One could argue that February is the month of love, but with myFlexplan, you can help employees feel the love all year long. Giving them the power over their own health and wellness journey ensures that employees make the choices that work the best for them!
By combining a Health Spending Account (HSA, non-taxable) and a Wellness Spending Account (WSA, taxable) an employer can choose to have a long and creative list of eligible items for reimbursement for employees to choose from. This is what makes myFlexplan such a powerful employee attraction and retention tool.
Some common eligible items that get the most love from employees include:
Gym memberships
At-home fitness equipment
Ergonomic office equipment
Weight loss programs
Holistic practitioners
Some of the not-so-common (yet) items that we have seen employees LOVE include:
Veterinary fees
Winter tires/vehicle maintenance
Group RRSP/TFSA options
Spa services
Concert tickets
Camping fees
Golf green fees
It’s important to think outside the box when deciding on eligible items for reimbursement. The significance of being able to alleviate financial concerns or pressures on an employee can have a profound impact on their mental health and overall quality of life, especially when unexpected but necessary expenses come up, like veterinary bills.
myASO is another way to help employees feel the love! With dedicated balances for specified items, they have access to additional funds outside of their HSA. myASO is also a perfect way to address items that may be important to employees but that are not always available with traditional benefits offerings, like gender affirmation programs and DEI initiatives. myASO is also a great way to offer additional funds for things like mental health.
To get started on helping your employees feel the love, click here
I absolutely love the idea of fostering a supportive environment where employees feel valued and appreciated. It’s not just about incentives; it’s about showing that you truly care about their well-being. This approach makes a huge difference in team morale and productivity. If you’re looking for an effective way to create a work culture that emphasizes care and safety, Da-Com offers services that could complement these efforts perfectly. They focus on creating a safe and positive environment, which ultimately leads to happier and more engaged employees. It’s all about fostering the right culture!