If you work for certain employers — or have life insurance from a certain company — you might have a shot at a $25 Apple Watch.
This week the Vitality Group, a company that provides wellness programs, announced a new program that will give eligible workers “the opportunity to earn an Apple Watch simply by being more active.”
The Associated Press reports that means they can buy a $350 Apple Watch for $25 — if they meet exercise goals for two years. Otherwise, they will end having to pay a higher price for the device.
Amgen, DaVita HealthCare Partners and Lockton will be among the first employers in North America to offer this program to their employees. The Vitality Group reports that the program will be made available to consumers later this year through John Hancock Life Insurance Company.
Also this week, UnitedHealthcare announced a new wellness program of its own.
Participants will receive free fitness trackers and will have the opportunity to earn up to $1,460 per year in credits by meeting certain goals for the number of daily steps.
Dr. Sam Ho, chief medical officer of UnitedHealthcare, says in a news release:
“Employees can improve their health by walking each day and earn financial rewards at the same time, using secure technology that is simple, intuitive and convenient.”
This program is designed for UnitedHealthcare plan participants enrolled in high-deductible health plans and is currently available to employers and their employees in 12 states and Washington, D.C. Additional markets will be added this year.
Would you be willing to wear a device that tracked your fitness habits in exchange for the opportunity to lower your insurance costs? Let us know how you feel about the idea below or on our Facebook page.