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Earn money as a motivator to lose weight? According to a growing body of research, cash incentives and penalties can in some cases, triple the success rate of weight loss programs.
HealthyWage is one of the first to offer monetary incentives to individuals to lose weight. The program can be used by companies who want to reward health among their employees or it can be used for individuals who simply want to lose weight and meet their weight loss goal.
All weight loss challenges begin with a verified starting weigh-in. This can easily be done by any health or fitness professional, or in the privacy of your own home through video. Extensive instruction for each option is available on the website. Once you begin, your path is up to you. You track your progress online, set and meet daily health goals and connect with a community of similar goal-seekers. Some challenges offer achievement ribbons and additional coaching and support via email and the support community. Progress tracking is strongly encouraged but not required, however weight must be verified again at the end of all challenges.
HealthyWage currently offers four types of challenges:
The $10,000 Team Challenge - teams of 5 compete over 12-weeks to lose the most weight (by percentage). The top team wins a prize of $10,000. Second place takes home $5,000 and third place wins $3,000. There are additional prizes and incentives for individuals as well, including the opportunity to win back your entry fee for achieving a 10% weight-loss within 9 months of the challenge start.
The Jackpot Challenge - teams of 4-9 work to achieve a 6% average weight loss over 12 weeks. All members of teams that achieve the 6% average weight loss split the Jackpot. Typically participants can expect their winnings to double or even triple their entry fee.
The Million Step Challenge - teams of 2-9 work to achieve a 10,000 step per day average step count over the course of 100 days. Like the Jackpot challenge, all members of teams that achieve the goal of a 10,000 step per day average split the Jackpot.
The HealthyWager - a personal weight loss bet. You chose how much weight you want to lose (minimum 10%), the period of time during which you will lose the weight (6-18 months) and the amount you will wager ($20 - $500 per month), lose weight and win! A prize calculator uses the amount of weight, amount of time, and dollar amount to calculate your prize for achieving your goal before committing to your bet.
You can compete in up to 10 challenges at one time, even competing in multiple challenges of the same type (with the exception of the HealthyWager). Stack challenges to win even more for the same weight loss.
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- Some studies have suggested that monetary incentives are powerful tools for losing weight
- Promotes taking control over your health
- Can be used by individuals as well as companies
- Monetary rewards may not result in long-term weight loss
HealthyWage encourages long-term sustainable weight loss through proper diet and nutrition, but it does not promote any one specific diet or nutrition program.
Diet and Nutrition tips and support are offered for most challenges via email and through the online support community.EXERCISE
Like nutrition, HealthyWage does not promote any one specific form of exercise or exercise program. They encourage healthy, sustainable exercise for a lifetime. You may connect some activity tracking devices directly to the website for automatic syncing. If you are participating through your employer, HealthyWage will provide information on local gyms willing to perform weight verifications and may offer discounts to participants.CONCLUSION
HealthyWage uses incentives, social support, goal-setting, technology and your own personal health and wellness record to empower you to live a better life. One of the first of its kind to pair money with weight loss, HealthyWage allows you to earn money as a motivating incentive to help you meet your weight loss goals.Common Misspellings
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