WASHINGTON, D.C. — U.S. Senator Shelley Moore Capito (R-W.Va.) joined her colleagues in reintroducing the Personal Health Investment Today (PHIT) Act—legislation led by U.S. Senators John Thune (R-S.D.) and Chris Murphy (D-Conn.). This bipartisan, bicameral legislation would encourage physical activity and incentivize healthier living by allowing Americans to use a portion of the money saved in their pre-tax health savings account (HSA) and flexible spending account (FSA) toward qualified sports and fitness purchases, such as gym memberships, fitness equipment, and youth sports league fees.
“As an athlete myself, maintaining physical fitness has always been a priority,” Senator Capito said. “I’m proud to team up with my colleagues to help introduce this legislation, which allows West Virginians and all Americans to have the opportunity to prioritize their own fitness goals by making sports, gym memberships, and at-home fitness equipment more accessible and affordable through their HSAs.”
Qualified expenses do not include: private clubs owned and operated by members or clubs with golf, hunting, sailing, or riding facilities. In the case of sports equipment (other than exercise equipment), reimbursement for a single item cannot exceed $250, and these pre-tax dollars cannot be used for general fitness apparel or footwear.
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