§351. ORGANIZATIONS SUBJECT TO SECTION 833.

Health Insurance Portability and Accountability Act of 1996

TITLE III—TAX-RELATED HEALTH PROVISIONS

(a) In General.—Section 833(c) (relating to organization to which section applies) is amended by adding at the end the following new paragraph:

‘‘(4) Treatment as existing blue cross or blue shield organization.—

‘‘(A) In general.—Paragraph (2) shall be applied to an organization described in subparagraph (B) as if it were a Blue Cross or Blue Shield organization.

‘‘(B) Applicable organization.—An organization is described in this subparagraph if it—

‘‘(i) is organized under, and governed by, State laws which are specifically and exclusively applicable to not-for-profit health insurance or health service type organizations, and

‘‘(ii) is not a Blue Cross or Blue Shield organization or health maintenance organization.’’.

(b) Effective Date.— (26 usc 833)The amendment made by this section 26 USC 833 note. shall apply to taxable years ending after December 31, 1996.