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To amend the Internal Revenue Code of 1986 to include expenses relating to membership in health care sharing ministries to qualify for the deduction for medical expenses, and for other purposes.
12/20/2024, 9:05 AM
Summary of Bill HR 3426
Bill 118 hr 3426, also known as the Health Care Sharing Ministry Expenses Act, aims to amend the Internal Revenue Code of 1986 to allow individuals to deduct expenses related to membership in health care sharing ministries as part of their medical expenses.
Health care sharing ministries are organizations where members contribute money to help cover each other's medical expenses. Currently, these expenses are not eligible for the medical expense deduction on federal taxes. This bill seeks to change that by allowing individuals to include these expenses when calculating their medical deductions.
The purpose of this bill is to provide tax relief to individuals who participate in health care sharing ministries and help them offset the costs of their medical expenses. By allowing these expenses to qualify for the medical deduction, it aims to make health care more affordable for those who choose to participate in these alternative health care arrangements. Overall, the Health Care Sharing Ministry Expenses Act is a targeted piece of legislation that seeks to support individuals who rely on health care sharing ministries for their medical needs. It is a non-partisan effort to provide tax relief and financial assistance to those who choose to participate in these unique health care arrangements.
Health care sharing ministries are organizations where members contribute money to help cover each other's medical expenses. Currently, these expenses are not eligible for the medical expense deduction on federal taxes. This bill seeks to change that by allowing individuals to include these expenses when calculating their medical deductions.
The purpose of this bill is to provide tax relief to individuals who participate in health care sharing ministries and help them offset the costs of their medical expenses. By allowing these expenses to qualify for the medical deduction, it aims to make health care more affordable for those who choose to participate in these alternative health care arrangements. Overall, the Health Care Sharing Ministry Expenses Act is a targeted piece of legislation that seeks to support individuals who rely on health care sharing ministries for their medical needs. It is a non-partisan effort to provide tax relief and financial assistance to those who choose to participate in these unique health care arrangements.
Congressional Summary of HR 3426
This bill includes expenses for membership in health care sharing ministries as tax-deductible medical expenses. (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.)
Read the Full Bill
Current Status of Bill HR 3426
Bill HR 3426 is currently in the status of Bill Introduced since May 17, 2023. Bill HR 3426 was introduced during Congress 118 and was introduced to the House on May 17, 2023. Bill HR 3426's most recent activity was Referred to the Subcommittee on Health. as of December 17, 2024
Bipartisan Support of Bill HR 3426
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3426
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 3426
To amend the Internal Revenue Code of 1986 to include expenses relating to membership in health care sharing ministries to qualify for the deduction for medical expenses, and for other purposes.
To amend the Internal Revenue Code of 1986 to include expenses relating to membership in health care sharing ministries to qualify for the deduction for medical expenses, and for other purposes.
Comments
Sponsors and Cosponsors of HR 3426
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