There has never been a better time for clients to consider adding (or applying for) a Wellness account to their overall benefit strategy. Whether the Covid 19 pandemic has changed our work experience or we increasingly become aware of our mental and physical health, Wellness benefits are considered of high value by employees. 

Wellness benefits are a great way for existing FlexSave clients to add flexibility and value to their health spending account.  They are also a new idea that can be put in front of clients who have traditional benefits to compensate employees in ways that are sure to have a positive impact on the business itself. 

Covid-19 has affected many things including:

  • An increased focus on health and wellness, especially mental health, and stress management
  • Increased spending on sports or fitness equipment, as people look for new ways to keep active
  • Alternative therapies, supplements etc.
  • Many businesses reconsidering what “return to normal” looks like as people continue to work from home

     

Why should employers consider a Wellness account?

  • Employees who have an existing health spending account may not be using all the benefit amount available to them. Perhaps they are younger and don’t have a lot of medical expenses.
  • Lack of opportunity to schedule practitioner appointments due to regional restrictions.
  • Increasing number of employees working from home

When employers add a wellness (personal spending) component to their benefit strategy, employees readily take advantage of the opportunity to use their allocated funds in areas that are important to them like:

  • Health: Supplements, Masks/Gloves
  • Fitness: Online fitness classes or personal training, new equipment (exercise bike, golf clubs)
  • Professional Development: Courses, coaching
  • Family: Child care
  • Technology: Computers, electronic devices, office furniture
  • And more!

If you have existing FlexSave clients and want to determine what amounts have been used on their account through 2020 and 2021, you can run a Paid Claims YTD report in your HUB Broker portal.  Use our white label content to tell your clients about this idea and turn Wellness benefit dollars in to revenue for you.

*Remember, Wellness account reimbursements are considered a taxable benefit to employees although remain tax deductible to the corporation. 

For a limited time only

From now until August 31, 2021, existing FlexSave clients can add a Wellness component to their FlexSave account for a reduced fee of $50. And remember, you can waive your $50 set up commission on Wellness additions so clients can add Wellness for NO FEE! That’s savings on set up and increased claims revenue for you!

 
 
Interested in learning more about FlexSave? Contact Us