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Fitness Reimbursement & Silver Sneakers Programs

One of the most overlooked aspects of financial planning - whether you are Retired, Baby Boomer, Gen X, or Millennial - is also the most obvious: an exercise program. Regular exercise under your doctor's supervision can help minimize the major financial risk of poor health. Most of us do not exercise regularly and 1/3 third of Americans don't exercise ever! See a Clark Howard post on this here

Simply walking 3 times a week for 20 minutes can yield major benefits, and it is free. A gym near your home is an excellent way to do this in a more comprehensive way, and often a simple financial incentive is all that is needed to get going. Health insurance companies now realize that it is a win-win to incentivize their customers to regularly exercise, as prevention is far cheaper than the cost of medical procedures.

Many major health insurance companies now offer a Wellness Fitness Reimbursement Program for eligible members who visit a participating fitness facility on a regular basis. For example, our UnitedHealthcare plan reimburses us $20 each month we visit the Mount Dora Golds Gym 12 or more times. Our visits are automatically tracked when we swipe our ID & the reimbursement is direct-deposited into our bank account, which covers the $20 monthly membership cost (free).

For those already retired, check out the SilverSneakers Fitness Program offered by leading Medicare health plans and Medicare Supplement carriers throughout the country. “SilverSneakers”provides a free fitness center membership to participating locations across the country. More information is available here

Be sure to consult with your physician before beginning any fitness program, but remember that the regular exercise can be as critical to your wallet as your health.

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Greenlee, Kurras, Rice, Brown
Certified Public Accountants
627 N Donnelly Street, Mount Dora, FL 32757

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