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Take Action on the

Personal Health Investment Today Act (PHIT)

America Needs to GET PHIT!

Tell Congress you support the reintroduction of the PHIT Act

 

What Is PHIT?

  • Legislation pending in Congress to allow for reimbursement of physical activity expenses using pre-tax dollars.
  • Reduces the costs of physical activity to encourage healthier lifestyles.

 

Why Is PHIT Important To Healthcare Reform?

  • Healthcare spending continues to rise at an alarming rate. Medical expenditures account for 17% of the money generated by the U.S. economy. By 2015 the U.S. will spend $1 of every $5 ($4 trillion) on medical expenses.
  • A top priority of healthcare reform is to reduce spending. The World Health Organization reported that in the U.S. an investment of $1 in physical activity leads to $3.20 in medical costs savings.
  • With 20% of the population accounting for 80% of health costs, prevention of costly chronic diseases is critical to reform efforts. Increased physical activity will improve health by preventing illness to lower medical spending.

 

How Does PHIT Work?

  • Currently pre-tax medical accounts are primarily used for reimbursement of medical expenses once you become sick. PHIT would allow taxpayers to place up to $2,000 a year in existing pre-tax medical accounts for reimbursement of physical activity expenses; lower costs will promote active lifestyles and improve the health of Americans.

 

What Physical Activity Expenses Would PHIT Cover?

The activities eligible for pre-tax reimbursement under PHIT include:

  • Youth & Adult Sports League Fees
  • Health Club Membership Dues
  • Exercise Classes & Personal Trainers
  • Sports & Fitness Equipment (used exclusively for participation in physical activities)
  • Youth Camps
  • Organized Running Event Registration Fees
  • Martial Arts, Gymnastics & other physical activities
Kai Sommer ist einer von wenigen echten praktizierender Experte im Bereich Gesundheit und Medizin. Er ist bereits seit über 7 Jahren für die Artikel auf Ncppa.org verantwortlich. Seine Artikel haben einen einzigartigen Expertenstatus, was seine Leser auch sehr zu schätzen wissen.

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