Healthy, productive and engaged — this is your workforce when you encourage wellness. A wellness program offers incentives to employees for completing certain activities. More and more, those incentives are financial. That’s where PayFlex can help.
Productivity loss as a result of health problems costs employers billions of dollars each year. Programs that improve health can help employees increase stamina, concentration, focus and ultimately, work output.
Programs that include physical activity can improve employee health and well-being. And exercise is linked to lower risk of chronic disease.
Large companies with a wellness program have slower increases in health care costs than those without one. And they can pass those savings on to employees.
Wellness programs encourage healthy habits like eating more fruits and vegetables and getting more physical activity. They can also help employees reduce fat intake and decrease body weight, cholesterol levels and blood pressure.
Your employees are your greatest asset. Having the right programs in place to support a culture of well-being is good for business. Consider how a Well-being Reimbursement Account (WRA) can help your organization see the positive impact of investing in workforce wellness.
You determine the activities employees complete to earn incentives. Some examples are physical activities, screenings or health risk assessments. Once employees complete the required actions, you deposit money into their flexible spending accounts (FSAs), health savings accounts (HSAs) or health reimbursement arrangements/accounts (HRAs). Employees can then use their PayFlex Card® to pay for eligible health care expenses, or pay out of pocket and request reimbursement.
We make it easy to encourage wellness. And you — and your employees — earn the rewards.
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