employee for their fitness membership costs, or providing them monetary wellness incentive rewards for exercising. But when setting up a program like this, you might wonder what the tax costs will be. Will you have to count this reimbursement Read more…
Benefits Strategy
Tips to Retain Employees
Finding the right employees can be tough, but keeping them can be an even larger struggle. That’s why investing in employee experience is extremely important in today’s day and age. In a 2012 study conducted by the Kelly Global Workforce Index, 66% of employees intend to search for a job with another organization by the Read more…