Bill > HR2062

This bill amends the Internal Revenue Code to officially recognize health care sharing ministries (HCSMs) as a tax-deductible medical expense. Specifically, the bill allows individuals to deduct membership fees and administrative costs of HCSMs, which are voluntary, non-profit organizations where members share medical expenses based on common ethical or religious beliefs. Currently, these organizations are not traditionally considered health insurance. The bill explicitly clarifies that HCSMs will not be legally classified as a health plan or insurance product, while allowing members to claim their membership and expense-sharing costs as medical expenses for tax purposes. These changes would take effect for tax years beginning after December 31, 2025, giving time for implementation. The legislation aims to provide tax treatment for HCSMs that is more consistent with traditional health insurance, potentially making these alternative healthcare cost-sharing arrangements more accessible and financially beneficial for participants who may not wish to use conventional health insurance.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2062/all-info