What is An Incentive Reward Program
Incentive Program Definition
An incentive reward program or loyalty program is a formal system or scheme that is used to encourage specific behaviors and engagement from reward members.
The Chip Rewards platform is configurable which allows for total flexibility in Incentive Program Design. This allows the ChipRewards incentive program to be a platform that rewards not only healthy behaviors but engagement in any internal tools that you deem necessary.
We offer and support a large range of incentive methods and reward fulfillment options, including reward currency. These incentives can be tailored to the specific needs of the client to ensure that the right incentive method is identified for the client.
Examples of Incentive Rewards
Below are some examples of rewards that can be fulfilled with the ChipRewards platform:
- Electronic and Plastic Gift cards (National Retailers)
- Premium adjustments
- Deductible adjustments
- Account contributions (HRA, HSA, FSA, Open Loop)
- Reloadable Cards
- Co-pay adjustments
- Payroll, CDH, or other reports to the employer
- Charitable contributions
If you are interested in learning more about ChipRewards or incentive programs to increase employee recognition and employee engagement with your team, contact us today! We want to hear from you and answer any questions that you have.