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.
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.)
Bill status
- Status
- In committee
- Sponsor
- Sen. Ted Budd [R-NC]
- Cosponsors
- 0
- Policy area
- Taxation
- Introduced
- 2025-02-20
- Latest action
- 2025-02-20: Read twice and referred to the Committee on Finance.
Committee referrals
Recent actions
- 2025-02-20: Read twice and referred to the Committee on Finance.
- 2025-02-20: Introduced in Senate