Health and Wealth Program

Our H&W program is designed to provide wellness activities and offer supplemental insurance benefits without impacting your employees’ take-home pay.

SUPPORT

TELEHEALTH

PROTECTION

POSITIVE CASH FLOW

RETENTION

MORE BENEFITS

Help your workers save on healthcare-related costs in unique ways

At Providence Benefit Solutions, we believe that employee well-being is a journey that should be enjoyable and rewarding. Our Health and Wealth Program, in collaboration with enhancedcareMD, lets your employees actively participate in wellness activities, earn qualifying points, and purchase supplemental insurance plans—all without any impact on their net pay.

H&W PROGRAM

Health & Wealth

Our Health & Wealth employee program is designed to provide wellness activities and offer supplemental insurance benefits without impacting your workers’ take-home pay.

EMPLOYEE PROGRAMS

Take your organization to new heights with these programs

HR Solutions

Providence Benefit Solutions partners with Mineral® to help you streamline your HR processes and ensure your company stays compliant with the ever-changing HR regulations.

HEALTH AND WEALTH

Why the H&W Program?

Our program is designed to create an individualized benefit bank so your employees can get ancillary insurance products without reducing their take-home pay. Here are the supplemental plan options available:

  • Voluntary Life Insurance

  • Short-Term Disability (Paycheck Protection)

  • Long-Term Disability (Long-Term Paycheck Protection)

  • Critical Illness

  • Accident

  • Hospital Confinement

How to participate and earn qualifying points?

Your employees are provided with a Health and Wealth Dashboard with wellness activities and services. By completing activities and/or using the services, they earn qualifying points that can be redeemed for Ancillary Insurance products. There’s something for everyone to participate in—from doing a health assessment and taking a short video health course to working with a health coach via phone calls or email and using telemedicine services.

Employees only need to earn 400 points per supplemental plan per year, approximately four activities/services, to be eligible. On average, this 400-point commitment can be finished within 2 hours total.

  • 24/7 Nurses & Doctors by phone or video, no co-pays

  • Health Risk Assessment

  • Health Coach Consultations

  • Engaging Health Courses

WELLNESS ACTIVITIES

WELLRIGHT APP

The Wellness Mobile App

Our wellness app makes it easy for your employees to earn 400 qualifying points annually and be eligible for new insurance coverage options.

Employer Benefits

Healthier Workforce: Implementing a program that values employee physical & mental

health can help improve productivity, employee retention, lower healthcare costs, and

foster a positive work culture.

Broadening Benefits: This program creates an opportunity for the employer to broaden

their benefit offerings by adding both choice and balance for each employee.

Strengthen Cash Flow: Benefits are funded through credits earned by employee

participation, taking the burden off of the employer & employee. Also, there is a reduced

FICA obligation that allows the company to save ~$500 per year per participant.

WELLNESS ACTIVITIES

Qualified Employee Benefits

Protection against Unexpected Medical Costs: Our range of Supplemental Benefits such as Hospitalization, Critical Illness, Disability, Dental & Vision are there to support employees should they be impacted now or at any time in the future.

Medical Care: Telehealth has become the frontline for both screening and care. Nurses & Doctors are ready to help with acute care, 24/7.

Counseling: Your employees will have access to licensed behavioral health clinicians for emotional concerns such as: depression, anxiety, stress, grief and more.

Coaching: Licensed coaches are available through email or phone as part of our program to help employees stay motivated and on track to reach their wellness goals.

Wellbeing: With a Comprehensive Health Assessment, over 250 health courses, monthly webinars, 400 unique wellness activities to choose from, the wellness platform delivers a complete wellness program to support employees in their health journey. The wellness platform offers a fresh user interface accessible online or via mobile app, easy integration with wearable fitness trackers and devices. All wellness platform benefits are unlimited and included in the program.

WELLNESS ACTIVITIES

How it Works

  1. Employees choose to enroll in the Health & Wealth Program and must participate by earning 400 points within their wellness platform.

  2. The Health & Wealth program premium is deducted pre-tax as part of a section 125 cafeteria plan.

  3. Employees earn credits that cover the cost of the program and their chosen supplemental insurance policies.

WELLNESS ACTIVITIES

Comprehensive Wellness Support

Our H&W Program provides new coverage options for your employees with no reduction to their pay.

– PROVIDENCE HEALTH AND WELLNESS PARTICIPANT

“Without utilizing my Benefit Allowance bank, I would have waived the insurance products I was able to choose during open enrollment. I feel better knowing my family, and my life, is protected.”

Talent Attraction and Retention

With our unique program, you can create a much more robust benefits package that retains talents longer.

Enhanced Employee Satisfaction

You can leverage our program as a way to show your care for your employees, increasing a positive culture.

Bigger Company Savings

This one-of-a-kind solution lets you get FICA savings for every employee in the program.

Transform your workplace into a fun, healthy environment.

We pride ourselves on offering fresh and innovative solutions to meet the needs of growing businesses. Our unique Health & Wealth program sets us apart from our competitors and provides a valuable wellness experience for your workforce.

OUR FAQS

Frequently Asked Questions

  • This program is designed to provide both wellness services and activities, along with supplemental insurance benefits without reducing your take home pay. By participating in this program, you are eligible to receive a fixed amount of money to select supplemental plans for you and your family.

    •The premium for the wellness program is deducted on a pre-tax basis every pay period. You’ll pay less in taxes as a result.

    •The same premium amount is reimbursed by your company every pay period on an after-tax basis. Your commitment to actively participate in the program (400 points or approx 4 activities per plan year) allows for this reimbursement

    •The combination of your tax savings and the reimbursement creates excess dollars – these extra dollars are called your Benefits Bank and are used to purchase additional supplemental benefits providing you with a comprehensive benefits package without impacting your take home pay.

  • No. This is a qualified reimbursement; therefore it is not subject to taxes.

  • There is an obligation on your part. You need to actively participate in the program by completing activities, and/or using the services, all found within your Health and Wealth Dashboard. The requirement is 400 points per plan year which is approximately 4 activities/services. On average, this 400 point commitment can be completed within 2 hours total.

  • You are provided with an online health dashboard with wellness activities and services. Choose from the qualifying activities within your dashboard to satisfy your participation requirements. Qualifying activities include doing a health assessment, taking short video health courses, webinars, working with a health counselor/coach via phone calls or email, using the telemedicine or telephonic RN services. Earning 100 points typically takes between 5-20 minutes. You can use these services every day.

  • Yes!! The wellness benefits help your overall health and save you money on acute medical conditions. The confidential health assessment results identify potential health concerns. Life counseling/coaching offer ways to improve your current health and lifestyle. Tele-medicine doctors and nurses can help you 24/7 with minor health issues like the flu or an ear infection. Telemedicine Doctors can even write prescriptions and send them to the pharmacy of your choice! All included with this program, no extra fees. •Yes!! Most individuals are annually averaging over $1500 per year in additional voluntary benefits that they didn’t have before or couldn’t afford before. Voluntary benefits can cover you and your family. Most of these voluntary benefits are guaranteed issued , meaning they offer coverage regardless of pre-existing conditions.

  • Yes, you can opt-in or opt-out during your company’s open-enrollment period on an annual basis.

  • There are over 140,000 members using the wellness dashboard.

  • No, your tax savings pay your administrative fees and there are no additional fees for everything included in your health dashboard.

  • This is a monthly administrative fee. Your wellness reserve dollars absorb the administrative fees of the program for you, meaning there is no reduction in your paycheck. Those fees are the costs of the dashboard setup, legal and compliance programs, and the administrative requirements to bring these wellness services to you.

  • While there is a monthly premium payment for the program, the program is designed to NOT reduce your take-home pay.

  • There are 4 new deductions/reimbursement on your pay check every pay period. Your take home pay is not reduced by these changes.

    -Premium cost for the Health and Wealth Program

    -Reimbursement, equal to the Premium cost

    -Monthly Wellness Service Fee

    -Supplemental Insurance total cost