Bob’s Budget-Savvy Secrets, November 2024
Maximizing your group health insurance can lead to significant savings. By utilizing digital tools and incentives provided by your insurer, you can not only improve your health but also save money. Here is a personal note from one of our employees that highlights how to achieve this:
“I downloaded the UHC app on my phone and bought a smartwatch, linking it with the app. You get money for activities! You can set goals and input all your health parameters like weight and weight goals, how many steps a day you want to accomplish, etc. You get money for being active for 30 minutes a day and money for buying and linking a smart watch. It counts your steps and reminds you to get up after being inactive for a long period. If you reach certain goals, you get money. So far, I have gotten $242.25 to go towards my claims. You can file a claim through the app, and they will pay it out of the balance.”
This note illustrates how integrating technology with your health insurance can lead to substantial savings. Here are five key ways to maximize your savings based on this experience:
Tips to Maximize Your Savings:
- 1. Use Health Apps: Download health apps provided by your insurer, like the UHC app, to track your activities and health metrics. These apps often offer financial incentives for staying active.
2. Invest in Wearable Technology: Buying a smartwatch and linking it with your health app can help you earn money for daily activities and health goals. This initial investment can pay off in the long run.
3. Set and Achieve Health Goals: Regularly setting and meeting health goals, such as daily steps or weight targets, can earn you rewards. These rewards can be used to offset medical expenses.
4. Stay Active: Engage in at least 30 minutes of activity daily to earn financial incentives. This not only improves your health but also adds to your savings.
5. File Claims Through the App: Use the app to file claims and utilize the balance earned from your activities. This simplifies the process and ensures you make the most of your earned incentives.
By following these tips, you can leverage your group health insurance to save money while maintaining a healthy lifestyle. Embrace the technology and incentives offered by your insurer to maximize your savings and health benefits.
