HSA Employer Customer Service1-866-988-2006
Wellness programs reduce costs to both employees and employers by giving plan participants the tools they need to take charge of their health1. These programs deliver a strong return on your investment because they help reduce absenteeism and increase productivity. Many employers use HSAs as vehicles to deliver wellness cash or credit incentives.
A few suggestions to consider when working with a wellness consultant or vendor:
- Look for a wellness program that includes an annual health risk assessment and biometric testing for your employees. Results of these tests show the health risks you should focus on across your population to improve overall health and reduce company medical expenses over time.
- Extend your commitment to good health to the choices available at work. Replace soda machines with juice and water and offer healthier options in the company cafeteria.
- Give employees the option to deposit incentives earned under the wellness program into their HSAs.
If you have any questions, please contact the Employer Customer Service team at 1-866-988-2006, Monday through Friday, from 7:00 a.m. to 8:00 p.m. Central Time, or contact your relationship manager.
This information is intended to provide informational resources to employers. Please consult with your legal counsel about program design and how to prevent ERISA application to your HSA program. In this guide, Wells Fargo is providing examples that have worked for other customers. You will need to assess if they work in your situation. Wells Fargo does not give legal or tax advice. Wells Fargo Health Benefit Services, a division of Wells Fargo Bank, N.A., does not offer health insurance plans or wellness programs.
2 March/April 2011 issue of the American Journal of Health Promotion
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