A provision that would've allowed fitness purchases to qualify as tax-free healthcare expenses wasn't included in the Senate-passed version of President Trump's tax bill.
The Senate has effectively removed the PHIT Act from the tax bill moving through Congress, a major blow to the American fitness industry.
The Health & Fitness Association says the bill marks a “significant milestone for the fitness industry” in its quest to pass the PHIT Act.
Fitness industry leaders showed up to Washington, D.C., in bigger numbers than ever before to push for passage of the PHIT Act.
ABC Fitness and Truemed have partnered to unlock healthcare funds for tens of thousands of Americans at nearly 10,000 gyms.
Truemed is helping pioneer the fitness-as-healthcare movement, partnering with brands including Peloton, CorePower Yoga and Anytime Fitness.
Nearly one-third of Americans say financial woes may prevent their fitness and health ambitions this year, as HFA advocates for solutions.
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