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NWO Golf Links

WHAT IS THE PHIT ACT? IT’S H.R. 1218

The PHIT Act (Personal Health Investment Today) is pending

legislation that expands the IRS definition of a medical

expense to include physical activity as a form of prevention.

The practical impact of this definitional change would allow

taxpayers/consumers to use their pre-tax medical accounts

(HSAs & FSAs) on physical activity expenses to promote healthy

lifestyles. The PHIT Act is an innovative concept that fits with

two major Congressional concerns: (1) rising health care costs

(2) the budget deficit. The rise in sedentary lifestyles is a major

contributor to higher obesity rates and an increased incidence

of expensive, preventable chronic illnesses. The PHIT Act will

help reverse the ‘inactivity pandemic’/obesity crisis by providing

an economic incentive to invest in physical activity. If enacted,

physical activity expenses could be reimbursed using money in

pre-tax medical accounts.

HOWWOULD THE PHIT ACT WORK?

Currently, pre-tax medical accounts are primarily used for

reimbursement of medical expenses once you become sick.

The PHIT Act would allow taxpayers to place up to $2,000 a

year in existing pre-tax medical accounts for reimbursement of

physical activity expenses. By attaching a financial incentive to

a physically active lifestyle, it will result in improving the health

of Americans. The PHIT Act will put prevention in our health

care system and increase spending in the golf industry.

“The PHIT Act would allow funds to be applied to most golf

expenses, such as equipment purchases (clubs, bags, and

golf balls), tournament entry fees, greens fees, clinics, driving

range fees, golf shoes, and private instruction,

” says Jim Baugh,

founder, PHIT America, the non-profit cause working to get the

PHIT Act passed.

Golf is a lifelong

physical activity

that canmake

a difference

in the health

of Americans.

The PHIT Act

will encourage

increased

participation in

the sport.

MIKE MAY