BASE^® Blog

10, 9, 8, 7, 6, 5, 4, 3, 2, 1… HAPPY NEW YEAR!  As the ball dropped and another New Year dawned, many people were ready to make a fresh start.  New Year, New Me, and most focus on improving their health and wealth. 

A recent UnitedHealthcare survey found that 55% of Americans made a health-related resolution for 2024.  Losing weight, exercising more, and improving mental health were the topmost common New Year pledges.  The second most-popular resolution was to build wealth.

If health and wealth is a priority this year, there are ways to utilize the health benefits available to help employees work towards their New Year’s resolutions.  Here are a few BASE® services that can help!

If the resolution is to “get healthy…” this resolution can include a range of healthy behaviors and there are a few health benefits that could be offered to encourage physical, mental, and emotional well-being.

If the resolution is to “save more, spend less…” this resolution can include a range of behaviors and there are a few health benefits that could be offered to stick to a health budget, build emergency savings to pay for health care now or in the future, and make the most out of every health care dollar available. 

Employers can play a part in helping employees achieve their resolutions by sponsoring benefit options, such as:

• Health Reimbursement Arrangements & Health Savings Accounts: highlighting these plans and how they can cover the cost of eligible expenses can help employees take an active role in getting care to get healthier, while also providing savings to help meet financial goals.    
• Lifestyle Spending Account: this post-tax spending account can help employees pay for eligible expenses that promote physical, financial, and emotional well-being. 
• 125 Cafeteria Plans: whether an employer offers one, or all four, of these health plans, employees have access to quality benefits and allow them to pay for eligible expenses and save money by putting money into these accounts on a pre-tax basis. 

A company’s benefits may not be at the top of every employee’s mind when they set their New Year’s resolutions, but employees want tools and resources to achieve their goals.  As they take the time to assess the future with the beginning of a new year, it is best for employers to be armed with the benefits to meet the needs to recruit and retain top talent that aspires to improve their health and wealth.

Kick off the New Year by learning about additional benefits that can assist in meeting the needs of your employees in 2024 by contacting BASE® at 888.386.9680 or visit www.BASEonline.com.

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