Instead of paying others to help you lose weight (you’re still making all the effort yourself while your trainer just looks at you), how about getting paid to lose weight?
That’s the idea behind HealthyWage. I think they meant to say Healthy Wager.
HealthyWage works with researchers to find out what makes people lose weight.
How Does It Work?
Weight Loss Betting at Work
In a major real-world test of financial incentives, HealthyWage was commissioned by Optum Health, a wholly owned subsidiary of United Health Group (one of the largest health insurers in the world) to offer its employees the opportunity to make a weight loss bet. Participants made a $100 loss bet and had six months to lose ten percent of their weight. HealthyWage awarded $400 to each successful participant.
As with the academic studies, the results were outstanding. Among the most impressive stats: almost 2/3 of male participants achieved the 10% weight loss goal.
How Does It Work For You?
There are two ways for you to participate – solo and in a team.
When going for the Solo option, you set the amount of weight you want to lose and when you intend to lose the weight by and also set a monthly wager. For example, as shown below, you’ve given yourself 12 months to lose 100 pounds at a cost of $50 per month or $600 per year with a potential return of $1454 – $1743 with the higher wage being the prize money if you reached your goal quicker.
On the other hand, HealthyWage also has its team event. You get your friends together and try to lose as much weight a possible. The price money for the team event is a massive $10,000! Yes, that’s not a typo. The weight loss is counted as a percentage loss compared to when you start as teams size can vary and comparing y percentage is the only way to make it fair.
Check out their website – HealthyWage.com for more information.
Instead of paying people to lose weight, this is a chance to get some money for improving your health!