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Press Release: Companies boost wellness incentives

Annual study also finds improved employee participation; many firms adding new wellness programs in 2011

By Other Sources | Updated on February 10, 2011

BOSTON–Fidelity Investments(R), a leading service provider of employer benefits, in conjunction with the National Business Group on Health (NBGH), released a study1 today that found financial incentives have taken on greater importance in the drive to increase employee participation in health improvement programs. The survey, which looked at the behaviors and offerings of 147 mid- to large-size companies in various industries nationwide, is a follow-up to research Fidelity(R) and NBGH conducted in 2009.

According to the study, employers utilized several different types of incentives in 2010 to encourage employees to participate in health improvement programs. These included offering cash and gift cards and making additional contributions to health savings accounts, along with more punitive efforts such as reducing employer contributions to health plans if employees didn’t engage in any programs. The incentives provided by employers averaged a total of $430 per employee in 2010, which was a 65% increase from $260 in 2009.

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