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 life expectancy and annual healthcare costs for individuals. It will also recommend simple behavior modifications (like reduce your salt intake) that will increase life expectancy and decrease annual healthcare costs. The application focuses on the following conditions:
+ Hypertension (High Blood Pressure)
+ Type 2 Diabetes
+ Hyperlipidemia (High Cholesterol)
The app then allows users to invest the savings incurred from becoming healthier into a savings account or long-terms savings vehicle (Such as a 401(k) or HSA). 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.
Virtual coaches are also available to provide users with ongoing behavior-modification support through text messaging to ensure success throughout the journey to healthier behaviors.
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 gains 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 lives before and during retirement.