January 22, 2008 11:22 AM Subscribe
Why don't insurance companies cover or help cover gym memberships?
posted by MrMulan to health & fitness (24 answers total) 2 users marked this as a favorite
I have had multiple jobs, and exactly 1 offered $300 if you went to the gym for a certain number of times every quarter.
Is it the insurance company that offers the benefit or the employer that needs to insist on it? (and probably pay a premium for the privilege)
Are there any reasons insurance companies shouldn't do this, or have the bean counters (accountants) already crunched the numbers, and figured out that the cost involved in running the program, tracking the participants, and issuing the reimbursements does not result in lower health care costs?
But then aren't the few companies who offer it (Cigna?Oxford?) not meeting their fiduciary obligations to their shareholders? Or are their bean counters using a different accounting formula to show a savings to the company in reduced health care costs?