SB276 Summary

• Creates "The Health Care Sharing Ministries Freedom to Share Act" to authorize faith-based nonprofit organizations to match individuals with medical needs to participants willing to provide financial assistance.

• Requires health care sharing ministries to be tax-exempt nonprofits that limit participation to members of similar faith and facilitate voluntary contributions among participants with no legal obligation to pay.

• Mandates monthly written statements to all participants showing total qualified needs submitted and amounts assigned for contribution.

• Requires written disclaimer informing applicants that the organization is not an insurance company, participation is voluntary, no other participant can be compelled by law to contribute, and individuals remain personally responsible for all medical bills.

• Exempts health care sharing ministries from regulation under Title 27 (Alabama Insurance Code) and becomes effective on the first day of the third month following passage and gubernatorial approval.