Premium Credit Increases in 2020
Get a snapshot of your health and get rewarded. Enrolled individuals can earn monthly premium credit incentives when they complete a Personal Health and Well-being Assessment (PHA) and a verified biometric screening. In 2020, the amount of available premium credit will increase from $20 to $25/month for enrolled faculty and staff and from $10 to $15/month for enrolled spouses. To receive the full credit amount for 2020, complete your 2019 PHA and verified biometric screening by December 31, 2019.
HRA Credits and PulseCash
Each enrolled participant may earn rewards which include up to $300 in Health Reimbursement Account (HRA) credits and up to $100 in PulseCash in 2020. These rewards are available to be earned on a quarterly basis. Each quarter, participants can earn up to $75 in HRA credits and $25 in PulseCash.
HRA credits – The maximum annual amount of HRA credits that each enrolled employee and spouse can earn through the YP4H Incentive Program is $300. If you do not use all of your HRA credits during the year you earn them, your funds roll over so you can pay for future health care costs that you incur while you remain enrolled in the medical plan. Rollover funds are available after the grace period for the previous calendar year’s reimbursement requests, usually after April 15. To access the rollover funds, you must still be enrolled in the medical plan on the rollover date. Learn more about HRA credits.
PulseCash^ –Participants can earn up to $100 in PulseCash. PulseCash is available for you to redeem in the Virgin Pulse online store to purchase gift cards or health and wellness items, such as fitness tracking devices, or to donate to a variety of charitable organizations. Learn more about PulseCash.
^PulseCash is subject to taxation at the time it is earned.
|Points||Enrolled Faculty/Staff and Spouse||Faculty/Staff Not Enrolled**|
|Level 1 (2,500)||$15 HRA||$5 PulseCash|
|Level 2 (5,000)||$20 HRA||$5 PulseCash|
|Level 3 (10,000)||$20 HRA &
|Level 4 (25,000)||$20 HRA &
|*The rewards you earn are dependent upon your medical plan enrollment status reflected in the YP4H portal at the time you reach each incentive level. Points reset quarterly.
**Must be eligible for medical benefits.