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Health Reward Stat of the Day – Feb 25

money and steth pic

According to a February 2015 report from the International Foundation of Employee Benefits Plans, dubbed Workplace Wellness Trends, based upon interviews with 479 management and professional level employees of U.S. and Canadian firms, nearly four in five organizations (77%) are using some type of incentive to increase participation in wellness programs and encourage healthy behaviors (Exhibit 1). Gift cards/certificates and noncash incentives are the most prevalent (37.6% and 30.2%, respectively). Also common are insurance premium reductions (28.4%). Fitness center discounts (17.6%), contributions to health accounts (16.6%) and cash awards (16.1%). The use of incentives is generally less common in the multiemployer sector compared with corporations and public employers.

Use of Incentives/Disincentives Overall
Gifts cards or gift certificates 37.6%
Noncash incentives/prizes/raffles (merchandise such as T-shirts, gym bags, water bottles, etc.) 30.2%
Insurance premium reduction/incentive (“carrot” approach) 28.4%
Gym/fitness center discounts 17.6%
Contributions to health accounts (e.g., HSAs, HRAs, FSAs or HCSAs in Canada) 16.6%
Cash awards 16.1%
Insurance premium penalty/disincentive (“stick” approach) 13.7%
Reimbursement of worker costs upon completion of an outside wellness initiative 6.6%
Waivers or reductions for health plan deductibles or copayments (“carrot” approach) 6.4%
Additional time off 6.1%
Increased health plan copays, coinsurance and deductibles or reduce benefits (“stick” approach) 4.5%
Access to health plan coverage is contingent upon initiative participation 1.6%
Salary incentives/disincentives 0.8%
Hiring/promoting dependent on tobacco use or health 0.8%
No incentives offered 23.0%

https://www.ifebp.org/pdf/research/survey_workplacewellness15.PDF

 

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