Personal Health Investment Today (PHIT) Act
What does that mean? Here is the take away from the news I have been following for you:
“ In a huge victory for America’s health, the U.S. House of Representatives approved the Personal Health Investment Today (PHIT) Act, which would allow the use of pre-tax savings accounts for physical activity-related expenses.”
Click on the following secure link to read the full article:
“PHIT will help families with various activity costs, including pay-to-play in schools, organized team sports, individual activities, camps, clinics, classes, tournaments and qualified equipment. PHIT will also help adults’ activity, as it includes gym memberships, fitness classes, personal trainers, recreational sports/activities and other eligible activity expenses.”
Yes, we are on our way. The PHIT Act may be passed by December 2018. You will be able to use pre-tax savings accounts to pay for your personal trainer, health classes and other physical activity expenses. This will give you a discount of up to almost 40% off your health and fitness costs.
Best of health to you and goodbye.
(image by Personal Trainer, Natalie aka NAPS 2 B Fit)