Don’t Forget Your Health Club Membership Reimbursements
Posted on September 13, 2007
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.
» Filed Under Fitness, Money Savers
Trackbacks/Pings
- Carnival Of Personal Finance #118: Fun Money Facts Edition on September 17th, 2007 5:25 am
- AskDong » Articles from the Carnival of Personal Finance #118 on September 17th, 2007 5:13 pm
Comments
4 Responses to “Don’t Forget Your Health Club Membership Reimbursements”
- SavingWithMe (4 comments.) on September 14th, 2007 9:54 am
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Joe Broni (1 comments.) on
September 16th, 2007 11:25 pm
This is something I really need to look in to. If my company will reimburse me for my gym membership, that’s great!
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I had heard about the gym membership being reimbursed by health insurance but had never looked into it. I fired off an email to my HR to see if our insurance or company has a provision for it. Good tip!