The PHIT Act is legislation pending in Congress which will allow Americans to use pre-tax medical accounts to pay for physical activity expenses. The PHIT Act will provide an incentive for adults and their children to get physically active which will help prevent healthcare costs related to preventable chronic diseases.
Currently, pre-tax medical accounts are primarily used for reimbursement of medical expenses once you become sick. The PHIT Act will allow taxpayers to place up to $2,000 a year in existing pre-tax medical accounts for reimbursement of physical activity expenses. Lower costs to be physically active will promote active lifestyles and improve the health of Americans.The PHIT Act will put prevention in our healthcare system. Basically, what we have today is "sickcare.” The PHIT Act will help promote "wellness care." which is true healthcare.
The activities eligible for pre-tax reimbursement under the PHIT Act could include:
There is excellent, bipartisan support for the PHIT Act in Congress. It needs to be brought to the floor for both the House and Senate. Please contact your members of Congress to support the PHIT Act.