Can you use a debit card to pay for a gym membership?
Yes you can pay for your gym membership with a debit card. Most debit cards have a Mastercard or Visa logo on them which makes them work just like credit cards. If you do not have enough money to cover your gym membership, they will first try to collect the money, then they will cancel your membership, then you will be charged late fees, then they will turn the account over to a collection agency, then you will end up paying more than three times the price of the gym membership, because you were careless and spent all the money. By the way, you need an ego check!
Are there any health insurance that will cover my gym cost?
Not too sure about that. Gym cost is more on the aesthetic side, so can’t verify if there are any health insurance companies that would shoulder such. However, I would suggest that you check out for yourself. Go call or research different providers and politely ask them about your concern. You will be amazed on the various options that you can avail. Start by trying some of my personal bets when it comes to health insurance.The Family Benefit |Health Coverage Direct |
Can we submit the gym bill in tax filling?
In Indian context gym bill is personal expense and in normal circumstances gym bill is not a tax deductible expense whether the subject is a salaried employee or carrying on business because in normal circumstances you cannot justify that the expense is related to your business. In the case of a salaried employee if the terms of employment so provide the reimbursement of health club, sports club membership fees and similar facilities provided uniformly to all employees would not be taxable in your hands us 10(14).If however the subject is a model (doing modelling as a profession) or is an actor or artist and he can justify that maintaining body is core to his profession than he can perhaps claim it as a tax deductible from his income from modelling or acting as the case may be.The above is for general information and is not a legal opinion.
Can my health insurance pay for my gym fees?
Surprisingly yes. Your health insurance policy can pay you for your workout.I know of one policy named Aditya Birla Capital Health Insurance, which offers you rewards for working out and also offers some free sessions at the gym. If you purchase that policy, you can earn upto 30% of your premium returns.They also have something called as Active Dayz™ which is designed to keep you active and help you earn HealthReturns™. So basically if you walk 10k steps daily or swim or jog or cycle or hit the gym, you will earn 1 active day and upto 30% premium returns.Personally, I feel this is a very good option for someone who is looking out to stay health and fit. All you have to do is track your activities. You can visit the Aditya Birla Capital Health Insurance website for more information.Hope this helps.
Can I pay for my gym membership from my personal HSA account?
Unfortunately, and despite the many studies finding exercise is good for health, the IRS has declared health club dues ineligible as a medical expense. The details can be found in IRS Publication 502, Medical and Dental Expenses.Page 16 of the 2017 edition states:“Health Club Dues. You can't include in medical expenses health club dues or amounts paid to improve one's general health or to relieve physical or mental discomfort not related to a particular medical condition. You can't include in medical expenses the cost of membership in any club organized for business, pleasure, recreation, or other social purpose.”Disappointing for those of us who use the gym as a way to avoid the doctor (and pharmacist, too!), but I suspect allowing gym memberships to qualify as a medical expense would open up the system to too much abuse.In general, to qualify as a medical expense the cost must meet the following guideline (again, from IRS Pub 502):“What Are Medical Expenses? Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes. Medical care expenses must be primarily to alleviate or prevent a physical or mental defect or illness. They don't include expenses that are merely beneficial to general health, such as vitamins or a vacation.”The above notwithstanding, with a doctor’s note specifying a certain condition and diagnosis, and a prescription to treat the condition or illness through exercises available at a gym, you may be able to include the membership fees as an expense. You should discuss with a tax professional, however, before claiming the expense.“Health Club Dues. You can't include in medical expenses health club dues or amounts paid to improve one's general health or to relieve physical or mental discomfort not related to a particular medical condition.”Finally, and as a reminder, unlike FSAs where the provider is responsible for ensuring the expense qualifies under IRS guidelines, HSA withdrawals work differently. It is up to the taxpayer to remain compliant with the tax code.Now go finish that third set strong!
Can I get out of my gym membership by canceling my debit card?
HI Awesome, I want to first answer the question you ask (will canceling your debit card get you out of the contract with your gym), and then answer the question that I think you probably really are asking (is there a way to get out of the monthly payment to your club). First, your contract with the club is not going to go away because your debit card was canceled... they will simply be able to add any returned charges, late fees, etc to your bill... and then collect on all of that. Hope is not lost however... you can still cancel the membership for a fee. In your contract with the club (the membership agreement) you can find what the 'early termination fee' is... this will be the amount you have to pay if you cancel your membership early. You can then go into the club immediately, cancel your membership and pay them that fee... this will protect your credit, avoid a growing debt and get you out of that monthly bill. Keep in mind... simply not using the club or ignoring them does NOT terminate the membership. You actually have to go in and go thru the process of canceling... the sooner you do it, the less monthly bills you will have. Good luck! ~William
Why Do I Need Parents Consent To Join A Gym?
It depends on the gym. Some gyms require that you be 18 because you have to sign a contract with an obligation to pay and that means you must be legally an adult. Other gyms require you pay as you go and anyone can join as long as they have the parents sign a waiver of responsibility in case of injury (What "Daniel" said). Still other gyms require parental supervision and parents must accompany children because the gym does not want its employees to be babysitters. And some gyms on allow anyone under 18 to train on the premises...again an insurance concern. Insurance costs less if it covers adults only and gyms which do not cater to families or kids, such as bodybuilding gyms, only want adult patrons. There are many different types of gyms. Good luck and good health!! ♠
Can I sue the YMCA?
If his injury only required two staples, he didn't "bust his head open." - that's a pretty minor injury. You won't get much out of them if you sue, but you should certainly present your doctor bill to the manager for restitution. Is your son in some sort of summer camp, or were you the one who should have been supervising him? If he was in camp, you probably signed a "hold harmless" statement of some sort. If you were there - then they are not liable at all, since you are the one who should have been providing supervision. As a parent, would you have called 911 over a fall? Most of us wouldn't. It doesn't sound as if they did anything wrong at all.
Can I use my HSA to pay for my deductible?
I am a co-founder of a digital health company called Orderly Health, we do a lot of work with HSA’s.The short answer:YES! HSA’s are able to pay for Allowable Medical Expenses, and deductible are clearly defined as allowable.The longer answer:Yes. Deductibles are included in a long list of allowable medical expenses. IRS publication 502 which is updated every year provides guidelines and a list of generally allowable medical expenses. You can see the list here: IRS Publication 502. (Note this the 2017 list, I could not find an updated list from 2018 but I do not expect much change).Interesting things that are allowed:Transportation such as a Taxi or Lyft for someone with mobility issues.A TV that supports closed captioning for someone with hearing issues.Acupuncture, Christian Scientist Practitioner and Chiropractor.Interesting things not allowed:Over the counter cold cream.Prepaid concierge medical servicesHealth insurance premiumsHair regrowth medications are allowed but hair transplants are not.In general, most medical expenses are allowable but some will require a letter of support from a doctor. But there are some quirky exceptions (as there always is with the IRS).If you have questions about the cost of medications or if an expenses is available on an HSA, stop by Orderly Health and ask!