PHIT Act
The PHIT Act (Personal Health Investment Today), will expand the IRS’ definition of qualified medical expenses to include physical activity, according to IDEA Fitness Journal October 2015 issue.
If this bill passes, the PHIT Act would allow consumers to use pre-tax medical accounts like Flexible Savings Accounts and Health Savings Accounts to pay for physical activity expenses. Currently, most people can only use these funds to pay for medical exams, doctor visits, prescription drugs, and physical therapy, and various treatments and screenings, according to IDEA.
This would be huge in our fight against obesity through physical activity for personal trainers and other fitness professionals. IDEA goes on to say the Personal Health Investment Today Act would not only benefit the working consumer (the employee), but it would also for their families.
Melissa
OptimumCondition.com
(619) 252-4993
Empowering people through fitness, education, and coaching
