5 Absurd (UnHealthy) Tax Deductions

Get your W-2s, 1099s and 1040s ready. April 15th is right around the corner!

Unfortuntely Health Club Memberships are not tax-deductible (in most cases); however, Congress has found plenty of ways to reward those that engage in unhealthy activitives.

Here are the Top 5 Absurd (UnHealthy) Tax Deductions

How many pull-ups is a female Marine required to do?

The answer, starting next January: a minimum of three, the same number required of male Marines.

If anyone thought the military’s decision to allow women into combat units would lead to exceptions for women when it came to fitness and physical strength they were mistaken...

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The Strange Relationship Between Pro Sport Leagues, Athletes, and Adderall

How does Adderall affect athletes and their performance? Should it be banned as a performance enhancer? What about athletes who need it for psycholgical purposes? There's no easy answer to this tricky issue.

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Fixing NY Medicaid

The government may alter Medicaid to include behavioral and dietary incentives. Too much governmental control?

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Unbuyable: CrossFit Inc. Avoids Anthos Capital's Bid to Buy Half of Company

What could possible get in the way of the successful momentum of CrossFit, the fastest-growing exercise program in the world today? Drama ensues as the ex-wife of CrossFit's founder fights to sell her 50% stake in the company.

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Petition The United States Congress

Petitioning The United States Congress: Make Health Club Memberships Tax Deductable

Exercising regularly reduces the risk of Heart Disease, Osteoporosis, High Blood Pressure, Depression, Cancer and many other ailments and diseases.

Making Health Club membership expenses tax-deductible will not only benefit Americans by encouraging exercise and a healthy lifestyle but will also reduce the deficit by lowering Medicare and Medicaid costs.
Michelle Obama (D) and Paul Ryan (R) have both attested to the positive impact exercise plays in their lives. Let’s all come together and support this initiative to make America healthier.

In good health,
George Weisgerber

Several Insurance Companies Reimburse Gym Memberships

Some in the insurance industry understand that prevention is less expensive than curing the medical issues which stem from poor health.  Case in point, United Health Care is reimbursing members and their spouses up to $240 per year for their gym membership costs.And they aren’t the only ones; Cigna, Tufts, and Neighborhood Health Plan also offer reimbursement plans.


Check with your carrier to see what they offer, or check out the websites below for more information.

http://www.uhctogether.com/uhcwellness/16181.html
http://www.tuftshealthplan.com/
http://www.cigna.com/
http://www.nhp.org/SiteCollectionDocuments/PDF_Members/FitnessReimbursementForm.pdf