Search Results: keywords:"health care sharing ministry"

  • H. R. 2062 — To amend the Internal Revenue Code of 1986 to treat membership in a health care sharing ministry as a medical expense, and for other purposes.
    Status:Introduced in House
    Words:449

    H. R. 2062 is a bill introduced in the U.S. House of Representatives to change the Internal Revenue Code of 1986. The bill aims to classify membership in a health care sharing ministry as a medical expense, allowing individuals to receive tax benefits similar to those for...

    Simple Explanation

    Imagine there is a special club where people help each other pay for doctor's visits, but this club is not the same as regular health insurance. This new rule wants to let people who join this club say those costs are like going to the doctor, so they can get money back when they do their taxes, just like regular medical expenses.

  • S. 653 — To amend the Internal Revenue Code of 1986 to treat membership in a health care sharing ministry as a medical expense, and for other purposes.
    Status:Introduced in Senate
    Words:437

    S. 653 is a bill proposed in the 119th Congress, aimed at amending the Internal Revenue Code of 1986 to allow membership in a health care sharing ministry to be treated as a medical expense for tax purposes. This means that people who are part of such ministries can count...

    Simple Explanation

    S. 653 wants to change the rules so that when people join a special group called a health care sharing ministry, they can count the money they spend there as medical expenses on their taxes, starting in 2026. This means these groups won't be considered health insurance, and it might make things a little tricky to understand and manage.

  • H. R. 8776 — To amend the Internal Revenue Code of 1986 to treat membership in a health care sharing ministry as a medical expense, and for other purposes.
    Status:Introduced in House
    Words:433

    H.R. 8776 proposes to change the Internal Revenue Code so that joining a health care sharing ministry can be counted as a medical expense for tax purposes. The bill specifies that these ministries are not to be seen as health insurance or a health plan. It also states that the new rules would...

    Simple Explanation

    H.R. 8776 wants to change the tax rules so people who join special groups that help pay each other's medical bills (but aren't health insurance) can count that as a money expense for their health. This change would start after 2024.