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Tax Deduction for Health Care Sharing Ministry Membership Expenses.

New rules allow tax deductions for expenses related to membership in health care sharing ministries. This means individuals participating in such ministries can reduce their taxable income, potentially leading to lower taxes. These changes will apply to expenditures paid in taxable years beginning after December 31, 2023.
Key points
Membership fees for health care sharing ministries now qualify for medical expense deductions.
Ministries must meet specific criteria, including publishing audits and being accredited by independent organizations.
The changes take effect for expenses paid in tax years starting after December 31, 2023.
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Additional Information
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.
Print number: HR 3426
Sponsor: Rep. Kelly, Mike [R-PA-16]
Process start date: 2023-05-17