Health Incentives for Your Employees?

Have you thought about offering incentives for your employees to stay healthy?

Many organizations have since the passage of the Affordable Care Act (ACA).

We can help your practice stay on top of the latest healthcare news, rules, regulations and trends.  Subscribe to stay current and up to date on important matters that will impact your practice.  (To subscribe to our blog ).

Some companies are even offering employees an Apple Watch for only $25, with a catch, of course. Employees must meet monthly fitness goals over two years, or they must pay the full price of the watch.

Other companies are offering cash, gift cards, and Fitbits to encourage their workers to get in shape.

The ACA allows companies to pay employees wellness incentives that amount to 30% of the cost of health coverage.

Companies can also discount health coverage by 50% for smoking-cessation programs.

Last year, Target offered free or discounted Fitbits to its 335,000 U.S. employees to encourage them to exercise more.

Last year, on average, companies spent $693 per employee on wellness incentives to encourage workers to participate in health risk assessments and screenings. This amount has increased by almost $100 per employee since 2014.

What’s the downside to these exercise incentives?

While the program may motivate workers to get healthy, some data privacy experts have voiced concerns. They have stated that these incentives and monitoring devices could lead to a greater risk of exposure of employees’ private health information.

Are you encouraging your employees to get in shape? Or are you worried about the privacy of worker health information?

Let us know by commenting below!

In our next blog post, we will keep you informed of related issues.  To get this important information delivered directly to your mail box, 

Do you need help staying current and compliant with the latest laws, rules and regulations?  We can help. To contact us about your new government rules and regulations, your practice’s risk assessment, or about your other legal needs:  CLICK HERE.

P.S. If you or your patients are interested in consumer healthcare issues, check out myhealthspin.com.

Related Posts

Categories

Recent Posts

Red Flags in Physician Contracts
December 6, 2022
Estate Planning Terms to Know
December 1, 2022
Are You Providing Patients with their Records Quickly Enough?
November 29, 2022
Happy Thanksgiving from Rickard & Associates!
November 24, 2022
Protect Your Practice Against Telemedicine Fraud
November 22, 2022

Subscribe

Enter your email to subscribe now and receive your FREE HIPAA Risk Assessment book!

An essential tool for all healthcare providers, Easy Guide to HIPAA Risk Assessments breaks down the requirements of HIPAA so you can successfully complete your required risk assessment.

 

Get it now for FREE (an $8.99 value!)

One more step! Please check your email to confirm your subscription and receive your FREE book!