Definition

Helps cover costs for hearing tests or devices. It keeps you from paying full price for necessary evaluations and aids.

What to consider

  • Understand eligible expenses under the stipend.
  • Keep receipts to claim the stipend accurately.
  • Check if the stipend is taxable.

Real world scenarios

  • At her job, Carla received a monthly wellness stipend to cover gym memberships and fitness classes.
  • James used his wellness stipend to purchase a fitness tracker and join a local sports club.
  • Amy allocated her wellness funds towards meditation classes and healthy meal deliveries.

Related terms

Healthcare