
Like many young millennials, I am a bit of a maximizer. I look for the shortest queue at the supermarket. I try to fit in just one more errand en route to a brunch date, so I don’t have to walk back across town later (I’m often just a smidgen late). And I try to max out my fitness benefit that my work provides me.
Rather than simply paying for your gym membership, like many start-ups these days, my corporate office offers a more flexible 75% refund of up to $500 total in fitness spending per year. Rather than throw it all at a ClassPass that I would underutilize during my erratic travel schedule (that wouldn’t be very good maximizing…), I decide to spend it piecemeal. $150 on a new iWatch (it hurt a little when they came out with version 2.0 a few months later…). $50 on some yoga equipment. And then, I was left to wonder with my remaining $300, what expenses qualify?
I remembered some completely miscellaneous items on a list from when I first joined the company, and the dire complaints of a colleague who couldn’t get his form roller reimbursed (“How is this not fitness equipment?!” he balked). So I knew they were pretty selective about what got through. I decided it was time to do a bit of research.
Unfortunately my intranet pointed me to the WageWorks helpline. I call, and proceed to navigate through the touch-tone. I finally reach a human that asks me the same questions as the automated recording. “What are the last four of your social?” I give them to her. “But that’s not what I see in the system!” she practically gasps. “What does that have to do with my question?” I ask. Indeed, clearly whoever writes these call scripts is not a maximizer themselves. If this were a consultant’s dreamland, I could magically inspire Jedi-like focus within her on how to minimize the time of both the callee and caller are on the phone. I’d waive my hand like Obi-Wan, and say in a soothing voice, “You want to cut out the unhelpful form-filling and answer questions as quickly as possible.” “Yes,” Susan would say, “How can I help?”
Finally, after 20 minutes of help line circles, I learn that nothing intuitive seems to count as exercise. “Does Citi Bike [bike sharing] qualify?” “Yes.” Most places would count that as a commuter benefit, but I was happy to take it. “What about roller blades?” “No, that does not qualify”.
She then points out that all of this stuff is on their website. “Oh!” I say, “I’ll have a look for that.” Of course it wasn’t on the public WageWorks website. It was squirreled away on a private login site hidden within the intranet.
In support of all maximizers out there, I have provided the list of WageWorks qualifying expenses below. This list can vary by employer, but this is a good starting place. Nutritional counseling is in. Swim classes are out. Logic be damned.
Description |
Covered |
Benefit |
Max Benefit p.a. |
Activity Tracker or Smartwatch (once every 3 years) |
Yes |
75% |
$150 |
Any expenses not explicitly listed |
No |
|
|
Bike Sharing Memberships (Monthly or Annually only) |
Yes |
75% |
$500 |
Dance Class |
No |
|
|
DVD/Exercise videos |
Yes |
75% |
$500 |
Exercise Class |
Yes |
75% |
$500 |
Fitness Center, Club or Studio Membership |
Yes |
75% |
$500 |
Fitness Counseling |
Yes |
75% |
$500 |
Fitness games for game consoles |
No |
|
|
Form Rollers |
No |
|
|
Golf Lessons (including those from a country club) |
No |
|
|
Golf or Country Club Membership |
No |
|
|
Gym Membership |
Yes |
75% |
$500 |
Health Center or Club Membership |
Yes |
75% |
$500 |
Health Spa Membership |
No |
|
|
Home Fitness Equipment |
Yes |
75% |
$500 |
Initiation Fee (for covered services) |
Yes |
75% |
$500 |
Inversion Table |
No |
|
|
IWatch with tracking capability |
Yes |
75% |
$150 |
Jogging Stroller |
No |
|
|
Karate |
Yes |
75% |
$500 |
Kick Boxing |
Yes |
75% |
$500 |
Locker Service |
No |
|
|
Martial Arts |
Yes |
75% |
$500 |
Massage Services |
No |
|
|
Medical Expenses / Medical Copays |
No |
|
|
Monthly billing fee (for covered services) |
Yes |
75% |
$500 |
Mountain/Road Bikes (One every five years) |
Yes |
75% |
$500 |
Nutrisystem |
No |
|
|
Nutritional Counseling |
Yes |
75% |
$500 |
Online Classes |
Yes |
75% |
$500 |
Personal Trainer |
Yes |
75% |
$500 |
Pilates |
Yes |
75% |
$500 |
Race Fees |
Yes |
75% |
$500 |
Registration Fee |
Yes |
75% |
$500 |
Rock Climbing |
Yes |
75% |
$500 |
Shoes and Apparel |
No |
|
|
Smart Watch with tracking capability |
Yes |
75% |
$150 |
Smoking Cessation Products |
No |
|
|
Spa Membership |
No |
|
|
Spin Classes |
Yes |
75% |
$500 |
Swim Club Membership |
No |
|
|
Swimming Lessons |
No |
|
|
Tae Kwan Do |
Yes |
75% |
$500 |
Tai Chi |
Yes |
75% |
$500 |
Tennis Club Membership |
No |
|
|
Tennis Lessons (including those from a Country Club) |
No |
|
|
Towel Service |
No |
|
|
Weight Watchers Meals |
No |
|
|
Weight Watchers Registration Fee |
Yes |
75% |
$500 |
Wireless Activity Tracker (once every three years) |
Yes |
75% |
$150 |
Yoga |
Yes |
75% |
$500 |
Yoga/Workout Mats |
Yes |
75% |
$500 |