(Black Friday/Cyber Monday Promo: Click this special link for extra $100 added to your prize through 12/5. They offer up big boosts only a few times per year. Look for the banner on top. Read on for how Healthwage helped motivate me to lose 50 pounds – yes, really.)
My overall HealthyWage bet was to lose 10% of my body weight over 9 months (22 pounds in my case). My offered bet was to put up $50 per month for 9 months for a potential win of $50. You may like the sound of “winning $500”, but know that a lot of it will be your own money:
Honestly, risking $450 to win $50 didn’t feel like a very good risk/reward ratio, but I wanted the extra motivation. Perhaps my goal was too easy and that was why the payout wasn’t as high. You can put up your own numbers and calculate your own HealthyWage offer. Your payout may be much better than mine. The quote is free, you just need to provide any e-mail address.
If I joined during a limited-time offer prize boost, I could have earned a lot more money:
Initial weigh-in verification. There are four ways to verify your weight:
- Smartphone app. There is a HealthyWage app for iOS and Android. You take a clip using the app and your personal scale. Importantly, everything can be done from home!
- Video Verification. Upload a video to their website using your personal scale.
- Verification by a Fitness or Health Professional – Bring a form to your “local gym, pharmacies, corporate wellness clinics, walk-in clinics, HR reps, nurses, your personal doctor, your personal trainer or your chiropractor.”
- Verification at a Weight Watchers Meeting.
I followed their directions carefully, uploaded my video, and both my initial and final videos were accepted with no issues or additional requests.
Every month, I would see a $50 charge on my credit card bill from Healthwage. However, that was about it. There were no encouraging e-mails. No fun tokens or prize giveaways.
Upon initial sign-up, I was given my 2-week window for final weigh-in. HealthyWage’s two-week window is definitely more generous than DietBet’s 48-hour window, with the important difference that I was never sent any reminders by HealthyWage when the time actually came. In comparison, Dietbet sent me multiple reminders beforehand. Now, I had the date marked on my digital calendar with several alerts, so I completed my weigh-in by the second day of the window. It is quite possible that if I waited until closer to the final deadline, I would have gotten a reminder. But I wouldn’t rely on it. Remember, if you forget, they keep your money!
I also did a DietBet at the same time, which is similar but different in that it collects participants into groups and then takes a cut from the pooled bets. See my separate DietBet Review.
Extra final verification hoops. Upon final weight verification, you’ll have to submit the verification video again (see above). But that’s not all. I also had to locate and upload a “before photo” and an “after photo”, which could be any photo from “around the time” of the start and end of the challenge. I also had to upload a scan of my driver’s license. Here’s a screenshot of their page asking for additional information.
Note: As of 2021, Healthywage no longer requires you to send in before/after photos of your body. They still recommend keeping some pictures in certain cases that require addition verification:
As part of our review, we occasionally request that some (very few) participants submit an additional weigh-out video. If an additional weigh-out video is required, HealthyWage will contact you with instructions. Optionally, you could also keep on hand a set of full-body before-and-after photos, and have your teammates do the same. You do not need to submit the photo(s) to HealthyWage.
Finally, I successfully referred a few people to Healthwage and received extra money added my “pot”. This referral program is nice feature to get some social support, but remember that you get the referral money only if you win your own bet.
Final payout options. There are two options to receive your winnings. A mailed check takes 3-4 weeks to process, with no fee. The other “fast” option is PayPal, which charges a 3% fee. I picked the PayPal option because I didn’t want to wait around for a check. However, they later clarified that it would still take 3-5 business days for Paypal transfer. The 3% fee is taken out by PayPal, so HealthyWage actually sends the full amount (they just choose not to subsidize the fee). In retrospect, maybe I should have just waited for the check. Here’s a screenshot:
Bottom line. I committed to a Healthywage bet to lose 10% of my initial weight over 9 months. I lost the weight, completed my verifications without hassle, won the bet, and was paid my winnings. Although I found the process a bit impersonal, they are a legit company. Calculate your own HealthyWage offer here. No obligation to get a quote. However, the fact that HealthyWage motivated me to finally lose over 50 pounds was worth more to me than the cash winnings. I’ve kept it off in the years since as well, so it literally changed my life and quite possibly made it longer.
“The editorial content here is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. This email may contain links through which we are compensated when you click on or are approved for offers.”
Healthywage Review: Bet on Yourself, Get Paid To Lose Weight ($100 Prize Boost) from My Money Blog.
Copyright © 2004-2022 MyMoneyBlog.com. All Rights Reserved. Do not re-syndicate without permission.
0 Comments