GiftCard Partners Blog

Most people in corporate America understand the benefits of health and wellness programs…from the potential insurance premium savings and government incentives to companies, to individual employee productivity increases, and long term behavior changes; health and wellness programs seem to be a win-win when you incent and motivate people to get involved. But, it’s not just the corporate side of America looking closely at health and wellness incentives. U.S. Medicaid and Medicare programs, States and insurance companies are also looking at incentives such as the
CVS Select gift cards. Such gift cards work as incentives in prevention programs that demonstrate changes in health risk and outcomes, such as tobacco cessation, controlling or reducing weight, lowering cholesterol and blood pressure, and avoiding the onset of diabetes or improving the management of their diabetes condition.1 CVS Select gift cards is an example of a healthy gift card incentive that filters out unhealthy products, such as tobacco and alcohol, and supports positive purchases such as medication co-pays, over the counter medicines and other healthcare products. In many ways, the users of Medicaid and Medicare programs are some of the most vulnerable of our population, as they need prompting to get healthy and remain healthy, yet they often have fewer resources to do so.
Read more from CMS.gov to learn how incentives can benefit Medicare & Medicaid Services. Source: 1.
Overview of Medicaid Incentives for Prevention of Chronic Diseases Program

People rely on their smartphones to ring alarms, retrieve all facets of communications, navigate where they’re going, and so much more! But what about navigating one of the most difficult challenges of life…changing behavior to improve one’s health? There is ZERO debate over the attractiveness and popularity of Smartphone, tablet, and computer apps to help us in our everyday life; but can they help change our behaviors, or keep our attention on our goals on a long-term basis? One of my first experiences with a healthy-app was more than 10 years ago, on my Palm Pilot with a program that tracked the foods I ate (down to the TBSP of milk in my latte). The program allowed me to input my daily exercise, and it would tally up my healthfulness for the day, week, month and adjust my workout accordingly to stay on track. I have to say, I was pretty good for a few years about tracking those crunches and treadmill walks to counter whatever food I ate.Although the technology became obsolete, the habits of how I make my coffee and the calorie & fat counting sticks with me to this day. Such apps could certainly be integrated into a workplace health and wellness program. Since tracking health and wellness milestones is an important cornerstone of any program, apps can be set up with individuals’ health and wellness goals to help employees track, in real- time, their own success…connecting them closer to their potential incentives or rewards, like the gift cards or premium reductions. With or without a health and wellness program, workplaces can promote such apps to keep healthy behaviors on track through the workday.
Check out this Quora discussion, to find some great ideas that you can pass on to your employees, coworkers, and teams. By supporting these technologies; you could help create a healthier workplace, one app/one person at a time.

We read a lot about gift card “breakage”. That pre-paid industry term that translates to “gift cards that have been sold but never redeemed”. Breakage is a negative term for gift card holders and it’s really not such a positive one for retailers (surprisingly). Although breakage leads to higher profit margins; retailers and merchants are NOT gaining customers or building loyalty if those gift card holders never visit the store to become a real customer. Let’s turn this principle into an opportunity for employers, loyalty programs, and Scrip gift card programs, to communicate to their participants and engage them with your program. You know who you have given gift cards to. So, communicate with those program participants, and use that information to engage them in your program. Although many will have redeemed their gift cards, show you care and send them a reminder to use their cards…that employee, loyalty points redeemer, or the Scrip gift card buyer will thank you for the reminder.

In a continually changing business economy, finding the right mix of salary, benefits and incentives can be a daunting challenge to get right. There are categories of folks to consider in order to continually attract and recruit top performers, motivate all employees, and retain them. Of course that mix of benefits must help the company achieve its goals, so differentiating levels of performance with varying levels of incentives can help your company not “over-reward”. Gift cards have become the go-to option for incentives for many reasons, but their appeal is super-high when differentiating levels of performance since they can be given in so many denominations and the recipient can make their own decisions about what to purchase from the retailer or merchant. Have you created differing levels of achievement with goal specific incentives to match? Check out Business Finance Magazine’s
Compensation Challenges in 2012: Finding the Right Mix to learn more about differentiation and how to shuck and jive with change in your organization with regard to compensation and incentive budgets.

SmartBlog on Leadership reports that only 1/3 of people feel that their company does a good job communicating their benefits to them…these companies are leaving a great company investment un-leveraged. The benefits and incentives, such as the voluntary health and wellness programs you offer, are a huge asset to your company not only when recruiting, but on an ongoing basis for retaining employees and maintaining employee loyalty. "Loyal employees aren’t necessarily those with the most expensive benefits. Rather, they’re employees who understand how to get the most value from their benefits because they received clear, open communication year-round. Employees who think their benefits communication educates them effectively are more satisfied and loyal: 71% are satisfied with their benefits, and 70% feel a strong sense of loyalty." states Jennifer Benz in
Why you should invest in benefits communication. Did you know that a strong benefits & incentive communication strategy could also reduce health care costs?
Click here to start improving your benefits & incentive communications for 2012.