A bill to amend the Internal Revenue Code of 1986 to clarify the calculation of the reserve allowance for medical benefits of plans sponsored by bona fide associations.

referredUnited States· United States Congress· EN

Introduced

25 April 2005

Last action

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Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4191)

Summary

Amends the Internal Revenue Code to allow a bona fide association (an association which has been actively in existence for at least five years and has been formed and maintained in good faith for purposes other than obtaining insurance) to maintain an additional reserve fund for medical benefits plans not to exceed 35 percent of the sum of certain direct costs and changes in claims incurred.

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Documents

3 official files

Introduced in Senate (text)
Introduced in Senate · EN · 25 April 2005
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Introduced in Senate (PDF)
Introduced in Senate · EN · 25 April 2005
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Introduced in Senate
summary · EN · 25 April 2005
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Sources

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Official source: https://www.congress.gov/bill/109th-congress/senate-bill/897
Open data entity: https://api.congress.gov/v3/bill/109/s/897