The Internal Revenue Service recently issued a proposed rule that would expand the ability of HRAs to reimburse employees tax free for monthly premiums (commonly referred to as “shares”) of health care sharing ministries. More flexibility is good news for the approximately million Americans who use these lower-cost programs to address health care needs and it would clear up the existing gray area surrounding the use of HRAs and health care sharing ministries.
Sharing plans still will not integrate with ICHRA, but costs for these ministries now will qualify as payments for a medical care expense under Section 213(d), and should be considered tax-deductible. But does that really change anything?
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We are keeping a close eye on this issue. If you have any questions in the meantime, our team is ready to help you. Read our guides about various plan options or chat with our team. We are happy to help.
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