Would you quit smoking if your employer promised you a sum $800 or Rs.50,000 over six months? The chances are very high, suggests a new study.
The researchers found that financial incentives, worth roughly $800 (Rs.50,860) over six months, helped more smokers kick the habit than providing free access to behavioral counseling and nicotine replacement therapy.
"As we continue to see smoking as the number one cause of preventable death in the US, it is important for employers to consider different options to help their workers quit," said senior author Kevin Volpp from the University of Pennsylvania.
The employees were given different financial incentives, each worth roughly $800, and they could participate in the programs either individually or in groups.
Contrary to the researchers' expectations, the group-oriented programs were not significantly more successful than the individual-oriented programs -- 14 vs. 12%.
CVS Health said it would soon launch a campaign called "700 Good Reasons", whereby all employees who smoke would have to deposit just $50 (Rs.3,178), and if they tested negative for tobacco 12 months later, they would get back their $50 plus $700 (Rs.44,502) more, the company said.
The findings were published online in the New England Journal of Medicine.