Please Wait a Moment
X

Banking on Wellness

BANKING ON WELLNESS PROGAM

We offer a turnkey wellness program featuring custom communications, built-in bank and member incentives, and a dedicated Health Engagement Strategist to support each bank. This program is tailored to address the specific, modifiable health risks prevalent among your employees, such as prediabetes and unhealthy body mass index (BMI).

A Holistic Approach

We’re able to get a 360-degree view of your employees’ health. Our integrated approach offers your members the benefits of well-being.

Financial Support

  • Reimbursement for on-site well-being programs.
  • Subsidies for biometric and prediabetes screenings.
  • Cash rewards for members meeting participation goals.

Unique and Expanded Reimbursements

We’re here to support your employees’ efforts to get and stay healthy. That’s why we offer reimbursements that reward them for making healthy decisions for their bodies and minds. Whether they’re focused on shedding pounds or seeking alternative treatment, we put money back in their pockets for trying to improve their overall health.

EARN UP TO $1,050 BACK EACH CALENDAR YEAR PER HOUSEHOLD

MIND & BODY FITNESS WEIGHT LOSS
$350 $300 $400
Reimbursements for alternative treatments and therapies, including massage therapy, meditation, and essential oils. Reimbursements for gym memberships, fitness classes, and home fitness equipment. Reimbursements for eligible weight-loss programs, including WW® (formerly Weight Watchers®) online and other non-hospital-based programs.

ANNUAL BANK INCENTIVE (ABI)

The Group Insurance Trust has distributed nearly $175,000 to participating banks as part of this year’s Annual Bank Incentive. Awards are determined based upon the number of subscribers who have successfully earned enough to complete the program. The higher the participation, the more significant the incentive— it’s our way of saying thank you for promoting a culture of wellness at your bank.

Our unique program encourages preventative doctor visits and dental checkups, educational workshop attendance, improved nutrition, and participation in fitness challenges. By engaging in these activities, employees build healthy habits that decrease the likelihood of chronic health conditions.

Eligibility

To be eligible, banks must have 35% of subscribers who have:

  • Completed the Health Assessment or Well-Visit.
  • Earned at least 150 points by December 31st.

Program Components

  • To be eligible to receive the wellness award each bank must be a dues paying member of Mass Bankers and participating in the medical program through the Group Insurance Trust in the year in which the incentive is paid.
  • Incentives will be distributed after the first of the following year.
  • Incentives are calculated based on January subscriber levels.
Participant Points Achieved Bank Incentive
150 $50 per subscriber
High Participation Bonus
Additional $75 per subscriber for banks that achieve 75% or higher participation

EMPLOYEE COMMUNICATIONS

Posted: Nov 30, 2024
Categories: BOW
Comments: 0
Author: Chad Pook
Employee Guide
Registration Guide
Ready, Set, Go! letter template
Challenge Calendar
Ways to earn points
Get Ready for the 2025 Step It Up Challenge – Important Info Inside!
Banking on Wellness one pager
Step It Up Challenge Fact Sheet
Go the Distance Challenge Overview Fact Sheet
Get Moving Challenge Overview Fact Sheet

Back

Print
Tags:
Rate this article:
No rating

Documents to download