WINSTON-SALEM, N.C.–Allegacy FCU here has entered into a partnership with Wake Forest Baptist Medical Center that it said is focused on improving both the physical and financial wellbeing of its community.
The partnership involves WellQ, which is located next to the Allegacy financial center at Biotech Place in Wake Forest Innovation Quarter, and which is a membership-based service that provides access to convenient high-quality healthcare for everyday illnesses and wellness needs, along with wellness and financial coaching and education, according to the two organizations.
Financial benefits include membership at Allegacy Federal Credit Union with an AllHealth Wellness Savings Account, offering higher-than-market dividends, healthcare financial advising, no-obligation Healthcare Financial Planning to help plan for current and future healthcare costs and on-site financial education classes, the organizations said.
“There is a strong correlation between people’s physical and financial wellbeing as financial stress can negatively impact their physical health and vice versa,” said Allegacy FCU CEO Cathy Pace. “Healthcare expense can be one of the top costs for families and a WellQ membership can be a vital part of financial planning for those who need an affordable, convenient place to go for minor illnesses, as well as valuable financial education and planning assistance.”
Annual membership in WellQ an individual is $199 and $249 for a family.