Getting fit has always been a difficult one on its own but one thing that has consistently come up is the fact that it costs a fair amount of money. Assuming that someone is going to a gym, they'll need to dish out hundreds of dollars just in membership fees over the next year.
A new bill, known as Personal Health Investment Today (PHIT) Act, that the Sports and Fitness Industry Association (SFIA) is trying to get passed would essentially reduce that cost. This means that anyone who might not be able to afford to get fit could get fit for a lower cost. This means that many people could find themselves becoming more fit simply because they're getting a really good deal on a membership.
The bill was actually just passed by the U.S. House of Representatives Committee with a whopping vote of 28-6. However, this doesn't mean that it is now the rule of law, it's instead of being part of a larger vote on the health savings account. That secondary vote is going to be happening later this month.
The interesting thing is that the money is going to be a thousand pre-tax dollars. This can be used for things such as equipment, gym memberships and more. However, it's not just cash you blow.
This money will be coming out of your paycheck. How it would work is simple, you just would not get taxed on that specific amount that you're allowed to use for getting fit. The system also comes off as rather similar to the flexible spending account and health savings account.
Incentives like these are no new surprise and have actually been around for a good while. Some gyms even give back some money every time you go for a certain amount of time. This means that it can technically cost you less for your gym membership in these specific cases.
Something like this is great for anyone that can't afford a gym and might only be making ends meet. This is not something that many people would want to do on their own, with less money in their pockets. One cool thing is that this is just another way of keeping people who live sedentary lifestyles fit.
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