Health Sharing and deductions

[Anonymous]

I have a health sharing plan and while it looks as if the premiums are NOT deductible on my Federal taxes, I assume that all my medical bills then would be deductible if I meet the % of income amount necessary?  Since I am filing as if I have no insurance, bills shared would not be considered then and I can deduct them?

[MaryK4]

Currently, the expenses are not deductible because you are paying some medical expenses for others and vice versa.  Under proposed regulations, payments for direct primary care arrangements and for membership in a health care sharing ministry would qualify as expenses for medical care and may be deductible medical expenses.

[Anonymous]

Thanks, MaryK!

Key word here is "proposed".... So no deduction for the sharing 'premiums' I paid to be covered... but yes to the medical bills I had in 2020, if they meet the % requirement, since I have no health insurance.  Correct?

[WendyN2]

Yes, you are correct in interpreting MaryK 's instructions, provided they exceed 7.5% of your AGI.