As the new year begins, many of us set health goals and New Year’s resolutions, often focusing on becoming more active and prioritizing our well-being. So, why not add a bit of flexibility to your resolutions with a Flexible Spending Account? Promoting health and wellness in the workplace can provide the motivation your team needs to start the year strong and stay on track with their goals.

Why provide a Flexible Spending Account (FSA) for your employees, and how does it work?

• Flexibility in Benefit Use: Employees have the freedom to choose where to use their benefits, allowing them to tailor their spending to their needs.
• Empowerment and Motivation: Offering an FSA empowers employees, boosting positivity and motivation within the workplace.
• Personalized Approach: Allowing employees to assess their own needs demonstrates that the employer recognizes that each person’s requirements may differ.
• Employer-Controlled Limits: The employer sets the overall combined dollar maximum for employee benefits under the Health Spending Account (HSA) and Wellness Spending Account (WSA).
• Customizable Allocations: Employers establish a minimum and maximum percentage for employees to allocate to their WSA.
• Enrollment Deadlines: Employees have 30 days from enrollment or 30 days prior to plan renewal to choose their allocation percentage for their WSA.
• Automatic Default: If the employee misses the 30-day deadline, the employer will implement an automatic default allocation for them.
• Tailored Usage: Employees can use their funds in a way that best suits their individual needs.

What can be eligible under a Wellness Spending Account to help with your new year’s goals?

• Gym Memberships
• Fitness Equipment
• Athletic Apparel
• Personal Trainers and Fitness Consultants
• Health Assessments
• Vitamins and Supplements
• Nutritional Programs
• Health and Wellness Apps
• Juicers

These items can help promote health and give individuals a strong start toward achieving their goals for the year. Beginning the new year with a healthy foot forward is an excellent way to start building lasting habits. While habit-building can be challenging, the motivation at the beginning of the year often makes it easier to get started. This is a perfect opportunity to give back to your staff by offering them the freedom to make choices that enhance their health and daily well-being.

Interested in a Quikcard FSA or already have an HSA with us but are wanting to learn more about the Flexibility you could offer your employees? Contact us today for more information on how our Flexibility Spending Accounts work and how to get started!

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