Several Federal lawmakers recently reintroduced the Personal Health Investment Today (PHIT) Act, a bipartisan legislation to allow flexible spending and health savings accounts (HSA) for physical activity products, services, and youth sports.
The 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.
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“As a former college football player and youth football coach myself, I’ve seen young Americans greatly improve their lives because they were able to join a team and play sports,” said U.S. Representative Mike Kelly. “This bill gives kids, especially those in underserved or low-income communities, a real chance to play the sport they choose. This isn’t just about athletics: it’s about gaining critical team-building and character-building traits that stay with kids for the rest of their lives. I thank the National Football League, National Hockey League, National Basketball Association, and Major League Baseball for supporting our efforts,” said Kelly.
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