• PHIT helps take some of the financial burden off youth sports parent's, by allowing you to save money on expenses for the exclusive purpose of participating in youth sports/physical activity

Cost Barrier

• The Cost barrier to youth sports has risen to Avg almost $900 per sport annually - Aspen Institute 
  

• University of Michigan Mott Children's Hospital National Poll on Children's Health found that "only 30 percent of students in families with annual household incomes of less than $60,000 played school sports, compared with 51 percent of students in families that earned $60,000 or more a year,"

• Median Household Income of HSA Account holder $57,060...below median income level of $59,039 in U.S. (Alegeus 2018) 

How?

• PHIT will enable individuals to use up to $1,000 per year - up to $2,000 for families - to cover physical activity-related expenses.
• Money will be placed in pre-tax accounts such as HSAs, FSAs & HRAs
• Consumers(you) will save 25-37%

• Inactivity can lead to higher health costs and chronic diseases - PHIT will allow you to use healthcare dollars to stay healthy up front and prevent illness

COVID Impact on Youth Mental Health

• Participation in a team sport compared to non-sport participation was associated with:

  * 10% lower anxious/depressed scores

  * 19% lower withdrawn/depressed scores

  * 17% lower social problems scores

  * 17% lower thought problems scores

  * 12% lower attention problem scores (https://doi.org/10.1371/journal.pone.0268583)

Physical Activity Lowers Incidence of Suicide & Substance Abuse

• Male and female students who did not meet the aerobic physical activity guideline compared to those who did were 35% and 36%, respectively, more likely to have seriously considered attempting suicide - (CDC)

• 140,000 Americans died from alcohol abuse each year (CDC)

• Suicide claimed the lives of over 45,900 people in 2020 (NIH)  
  

• 100,306 Americans died from a drug overdose from April 2020 to April 2021 (CDC)