In this whole business structure, the concern for the health and wellness of employees has been, perhaps, far left behind. This paper analyses the health status of employees from India’s private and public sectors. The Longitudinal Ageing Study in India (LASI) wave–1 (2017–18) dataset for all India levels is used in the analysis. The data has a few indicators of the monetary benefits such as salary, provident fund, bonuses, pension, and health insurance offered by the companies, along with sufficient indicators of the health and wellness of employees. Since higher healthcare access leads to better health outcomes, the ‘healthcare access’ is taken as the proxy of employees’ health status in the study. A logit regression model is used to determine the association between healthcare access and monetary benefits. The result shows that the ‘provident fund’ and ‘other monetary benefits’ are significantly associated with healthcare access. Further, the ‘Z-test for the difference of proportion’ is used to compare the health status of private and public sector employees. The result shows that healthcare access of government employees is significantly lower than that of private sector employees. To explore the cause of such difference, the decomposition analysis is conducted, which shows that provident funds contribute more than 63% of such difference, followed by gender (8.6%). Overall, it is concluded that the provident fund significantly affects employees’ healthcare access and, hence, their health outcomes.