A proprietary program that delivers wellness results, provides earned employee benefits and creates employer tax savings all at no-net cost to employees or employers.
Our ERISA qualified participatory wellness program combines the benefits of a group wellness plan with a limited medical plan, providing wellness services and activities for employees to easily comply with participation requirements. Compliance allows employees to receive a preventive reimbursement which then pays for qualified ancillary benefits of their choice. This means no net cost to your company and no reduction to your employee's paycheck.
Employer & Employee
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Earned benefits and services of their choice with no reduction to take-home pay as long as they meet quarterly activity commitments. Benefits include:
The Wellness Program ("Program") is your company sponsored, ERISA qualified group health and wellness plan. It is a Cafeteria 125 plan which means that the premiums are paid for on a pre‐tax basis.
Employees voluntarily elect to participate in the Program and affirm that they have major medical coverage. Within the first month of enrollment, employees are required to complete a health risk assessment after which they must participate in at least one wellness activity per quarter in order to remain compliant with the wellness program. Employees are provided all the tools and resources to easily complete and record wellness activities.
Less than 1% of employees do not comply, so you shouldn’t worry too much about this. However, the employee will not receive an allocation of flex credits. As such, and given this is pursuant to Section 125, if employee does not earn an allocation of flex credits, then any qualified ancillary premium amount will be deducted from their pay- which would mean the paycheck is less. The same is true on the Indemnity plan.
You have a couple of options. You can add additional products to your offering OR you can stop your program and let your employees have similar plans who will now benefit from these plans without any reduction to their take home pay.
Your employees will see additional line items on their paycheck. 1) A pre-tax deduction for the wellness plan premium, 2) A post- tax wellness preventive reimbursement, 3) Line item deductions for the additional insurance products purchased with the use of their Wellness Reserve Dollars, as applicable.
No, these plans are not part of the wellness program offering and therefore will not be affected.