Section 550.1861 – Short Title.
550.1861 Short title. Sec. 1. This act shall be known and may be cited as the “health care sharing ministries freedom to share act”. History: 2012, Act 530, Eff. Jan. 1, 2013
Section 550.1863 – Definitions.
550.1863 Definitions. Sec. 3. As used in this act: (a) “Eligible entity” means a faith-based, nonprofit entity that maintains tax-exempt status under section 501(c) of the internal revenue code, 26 USC 501. (b) “Health care sharing ministry” or “ministry” means a program established by an eligible entity for the sharing of finances and health care […]
Section 550.1865 – Health Care Sharing Ministry; Establishment; Operation; Business of Insurance Prohibited.
550.1865 Health care sharing ministry; establishment; operation; business of insurance prohibited. Sec. 5. An eligible entity may establish and operate a health care sharing ministry under this act. An eligible entity that establishes and operates a health care sharing ministry in compliance with this act is not engaged in the business of insurance in this […]
Section 550.1867 – Health Care Sharing Ministry; Requirements.
550.1867 Health care sharing ministry; requirements. Sec. 7. To be considered a health care sharing ministry under this act, the ministry shall meet all of the following requirements: (a) Limit participation in the ministry to individuals who are of a similar faith. (b) Provide that the ministry act as a facilitator by matching its participants […]
Section 550.1869 – Effective Date.
550.1869 Effective date. Sec. 9. This act takes effect January 1, 2013. History: 2012, Act 530, Eff. Jan. 1, 2013