Skip The Gym? Pay Up.

06:58

January 25, 2011

Boot camp fitness instructor Farrah Thompson, leads Airmen and civilians in a fitness class at an Air Force base. (U.S. Air Force photo by Senior Airman Kenny Holston)(Released) — Boot camp fitness instructor Farrah Thompson, leads Airmen and civilians in a fitness class at an Air Force base. (U.S. Air Force photo by Senior Airman Kenny Holston/Flickr)

Some businesses will pay you to work out and stay in shape. For real. The basic idea is if you're working out, you're healthy, and therefore you cost your boss less money in health care costs.

A couple of Harvard grads have gone one step further. They have agreed to take your money if you don't work out. That's right — you pay them for being lazy.

It's called Gym-Pact. We speak with co-founder Geoff Oberhoffer to find out how it works.

Guest:

Geoff Oberhoffer, co-founder, Gym-Pact

More:

Boston.com: Harvard grads turn gym business model on its head; fitness plan members pay more if they don’t work out

This segment aired on January 25, 2011.