Benefits Strategy

How to Incorporate Wellness Prizes in Your Employee Wellness Program

Imagine a scenario where you’ve implemented a comprehensive employee wellness program in your organization. From valuable resources,  mental health workshops, and exciting challenges to fitness classes, your wellness committee has ensured it included every element of an ideal wellness program essential for employee well-being and a vibrant work environment.  However, despite your invested time and Read more…

Benefits Strategy

How Corporate Health Insurance Works and How to Choose the Right Plan

Are you an employer looking to provide comprehensive health coverage as part of your corporate wellness program? Or are you an employee looking to learn more about the benefits provided under corporate health insurance plans?  Health insurance coverage has become particularly essential to American workers and their families. In 2021, American healthcare spending increased by Read more…

Benefits Strategy

What Is a Health Reimbursement Account (HRA) and Should Your Company Offer One?

In today’s uncertain economic landscape, employee benefits have become an essential part of compensation packages. A good benefits package can set an organization apart from others when trying to attract and retain top talent. Health and wellness benefits are exceptionally common offerings as companies understand the value of fostering a healthy and thriving workplace. Alongside Read more…

Benefits Strategy

What is a Health Savings Account (HSA) and How Does It Work?

Are you interested in using pre-tax dollars to cover your healthcare expenses? If so, a Health Savings Account could be the answer. A Health Savings Account is a type of employee benefit that helps you save money on eligible health care expenses. It is commonly offered as an employee fringe benefit. When used effectively, this Read more…

Benefits Strategy

What is a Flexible Spending Account (FSA) and How to Make the Most of It

In 1978, an unlikely combination of tax reform legislation and a desire to save on medical costs gave rise to the Flexible Spending Account (FSA), a key employee fringe benefit still commonly used today. For most individuals with employer-funded health plans, a flexible spending account is a flexible spending arrangement where employees enjoy pre-tax savings Read more…