WASHINGTON – U.S. Senator Kevin Cramer (R-ND) joined Senators John Thune (R-SD) and Chris Murphy (D-CT) today in introducing the Personal Health Investment Today (PHIT) Act, bipartisan legislation to encourage more physical activity in the United States and incentivize healthier living by allowing Americans to use a portion of the money saved in their pre-tax health savings account (HSA) and/or flexible spending account (FSA) for qualified sports and fitness purchases like gym memberships, fitness equipment, and youth sports league fees.
“Helping Americans improve their physical health and wellbeing has far-reaching benefits for our country,” said Senator Cramer. “Our bipartisan bill gives Americans more control over their savings and encourages them to make healthy choices, get active, and hopefully avoid the onset of costly consequences of unhealthy living.”
Under the PHIT Act, 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.
Senators Cramer, Thune, and Murphy are joined on the legislation by Senators John Barrasso (R-WY), Shelley Moore Capito (R-WV), Angus King (I-ME), Lisa Murkowski (R-AL), Mike Rounds (R-SD), and Roger Wicker (R-MS).
Click here to read the bill.