A recent article in Employee Benefit News explained how wellness dollars are too often a well-kept secret. They’re a percent of your healthcare premium that your insurance carrier will make available to you to invest in qualifying wellness programs – but only if you ask. Let’s take a look at what wellness dollars are and how you can make the best use of the money.
Employee wellness is essential to business and organizational success. Beyond medical costs, healthy employees are more productive, deliver optimal performance, have less stress, and overall better quality of life.
89% of workers at companies that support well-being initiatives are more likely to recommend their company as a good place to work and 60% of people report that benefits and perks are a major factor when considering whether to accept a job offer.
Company wellbeing programs have become an important benefit to offer, helping prevent and maintain the health of their employees by providing tools, resources, and strategies for healthy lifestyle behaviors. However, developing and implementing a comprehensive program may seem like a big undertaking and investment... but did you know your insurance carrier may be able to help by offering Wellness Dollars?
What are Wellness Dollars?
Wellness Dollars come from a percentage of the health care premium that insurance carriers make available to employers to invest in qualifying wellness programs. This set amount is then held in a reserve fund, which is specifically designed to help you invest in employee wellness programs. These dollars can help improve the scope of your corporate wellbeing initiatives and help make an impact on your employees' overall health.
These funds can help cover wellness events, activities, and resources, ranging from chair massage to gym memberships; wearable devices to mindfulness workshops; and fitness classes and health talks.
How Do I Find Out if I Have Wellness Dollars?
Unfortunately, many companies are unaware that they have an existing fund of wellness dollars available to them. Here's what you can do:
/ Contact your insurance carrier to determine if Wellness Dollars are available as part of your coverage.
/ Ask what programs qualify for wellness dollars. There may be some guidelines or restrictions on the sort of expenses that can be reimbursed.
/ Start researching and planning your virtual or onsite wellness activities - OR find an awesome partner to implement a comprehensive program for you!
TALK TO US about planning an easy and impactful wellbeing plan, without adding extra work to your plate.
How To Use Your Wellness Dollars
Once you determine that Wellness Dollars are available, you can start planning your holistic wellbeing programs and activities. Unfortunately, this FREE money also has a time limit... if you do not use it, you lose it! At FitPros we will bank your funds so you don't miss out on any opportunity to improve the health of your people!
FitPros wellness programs span physical, emotional, and social experiences to improve the health and happiness of your employees. Our accredited fitness instructors and educational speakers come to you or host virtual sessions providing top-notch fitness classes, health talks, and team-building events.
Here are just a few ideas to help you get started:
FitPros LIVE is a subscription service streaming LIVE, diverse wellbeing content every other day! Watch a short overview video for more details. Here is what's included:
/ A Wellbeing Portal where employees can register for the sessions, watch on-demand sessions, access wellness resources, and more.
/ A Metrics Dashboard where you can track employee attendance and engagement, making demonstrating value and reporting on ROI simple.
/ More Than Just Fitness, our diverse calendar of events is carefully curated, ranging from DEI talks and team-building activities to mindfulness workshops and fitness classes. Check out our Q1 Schedule here.
Health Fairs allow your employees to have fun and explore inspiring health, wealth, and fitness options. Whether you are planning a health fair to accompany your open enrollment or looking to offer a wellness week to your employees, let FitPros help you plan and implement a unique experience for your employees.
Our health talks are informational presentations with a certified professional who inspires healthy living through a motivational discussion. We offer a variety of topics including mental health, diversity, and inclusion, financial wellness, nutrition, ergonomics, plus much more!
Our fitness classes are easily implemented into any space. Our certified professionals are dedicated to making all attendees of their sessions happier, healthier, and in turn, more dedicated and engaged with anything and all that they do! We offer a wide range of classes from yoga and meditation to Zumba, Bootcamp, and Cardio Boxing.
Looking for new and creative team-building ideas? It's time to put a twist on your next virtual or on-site event! Engage your staff in their personal wellbeing goals while building team camaraderie. FitPros activities are led by industry experts to engage and motivate employees while creating a culture of belonging. We offer activities for employees and their families -- cooking demonstrations, magic shows, escape rooms, wellbeing trivia, and art therapy. We also like to bring people together for plain old fun with offerings like Mixology, Escape Room, Murder Mystery, Virtual Game Show, & More!
Designed to promote holistic health and team engagement, our care packages recognize your employee's dedication with thoughtfully curated gifts and healthy snacks.
Let FitPros be your one-stop shop for all of your wellbeing needs. Whether you are looking for onsite or virtual events, we can help you plan and implement your wellness activities for your employees! We handle all of the behind-the-scenes logistics, so all you have to do is enjoy your event.
FitPros is a turn-key wellness provider empowering people to take charge of their personal health.
Contact FitPros to diversify your company’s wellbeing offerings and help employees meet their health & fitness goals.