Insurance Agencies Are Subsidizing The Cost Of The New Apple Watch- But There’s A Catch!

Fitness trackers have been around for awhile, but they have been strictly personal tools that people buy themselves to try to stay healthy. While there isn’t any data on whether or not these tools actually keep people healthy over a long period of time, they are proven to get new users up and moving around, which is the first step to a healthier future.

It looks like health insurance companies have picked up on this, and have decided to enter the 21st century by providing subsidies to their customers for Apple Watches. 


People with John Hancock insurance or Aetna will be able to get a new Apple Watch Series 2 for just about $25, but there’s a catch. Insurance companies have a vested interest in doing whatever keeps their customers healthy because it will cost them less to insure them down the road. To that end, the companies are setting fitness goals that their customers have to meet while they have the watch. If they do, that $25 is all they’ll have to pay.


However, if you get the Apple Watch and aren’t active enough, you’ll have to pay a monthly fee on the device over the course of 24 months that will basically amount to you paying the original price for it.

Not only are these companies using new technology to motivate their customers to stay happy, but they are adding a financial incentive on top of it. If you stay active and healthy, you get an extra bonus of a high tech piece of wrist-wear for only $25. However, if you flub on your goals, you have to pay the original price of the watch.

Sometimes it’s hard to go for a walk when I know I should, but if someone is going to charge me money if I don’t, you better believe I’ll be hitting the pavement pretty fast!


Financial Expert Shares One Piece Of Advice Everyone Should Know

Being financially independent for the first time in your life feels amazing one minute and terrifying the next. It’s exhilarating to realize you are beholden to no one, and then you realize that there’s no one to help you if you stumble. However, recently financial expert Farnoosh Torabi sat down with Business Insider for a FB Live Interview and postulated that maybe we think about this all wrong. She thinks that instead of being worried that you are your only resource, you should consider that thought “empowering.”


Torabi thinks that it’s good for her to remember that the tools that she, as an expert for more than a decade, uses on a daily basis are sometimes taken for granted. Not everyone has a 401k or an IRA, and many of us are struggling with debt. When she talks to people who worry about balancing their expenses on a small income and still providing for the future, she likes to tell them to remain flexible and openminded.  “You actually do have the ability to go out there and find your fortune, and work hard, and find resources for yourself and tap into them, and create your own wealth.”


Those of us who have worked minimum wage jobs for an extended period of time may think that Torabi views the world through privileged rose-colored glasses, but she thinks that people need to truly believe in their capability to become wealthy (or find happiness in personal relationships, or succeed in their careers) before they can actually do so. She knows that many may not share her views, but says that for her, wealth and success are firmly rooted in the belief that you can reach them to begin with.