HealthyWage Review

HealthyWage is a weight loss program where you can bet your own money on yourself to lose the weight you commit to. If you achieve the goals set by yourself and HealthyWage, you'll win a cash prize. 

What is HealthyWage?

HealthyWage was founded in 2009, and they are the first company in the US to offer a financial incentive and peer support as motivation to lose weight. 

HealthyWage lets you make a personal weight wager on yourself to win cash. You pick how much bodyweight you want to lose and enter your stats.

1. Gender

2. Height

3. Initial Weight

4. Waist Size

After you've completed this section, the prize calculator will give you a prize offer that you can accept if you wish. If you lose weight, you win the prize amount! It's that simple.

Depending on how much weight you lose and the bet you accept, you could win cash prizes of up to $10,000! How cool is that?

How does Healthy Wage verify my weight?

There is a simple but fair weigh-in and weigh-out procedure to maintain the program's integrity.

Depending on your preference, you can do this a few different ways. 

• Mobile App

  • Download HealthyWage App

  • It takes about 30 seconds to complete

  • Private and secure

  • Use your scale

  • On-screen instructions guide you through the steps

• Verification Video

  • Make a video

  • Show the date

  • Calibrate the scale

  • Weigh yourself 

  • Upload it to your challenge dashboard

• Verification by a health professional

  • Have your weight witnessed by a health or fitness professional

  • Take VerifyMe! form to your health professional

  • Have your health professional complete the form

  • Scan or take a photo of the completed form

No matter which option you choose for your weigh-in or weigh-out video certification, HealthyWage aims to make it as easy as possible. 

Who founded HealthyWage?

David Roddenberry and James Fleming founded HealthyWage. The co-founders wanted people to create their weight loss program by offering cash, social motivation, and gentle peer pressure for people to lose weight. 

They also found (and studies show) that people are more committed to a weight loss journey when their money is at stake. 

Roddenberry had prior experience designing researched-based weight intervention programs for employers and consumers. 

James Fleming had prior experience designing weight loss programs for the world's largest employers and consumers. 

Together, they created the innovative HealthyWage, where people get paid to lose (weight)! 

Is HealthyWage.com legitimate?

Yes!

HealthyWage has testimonials from prior winners with their success stories. If you google the company, you can find many non-affiliated reviews and information about the HealthyWage program.

HealthyWage also has had extensive corporate clients who have competed in the challenge as a team. A Washington Post article followed Meritus Health on their employee's weight loss challenge journey.

The company also has an A+ rating through the Better Business Bureau (BBB). 

HealthyWage has been featured on Today Show, The Doctors, Good Morning America, The Washington Post, AARP, NPR, The New York Times, Women's Day, and more. 

Can you lose money with HealthyWage?

If you do not reach your goal weight, you are out of the money you bet. 

You can pay with a debit or credit card and choose how much you want to wager each month. You can pay the entire amount up front or spend each month. 

If you choose to pay monthly, HealthyWage will automatically charge your card in equal installments every month for the duration of your challenge. 

HealthyWage does not offer any refunds or cancellations. HealthyWage will suspend your challenge if you are pregnant, but they will not refund you. 

What do critics of HealthyWage say?

Some critics believe that weight wagering can prey on vulnerable people when the majority do not win their bet (only 25%-40% of people will win their wager). 

People with gambling addictions or eating disorders may significantly fall prey to these weight loss wager companies. 

The company also has a stringent no-refund policy.

How does HealthyWage make money?

HealthyWage makes money from:

• The bets that users lose (For example, you pay your wager and don't meet your weight loss goal)

• Paid sponsorships

• Administration fees

• Selling aggregated data to companies

What's the difference between HealthyWage and DietBet?

HealthyWage and DietBet require the competition to set their weight loss goal and bet money on themselves to achieve it. However, there are some differences between the two companies. 

DietBet has your bet be part of a pool with other people you may or may not know. There are different rounds to win, and there is a grand prize winner at the end. 

HealthyWage has the option to compete with yourself or a team. The rules are more straightforward, and you can input your starting weight and time frame, and HealthyWage calculates prize money for you if you choose to accept. 

Does HealthyWage work?

To date, HealthyWage has paid out millions of dollars, so plenty of people have had success with the program. Success rates vary, but 25% and 40% of participants win their bets.

A study conducted with 103 women concluded that financial incentives could effectively help weight loss and maintenance of weight and improve lipid profiles, blood sugar, and liver enzymes. 

Using motivational factors with proper training (diet and physical activity) will result in better.

Bottom Line

HealthyWage can be a great program to lose weight if you enjoy friendly competition and want the opportunity to earn money! You can do an individual challenge or a team challenge, which can make it fun.

The extra money you win could be used to pay for Christmas presents or go on that trip you've wanted to take, which can lead to more motivation.

Everyone has a personal weight loss goal, so why not get paid by eating healthier and losing weight?

Cheers to challenge success and to winning some money. Good luck, everyone!