Just recently I received an extra $250 in my paycheck, because my application for my health club reimbursement finally came through. I am still waiting on one for my wife, but I will continue to pursue that. This excellent little benefit that many employers are offering will save us $500 this year.
Many more employers and medical insurance policies are offering preventative medicine programs that help you and them save money. If you pay dues at a gym or health club, you may be eligible. My company offers a straight $250 reimbursement on gym fees in a given 12 month period. To receive the payout I had to submit an application with an official receipt or acknowledgment on my gym’s letterhead showing that I had paid $250 dollars in dues.
My company’s offering is quite a liberal program, as most require some amount of proof that you are actually benefiting from the gym membership. These requirements can vary, but usually consist of the health club proving that you went twice a week or some a set number of times a year, like 150.
I have seen actual refund amounts range from $150 – $350 dollars. For anyone that has a monthly gym payment, this can be quite a nice savings, and in some cases covering the whole membership.
If you have never heard of such a company benefit, don’t know if your employer offers it, or have never taken the time to file a the form, start by contacting the person or group responsible for benefits. Sometimes it is a straight company benefit, but often it is offered through your medical insurance.
It is definitely worth a few minutes to see if you can save any money from a health club/gym membership reimbursement.