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GA HB284
Bill
Status
Introduced
2/7/2023
Primary Sponsor
Beth Camp
Click for details
AI Summary
- Redefines "health care sharing ministry" as a "health care sharing organization," broadening eligibility from members of a "similar faith" to those who share a "common set of ethical or religious beliefs"
- Requires organizations to allow members to retain membership even after developing a medical condition
- Adds new transparency requirements, including at least quarterly financial statements to all members and an annual audit by an independent CPA firm made available to the public
- Creates a Georgia state income tax deduction for the full amount a taxpayer pays as a member of a health care sharing organization, applicable to taxable years beginning on or after January 1, 2024, but only to the extent not already deducted on the federal return
- Maintains the existing exemption of health care sharing organizations from regulation as insurance companies, health maintenance organizations, or health benefit plans under Georgia law
Legislative Description
Insurance; health care sharing ministry; change definition; provisions
Last Action
House Committee Favorably Reported
2/26/2024
Committee Referrals
Ways and Means2/8/2023
Full Bill Text
No bill text available