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Wellness Program Incentives on the Rise

Financial incentives for employees to participate in workplace wellness programs are on the rise!

Image courtesy of renjith krishnan / FreeDigitalPhotos.net

Does your company offer incentives to employees to participate in workplace wellness programs?

If so, you are a member of a fast-growing group.

A Look at the Numbers

According to a report recently released by Fidelity Management and Research, twice as many midsize employers offer wellness incentives than in 2010.

Here are the specific numbers from the study regarding that segment:

  • 38 percent of mid-market employers offered wellness-based incentives in 2010
  • 77 percent of mid-market employers plan to offer wellness-based incentives in 2013
  • 45% of employers in the mid-market plan to offer average incentives of more than $500 per employee

Why Wellness Incentives are on the Rise

As health care costs rise, employers are recognizing that by encouraging their workforce to lead a healthier lifestyle, they can better manage their financial situation.

Also, as implementation of the Affordable Care Act moves forward, companies will have more flexibility in terms of health-contingent wellness programs as well as the maximum size of the reward that they offer.

For tips and resources on how your company can succeed with a workplace wellness programs, please download our free White Paper today!

 

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Posted in: Benefits and Insurance, Wellness

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