Bill > HR8776

This bill amends the Internal Revenue Code of 1986 to treat membership in a health care sharing ministry as a medical expense, rather than as insurance. Specifically, it: 1) Adds a new provision to the tax code that allows individuals to deduct their membership fees and medical expense sharing with a health care sharing ministry as a medical expense. 2) Clarifies that health care sharing ministries are not to be treated as health plans or insurance for tax purposes. The purpose of this bill is to provide tax benefits for individuals who participate in health care sharing ministries, which are non-profit organizations that facilitate the voluntary sharing of medical expenses among members. This change would take effect for taxable years beginning after December 31, 2024.