Benefits Strategy

What to Look for in a Wellness Program

Selecting the right wellness vendors is one of the most important decisions HR leaders make. The right partner can boost employee engagement, improve well-being, and create measurable ROI. The wrong choice? Low participation, wasted spend, and frustrated employees. The challenge is that today’s marketplace is crowded with health and wellness companies offering everything from mindfulness Read more…

Benefits Strategy

The Benefits of Paid Time Off as a Wellness Incentive

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…

Benefits Strategy

Understanding the Taxability of Wellness Program Incentives

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…

Benefits Strategy

The Cost-Benefit of Preventive Health Incentives

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…

Benefits Strategy

Choosing FSA vs HSA For Your Organization

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…