Small Block

Capital Absorption Opportunity · Tax-exempt organizations (26 U.S.C. § 501) · 501(c) Organizations

501(c)(26) Organizations

Definition

State-sponsored high-risk health coverage organizations: membership organizations established by a state exclusively to provide not-for-profit medical care coverage to state residents who, because of a medical condition, cannot get coverage or can get it only at substantially higher rates.[1] The Health Insurance Portability and Accountability Act of 1996 added the paragraph.[1]

Federal law

  1. Health Insurance Portability and Accountability Act of 1996, Pub. L. 104-191, § 341(a), 110 Stat. 2070. Added section 501(c)(26) (§ 341(a)). Official text: govinfo.gov, U.S. Government Publishing Office.