It's not a trick. Your boss will pay you to live healthy.

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Your employer will offer you nearly $700 this year, and you won’t take it.

As we near the midpoint in Financial Literacy Month, the Fidelity investment and benefits firm released a study aimed at employers. However, its conclusions should intrigue employees.

“Employers will spend an average of $693 per employee on wellness-based incentives in 2015,” the study found. That’s up from $594 last year and $430 five years ago.

That’s good news. It means your employer is offering you more perks to stay healthy. Why do they care if you eat better and exercise more? Because healthy employees take less sick days and use less health insurance. So everyone wins.

What you can get for free

Those perks include “cash, gift cards, reduced health care premiums or a contribution to a health care account” if you do simple things like quit smoking and exercise. Employers are also offering free “biometric screenings,” “health risk assessments,” and “physical activity programs.”

Sadly, most employees don’t care. Concludes Fidelity…

Fewer than half (47 percent) of employees earned their full incentive amount in 2014, while 26 percent earned a partial amount. Together, this translates into millions of dollars of unclaimed incentives.

“The next challenge for companies is to continue to find ways to increase participation in these programs and encourage employees to earn the full incentive amount available to them, which will contribute to their financial well-being as well as their physical health,” says Fidelity’s Robert Kennedy.

What you need to do right now

This being Financial Literacy Month, I urge you to contact your Human Resources Department and ask about “wellness benefits.” If someone offered you a crisp $100 bill to work out today, wouldn’t you do it? Well, your employer is offering you services (and sometimes cash) to live the healthier lifestyle you always wanted. Passing that up is bad for your body and your wallet.

Howard Dvorkin is a CPA and chairman of, an educational resource for those who want to conquer all forms of debt in their lives.

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About the Author

Howard Dvorkin, CPA

Howard Dvorkin, CPA

I’m a certified public accountant who has authored two books on getting out of debt, Credit Hell and Power Up, and I am one of the personal finance experts for I have focused my professional endeavors in the consumer finance, technology, media and real estate industries creating not only, but also Financial Apps and Start Fresh Today, among others. My personal finance advice has been included in countless articles, and has appeared in the New York Times, the Washington Post, Forbes and Entrepreneur as well as virtually every national and local newspaper in the country. Everyone should have a reason for living that’s bigger than themselves, and besides my family, mine is this: Teaching Americans how to live happily within their means. To me, money is not the root of all evil. Poor money management is. Money cannot buy happiness, but going into debt always buys misery. That’s why I launched I’m glad you’re here.

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