This plan is becoming more popular since its introduction because it is tax deferred and it is taken out by payroll deductions. Since the 1992 Presidential election, health care has been on the hot seat for a lot of companies. There are usually two different types of health care available for employees. And since health care costs are on the rise companies are finding ways to combat this. Their result are wellness programs.
Studies show employee absenteeism is reduced when wellness programs are implemented.
In addition, annual medical costs fell by 46 percent. The whole reasoning behind wellness programs is to lower health costs, but in return they have also reduced absenteeism, on the job injuries, and disability management costs. Did you know that in the United States that by law, the company you work for doesn't have to give you vacation time. There is no legal minimum that has to be given compared to other countries like Japan with 19, France with 25, and Sweden with 30. But to stay competitive in today market the average for the United States with 20 days.