SB1529 Summary

• Amends Arizona Revised Statutes section 20-122 to clarify that health care sharing ministries are not subject to insurance regulation in the state.

• Defines "health care sharing ministry" as a nonprofit organization exempt from federal income tax that limits participants to those sharing common ethical or religious beliefs.

• Requires health care sharing ministries to meet federal tax code requirements, act as facilitators matching participants with financial or medical needs, and provide contributions on a voluntary basis with no assumption of risk or promise to pay.

• Mandates monthly written statements to participants showing total qualified needs submitted and amounts assigned for contribution, and requires written disclaimers stating the ministry is not insurance and participants are personally responsible for their medical bills.