HB 353: Benefits consortium; sponsoring association.

Summary

Benefits consortium; sponsoring association. Provides that the sponsoring association of a benefits consortium that offers health benefit plans to the members of such sponsoring association may operate as a nonprofit entity under § 501(c)(3), 501(c)(5), or 501(c)(6) of the Internal Revenue Code. Under current law, such a sponsoring association may only operate under § 501(c)(5) or 501(c)(6) of the Internal Revenue Code.

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Apr 6, 2026

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