In this set of studies, we conduct an initial validation of the Implicit Psychological Capital Questionnaire‐Health (IPCQ‐H), a short, easy to administer and score measure of psychological capital designed to reflect implicit schemas or cognitions surrounding one's health. The results of two studies demonstrate that the implicit measure of IPCQ‐H is correlated with an explicit PsyCap‐Health measure (PCQ‐H), but has very little construct overlap with measures of personality. Moreover, scores of the IPCQ‐H were stable over time. Study 2 documents the predictive validity of the IPCQ‐H with a number of physical and mental health outcomes. Implications for theory and practice are discussed.