What is the Vantage Wellness Account?

Benefits are an integral part of an employee’s overall compensation package. Offering the right benefits to employees can help foster morale, increase productivity, decrease turnover and help a company remain competitive in a tight job market. In order to maximize your ROI (return on investment), it is important to understand what your employees want and align their benefits plan accordingly. Employee Wellness plans are an increasingly popular type of benefits program with a great overall Return on Investment (ROI). These plans have become a cost-effective way to decrease healthcare costs, reduce absenteeism, and increase productivity. The Vantage Wellness Account is a flexible, spending plan funded by the employer that pays for a wide range of wellness items that further complements our existing Vantage Health Plan. This arrangement further demonstrates an organization’s commitment to support employee healthy lifestyle choices and are designed to improve an employee’s physical and emotional well-being.

Who is Eligible to Enroll in Our Wellness Account?

Any organization that has employees registered in our Vantage Health Plan program.

What Expenses are Covered?

The WSA focuses directly on overall personal health and wellness and includes everything from fitness club memberships, and fitness equipment, to insurance premiums and even financial planning and tax planning costs. Based on your company’s overall plan design and objectives, you determine the amounts to spend each and every year. We have created the following checklist of eligible expense items for your consideration:

• Fitness Related Services:
  • Fitness club memberships
  • Registration fees for fitness-related programs or lessons, such as yoga, weight-training martial arts, and dance lessons.
  • Sports team memberships and registration fees
  • Sports club fees, golf memberships, greens fees, ski passes
  • Personal trainers, fitness consultants
• Fitness and Sports Equipment:
  • Exercise equipment such as:
  • Bicycles
  • Weights
  • Martial arts equipment
  • Yoga
  • Exercise videos

• Wellness Related Services:
  • Weight-loss programs
  • Weight management programs
  • Smoking cessation programs
  • Nutrition programs and counseling
  • Alternative health practitioners
  • Sleep Assessments
  • Stress Management Programs
• Professional Services:
  • Fees for:
    • Income tax preparation
    • Financial counseling
    • Estate planning.
• Personal Development:
  • Tuition and fees for:
    • University
    • College
    • General interest classes
    • Textbooks
    • Reference materials
• Personal Insurance Premiums:
  • Life Insurance
  • Long-Term Disability (LTD)
  • Long-Term Care

What are the Advantages of the Wellness Account?

This Wellness Account allows companies to provide additional support to their employees, along with the flexibility and choice to proactively help them manage their health and personal well-being. Physical fitness activities have also been shown to contribute to reduced absenteeism and higher self-esteem.

• Flexible compensation is regarded as innovative, responsive and leading edge.
• Employees appreciate flexibility which ultimately leads to higher job satisfaction.
• Promotes wellness through financial encouragement and incentives.
• Promotes a more holistic view of health.
• Introduces additional healthy lifestyle options to existing company benefits plans.

Who Provides the Wellness Account Registration and Administration? The Wellness Account claim process is designed to be quick and convenient for everyone to use. The employer confirms the annual funding levels. Because of the types of items covered under this arrangement, the wellness account expenses are normally classified as a taxable benefit to the employee. In terms of billing, this is a “pay-as-you-go” plan. Once you provide your employee eligibility and credit allocation information, we administer the account completely for you.