Do you wish your gym membership were a little less hard on the wallet? It could be...
A new bill in Congress aims to help your family get healthier and save money while doing it. The Personal Health Investment Today (PHIT) Act would let Americans put up to $1,000 a year in pre-tax Health Savings Accounts (HSA) to pay for exercise programs, gym memberships, fitness equipment and sports-league fees for kids and adults. This could save you up to 30 percent on your family's exercise-related costs -- That's about $300 per year.
The bill, which was introduced this year by Congressman Jerry Weller (R-IL), has been referred to the House Committee on Ways and Means for hearings. Sign the petition on FitnessMagazine.com to help persuade the committee chairman to schedule the hearings and propel the bill forward.
I did it and it takes about 30 seconds.