25-06-2025
Your gym membership could become HSA-eligible under GOP tax bill
A provision of Republicans' massive tax and spending bill could help Americans meet their workout goals, by designating gym memberships as a medical expense.
Fitness companies are lobbying lawmakers for a larger piece of the nearly $150 billion that Americans have stashed in their Health Savings Accounts. HSAs — which allow people with high-deductible health plans to set aside pretax money to cover certain medical, dental and vision expenses — have skyrocketed in popularity since they came into being in 2004 as the definition of 'qualified medical expense' has expanded well beyond co-pays and prescription refills to include meal delivery services, sunblock, lip balm, electrolyte drinks, baby monitors and wearable health trackers.
