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.