Act Today to Get the PHIT Act Across the Finish Line in Congress
By Meredith Simmons
At MINDBODY, we’re passionate about improving the wellness of the world. That’s why we’re excited about the Personal Health Investment Today (PHIT) Act, a piece of legislation pending in both houses of the United States Congress. Designed to increase physical activity and fitness, the PHIT Act has the potential to help transform the health of all Americans.
In 2018, the PHIT Act passed the House of Representatives and almost made its way through the Senate, when the year-end government shut down stopped it in its tracks. It’s time to try again.
The PHIT Act has been making its way through Congress for the past decade, and it’s never been this close to passing. Keep reading to learn how you can help get it over the finish line.
What is the PHIT Act?
The PHIT Act would allow Americans to use pre-tax accounts like Health Savings Accounts (HSA) and Flexible Savings Accounts (FSA) to pay for qualified fitness expenses including memberships, classes and personal training appointments. The PHIT Act would allow taxpayers to place up to $2000 a year in existing Pre-Tax medical accounts for reimbursement of physical activity expenses, lowering the cost of living an active lifestyle for adults and children alike.
How will the PHIT Act be beneficial?
The PHIT Act could help save Americans 20 to 30 percent on yearly expenses related to physical activity—encouraging them to be more active and utilize health and wellness businesses like yours.
By encouraging more Americans to be active, the legislation hopes to decrease the rising costs of healthcare by focusing on the benefits of physical activity and making it accessible to more Americans.
Act today to help get this legislation passed.
To support this cause, ask your Senators and Representatives to support the PHIT ACT using a simple form found here.
You can also call or write to your Senators and Representatives. You’ll find their contact information here.
Where can I go to learn more about the PHIT Act?
Physical activity expenses can be costly, so we want to create a better system to give people nationwide access to improving their health and fitness. Help make this a reality by offering your support at the links above.
This blog post was originally published in June 2017.