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ARTICLE · 08 JUNE 2015

Two Key Legislative Developments Impact Wellness Plans, Non-Qualified Deferred Compensation Plans

Employer-sponsored "wellness programs" have been a growing trend for years.

United StatesEmployment and HR

Employer-sponsored "wellness programs" have been a growing trend for years. Many employers have established having some form of such a program to help employees become more aware of their physical well-being. The idea of an employer-sponsored wellness program appears to have been one endorsed by the federal government through the years. The Health Insurance Portability and Accountability Act ("HIPAA") contained guidance that endorsed wellness and the idea was update with the Patient Protection and Affordable Care Act ("PPACA"), which allowed for increased rewards for participatory wellness programs. As well, the Departments of Labor, Health and Human Services and Treasury have provided regulations helpful in guiding employers in establishing bona fide wellness programs.

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