Wellness
Plans
With our help, you can design a wellness plan uniquely tailored to your organization’s culture and wellness goals.
Check out our plan options below!
Customizable options for employers of any size or industry!
With the BASIC Wellness Rewards Account, employers can set the goals, allow employees to submit their own wellness goals, or even have team goals. Employers set the goal reward amounts and verify goal completion. When employees complete their goal, the employer contributes the reward amount to the participant’s BASIC Wellness Account. The participant can use their reward money any way they want, including for wellness items. Participants can access their unrestricted Wellness Account funds with their all in one BASIC Card, or transfer them to their MyCash account.
Examples of plans:
Employers are only limited by their imagination when it comes to establishing wellness goals that encourage healthy behavior.
Our Wellness Reimbursement Account allows employers to choose which wellness expenses they will cover and the benefit amount for each employee.
BASIC takes the time-consuming management of the program off your plate, handling all the tracking, verification, reimbursement, and reporting.
BASIC makes wellness easy by verifying expenses and administering the Wellness Reimbursement Accounts for the employer. Around 60% of employees believe employers should play an active role in their wellness and will appreciate benefits that investment in their health.
Examples of wellness items:
BASIC Wellness Plan Accounts can be an exceptional addition to your company’s overall benefits program. With the help of our cutting edge integrated Consumer Driven Accounts (CDA) benefit system, you can offer a wellness program tailored for your organization’s culture and wellness goals. BASIC offers two types of wellness plans that allow you to decide the plan structure. Wellness Rewards offers ultimate flexibility and Wellness Reimbursement incorporates BASIC’s eligibility verification.
Improved employee health & wellness
Incereased employee morale and loyalty
Comprehensive eligibility tracking
BASIC Wellness Rewards and Wellness Reimbursement Accounts are not tax-advantaged and the distributed funds are taxable income for the employee. Tax-advantaged Wellness HRAs limit eligible expenses to 213(d) wellness-related expenses.