Are HealthShare plans ACA compliant?

Are HealthShare plans ACA compliant?

HealthShare Plans that are ACA Compliant As a result, Altrua HealthShare is that it is ACA compliant. This means that as an Altrua HealthShare member, you do not have to worry about being hit with fines or penalties for not having healthcare coverage.

Does Medi-Share count as a high deductible health plan?

Medi-Share’s monthly sharing contributions are not deductible. However, that could change in 2022 if the Certain Medical Care Arrangements passes. But for now, remember, you can deduct medical expenses based on a percentage of your AGI. HSA – Since it is not insurance, you cannot qualify for an HSA with Medi-Share.

Does Medi-Share cover pre existing conditions?

Medi-Share does not exclude people for pre-existing conditions (similar to major medical plans), but they won’t pay for any pre-existing conditions for the first 36 months.

Can you claim Medi-Share on taxes?

Your share payment is not deductible for federal income tax purposes as a charitable donation or as a medical expense.

Is Medi-Share An alternative to Obamacare or traditional insurance?

If you’re willing to live by the guidelines mentioned above, Medi-Share is a solid alternative to Obamacare or traditional insurance (aka the Affordable Care Act). Health care sharing ministries aren’t subject to the ACA mandate to purchase insurance. You won’t have to pay a fine or penalty at tax time if you are a member of MediShare.

What is the Christian Care Ministry?

In order to encourage and support the preservation of the lives of these unborn children, Christian Care Ministry is dedicated to assist in arranging for maternity and adoption services through Christian organizations. + VIII. Adoption The Medi-Share program allows Members to share in adoption costs.

Is Medishare subject to the ACA mandate to purchase insurance?

Health care sharing ministries aren’t subject to the ACA mandate to purchase insurance. You won’t have to pay a fine or penalty at tax time if you are a member of MediShare.

Does the Affordable Care Act apply to health care sharing ministries?

You can review the details of the Affordable Care Act in Section 1501, page 148. Review Christian Care Ministry’s federal Certification of Exemption here. We are thankful that the creators of this law included health care sharing ministries as a viable healthcare option.