GoToBenefit Wellness
GoToBenefit Wellness offers a disruptive approach to wellness that goes far beyond the multitude of programs that have failed to deliver a return on investment. GoToBenefit has partnered with Health Compass Inc., a national provider of employer wellness solutions, to offer a way – at no cost to the employer or the employee – to provide benefits that can be positioned to recruit and retain top talent in a competitive, yet needy job market.
We move forward with employers in redefining wellness as the overall wellbeing of the organization, as its own “healthcare ecosystem.” Through incentivizing wellness, organizations experience positive impacts to not only the physical but mental, financial, and behavioral wellbeing of their workforce.
Offering GoToBenefit Wellness to Chamber members is a triple win for the Chamber of Commerce, for Chamber members, and for the employees of Chamber members (and even for employees of the Chamber):
For Chamber: Administrative and marketing fee of $60 per participating employee per year.
For Employer: Average payroll tax savings of $500 per participating employee per year.
For Employees: Average additional money for supplemental insurance products (e.g., disability insurance, term life insurance, etc.) of $1,800 per year.
Better health outcomes. Better organizations.
- The Problem: Historically, employee wellness plans have experienced low engagement and lackluster participation. They are plans built with the right intentions, but lacking utility to the employee. Diversity within the workplace creates varying abilities, challenges, dilemmas, and needs. This range of needs weakens the placement of a blanketed, one-size-fits-all solution.
- The Solution: Employers have experienced $4.7 billion/week in lost productivity due to pandemic-induced stressors. The GoToBenefit Wellness Program creates a personalized and gamified approach to wellness, allowing employees to become more focused on managing healthcare costs, and other unforeseen challenges. As a reward for their participation, our wellness program allows employees to maximize the value of their other employer benefits.
- Highlights: As employees commit to continued wellness engagements, monetary outcomes for both the employer and employee are experienced simultaneously. Employee benefits increase without reducing take-home pay as employers will experience an average of $500 per employee per year in FICA savings, and overall health plan costs are reduced, on average, by 3-7% annually.
How does the program work?
GoToBenefit Wellness, managed by Health Compass, Inc., is a voluntary ERISA-compliant Section 125 Health and Wellness Plan program with savings for both employers and employees. Implementation is quick and easy, and there are no start-up fees.
When an employee opts to participate in the GoToBenefit Wellness plan, the entire cashflow process is done via payroll just like medical insurance. If the employee participates in four eligible wellness activities each year, then he or she is considered “compliant” and receives the wellness reimbursement.
Participants will have an average increase of $150 per month to spend on supplemental benefits such as disability, accident, critical illness, and other coverages for their families. They can take these crucial benefits with them if they resign but they will have to pay out of pocket for them, creating a great incentive for them to stay.
Financial Benefits
The following describes the financial benefits to the employer, the employees, and for the Chamber of Commerce as the sponsoring organization:
| Number of Employees | 100 | 500 | 1,000 | 2,000 |
| Employee Participation (77% avg.) | 77 | 385 | 770 | 1,540 |
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Annual Benefit |
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| For Employees | $ 138,600 | $ 693,000 | $ 1,386,000 | $ 2,772,000 |
| For Employer | $ 40,315 | $ 201,574 | $ 403,149 | $ 806,298 |
| For Chamber | $ 4,620 | $23,100 | $46,200 | $92,400 |
For more Information, please contact:
https://gotobenefit.com/