Who Is HealthyWage for?
As you’ll soon learn from our in-depth HealthyWage reviews, this platform is ideal for individuals who want to lose weight and get paid to do so.
Namely, HealthyWage is an online platform that challenges you to earn money while losing weight. You can join single and group challenges and win up to $10,000 within 18 months.
HealthyWage is available to all US residents, as well as the UK, Canada, the European Union, Latin America, Australia, Asia, and most non-EU Europe residents.
However, to partake in the challenges, you must be older than 18.
What Is HealthyWage?
Money is not absolutely everything in life, yet it can be a great motivator, especially when it comes to weight loss. That’s what David Roddenberry and Jimmy Fleming thought when they created HealthyWage in 2009.
Their main idea behind this weight-loss wagering app was to motivate people to lose weight by providing cash awards and social encouragement.
Their approach was based on research which shows that even modest financial rewards may improve a person’s chances of weight loss. People are also more successful at shedding pounds if their own money is on the line.
HealthyWage has a stellar track record of assisting people in losing over 2 million pounds and winning more than $3 million due to their weight-loss challenges.
To reap the weight loss rewards, you need to go over the following four steps:
- Calculate your reward using the Prize Calculator
- Make your bet
- Lose the weight
- Win money.
How to Calculate Your Reward
Using HealthyWage’s Prize Calculator is straightforward. First, you need to select your weight loss goal (from 1lbs to 200lbs). The calculator will then automatically calculate how much money you can win.
Keep in mind that you need to lose at least 10% of your body weight. For example, if your starting weight is 160 pounds, you’ll have to set a goal to lose a minimum of 16 pounds.
Next, use the HealthyWage calculator to select the amount of time you are willing to put into the challenge. You can choose a minimum of 6 months and a maximum of 18 months.
And lastly, you will have to set the monthly amount you want to bet ($5–$995). The award will vary up and down based on your parameters.
For example, if your goal is to lose 50 lbs in 6 months, and your weight loss bet is $20 per month, you’ll be able to win anywhere between $131 and $402.
In other words, if you invest $120, you could end up with twice as much. This sounds like a great deal knowing how we waste about $397 million on unused gym memberships annually.
Entering Your Statistics
Once you’ve done the math, you will be transferred to the next step, where you’ll be asked to put your current weight and height, select your gender, and answer a few questions about your motivation (I want to lose weight to feel younger, to improve health, etc.).
You will also be able to see your weekly weight loss plan. For example, if your goal is to lose 50 lbs in 6 months, you’ll have to lose 2.1 pounds per week.
Verifying Your Weight
To start the challenge, you must verify your initial weight. You can do this via video verification, using the HealthyWage mobile app, or by uploading the video to your HealthyWage account. You can also get verified by a health or fitness professional.
Regardless of your choice, your weight information will be kept confidential and viewed only by HealthyWage personnel.
You should also wear a tank top or t-shirt and shorts and empty your pockets. Shoes, belts, and coats are not allowed.
The video must be unedited. It must show a precise date and your exact weight on the scale. You are basically submitting a 30-second video of stepping on and off the scale.
When it comes to HealthyWage second verification, it will be required at the end of the challenge.
Claiming the Prize
Once you successfully hit your goal, you’ll have to do the following to claim your prize:
- Measure your weight at the end of your challenge. You can do this anytime during a two-week period.
- Upload a photo of your ID and provide an electronic signature to verify that you’re not cheating.
- You might have to fill out a Form W-9.
- Choose one of the two HealthyWage payout methods: PayPal or check.
- Get your cash (within three days if using PayPal, within seven days if using checks)
After winning a challenge, you’ll receive HealthyWage points. Each point amounts to $1. You can use these points to request your money reward or use them to join another challenge.
If you decide to collect your reward in the form of money, you should keep in mind the following fees:
- A $7.00 processing fee for a paper check
- Paypal fee of 2.9% + 30 cents
However, you will lose your bet money if you fail to win the challenge. Furthermore, HealthyWage doesn’t provide any weight-loss advice. In order to succeed, besides hitting the gym, make sure to talk with a health professional.
To participate in HealthyWage weight loss challenges, you’ll have to follow specific rules:
- No cheating.
- Unhealthy tricks to win the challenges (such as starvation, deliberate weight gain, etc.) are prohibited.
- Any illegal activities are prohibited.
- No harassing other players.
- You cannot participate while pregnant (if you get pregnant during the challenge, you are permitted to postpone it until a later date).
- You cannot have surgery during your challenge(s) (including bariatric, liposuction surgery, or any surgery that will make you lose more than 5 pounds).
Next, in our HealthyWage review, we’ll discuss the platform’s main features.
A Variety of Single and Team Challenges
HealthyWage offers its users to participate in up to 10 single and team challenges at once. There are two main types of challenges — Jackpot and Step challenges.
When you participate in the Jackpot challenges, your registration fee is placed into a pot. If you (or your team) achieve a 6% weight loss by the end of the challenge, you will win the main Jackpot. The entry fees and the winning prize will depend on the challenge.
For example, for the Scorching Calories Jackpot Challenge, the entry fee is $33.33 per month (for three months), while the main prize amounts to $5,400.
Step is another HealthyWage challenge that is available for both individuals and teams. The main idea behind this challenge is to improve your daily step counts. To win, you have to increase your daily steps by 25%.
Again, your registration fee will go into the pot, and once you achieve your goal, you’ll win a share of the pot.
What’s best, HealthyWage allows you to build your own customizable challenge. The rules are the same as the Jackpot challenge. The fees go into the pot, and the winner needs to lose 6% or more of their body weight.
$10,000 Team Challenge
To participate in HealthyWage’s $10,000 Team Challenge, you have to sign-up with a team of five people. The team that loses the highest body weight percentage will win the $10,000.
A $40 Referral Program
Besides helping you lose weight and win money, HealthyWage also offers a generous referral program. To earn $40 per referral, you need to send invitations to your friends via email, social media, or referral links.
You’ll find this option on your dashboard under “Get Paid to Refer Friends” for PC users and “Boost My Prize” for mobile app users.
HealthyWage is a weight loss bet app that offers numerous individual and team challenges to help motivate people to reduce their weight and get rewarded. Furthermore, you get to set your own goals and timeline and connect with other HealthyWage members for additional support.
Winning the challenge can get you up to $10,000. However, if you fail, you will lose your wager, so be realistic about your weight loss goals.
Pros & Cons
- Motivates you to lose weight via cash rewards
- You can win up to $10,000
- Individual and team challenges
- You set your own goals
- You can participate in multiple challenges
- Losing money if you fail the challenges
- No refunds
Is HealthyWage legit or not?
Yes, HealthyWage is a legit company with an A+ rating on the BBB. The company was also featured on Fox News, ABC, NBC, the Washington Post, and Time.
How much does HealthyWage cost?
HealthyWage is a free platform that can be used by everyone over 18 years. In fact, you set your own bets each month, from a minimum of $5 to a maximum of $995. The bigger your bet, the greater your cash prize will be.
However, there are some fees to keep in mind. Namely, if you win the challenge, you’ll be subject to a $7.00 processing fee (if using paper checks) and a 2.9% Paypal fee (+30 cents).
Do you pay HealthyWage if you don't lose weight?
Yes, if you fail to complete the challenge, your bet money will go to HealthyWage to support people who win.
How does HealthyWage verify your weight loss?
HealthyWage verifies your weight loss via video. You can make a video using HealthyWage’s mobile app or upload it directly to your HealthyWage account.
You will have to verify your weight twice, at the beginning and the end of the challenge. As we already mentioned in our HealthyWage reviews, you are not allowed to cheat (no coats, shoes, or belts).