S 653 · A bill 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.
Read twice and referred to the Committee on Finance.
- Introduced
- Feb 20, 2025
- Latest action
- Feb 20, 2025
- Sponsor
- Sen. Ted Budd [R-NC]
- Policy area
- Taxation
- Cosponsors
- 0
Summary
This bill provides that amounts paid for membership in a health care sharing ministry, including amounts paid for the sharing of medical expenses and administrative fees, are a tax-deductible medical expense. (Health care sharing ministries are faith-based organizations with members who share a common set of ethical or religious beliefs and who contribute regular payments to cover the medical expenses of other members.)
Recent actions
- Feb 20, 2025 Read twice and referred to the Committee on Finance.
- Feb 20, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.