The Internal Revenue Service is set to recognize a health care sharing tax deduction for the first time. The Service should be issuing its final regulation on the health care sharing tax deduction in the coming months–likely before the 2020 election. Continue reading “HEALTH CARE SHARING TAX DEDUCTION”
Health care sharing is an expanding concept that brings the benefits of a sharing economy to payment of health care costs: think “uber” or “airbnb” for medical expenses. Just as in other sharing business models, modern technology now allows, for the first time in history, thousands of participants to link in a peer-to-peer environment such that small account debits across the peer-to-peer network can be executed to pay a member’s medical bill, all on a voluntary basis, and with very little overhead.
This method of medical expense payments has numerous advantages over ACA health insurance for many people: Continue reading “HEALTH CARE SHARING COMING OF AGE”