HealthyCapital provides a groundbreaking behavior-modification system that seeks to increase individual life expectancy and lower annual medical expenses through real-time data analysis. In simple terms, the application shows how getting healthy is not only good for the body, but also for the bank account (and ultimately, long-term financial goals).
How it works…
Utilizing basic information (gender, age, height/weight, etc.) and behavioral inputs (tobacco use/regular exercise), the application will project a person’s risk of acquiring the following conditions:
- Hypertension (High Blood Pressure)
- Type 2 Diabetes
- Hyperlipidemia (High Cholesterol)
The system’s proprietary algorithms then furnish individuals with actuarial-backed projections, showing the substantial impact simple behavior modifications (such as taking prescribed medications, losing two pounds, or lowering their sodium intake) can have on life expectancy, annual pre-retirement healthcare costs, and additional disposable income. Virtual coaches provide users with ongoing behavior-modification support through text messaging to ensure program success.
Once individuals are presented with projected life expectancy increases, annual healthcare cost reductions, and additional disposable income, they may choose to invest the savings toward a happier, healthier lifestyle. Whether the goal is saving for a vacation or planning for a more financially secure retirement, investment vehicles are seamlessly integrated into the application so that users can track progress of financial goals.
Combining clear financial incentives with increased longevity is a powerful motivator that encourages people to make healthier choices – especially when the changes are simple, manageable, and easy to understand.
Ultimately, HealthyCapital strives to help people live happier and healthier before and during retirement.