Is OneShare Health exempt from Obamacare? Yes! Read on for OneShare Health tax information.
You may know all about the Affordable Care Act, but does it apply to OneShare Health? As a Health Care Sharing Ministry (HCSM), OneShare Health’s ACA religious exemption is one of our most attractive features.
If you're a current Member looking for OneShare Health tax information so you can file your taxes, click here or read on below.
As with all HCSMs under 26 USC § 5000A(d)(2)(B)(ii), OneShare Health’s Members are exempt from the ACA individual mandate requirement of the U.S. Patient Protection and Affordable Care Act ("ACA"). While the federal individual mandate of the ACA was repealed in December 2017, effective in 2019, you may wish to consult your legal advisor regarding any relevant individual mandates under state law.
Save up to 50% or more on your family's health care! Input your ZIP Code below for a free OneShare Health quote!
What Does ACA-Exempt Mean?
As a Health Care Sharing Ministry (HCSM), as with all HCSMs under 26 USC § 5000A(d)(2)(B)(ii), OneShare Health’s members are exempt from the ACA individual mandate requirement of the U.S. Patient Protection and Affordable Care Act ("ACA"). While the federal individual mandate of the ACA was repealed in December 2017, effective in 2019, you may wish to consult your legal advisor regarding any relevant individual mandates under state law.
The ACA includes "Religious Exemptions," allowing OneShare Health Members exemption from the individual mandate to purchase health insurance. Members of a qualified Health Care Sharing Ministry, such as OneShare Health, are exempt if they share a common set of ethical or religious beliefs and share medical expenses among themselves in accordance with those beliefs.
What are OneShare Health’s Beliefs?
As a Health Care Sharing Ministry with origins in the Anabaptist faith, OneShare Health welcomes and unites those who agree with our core biblical principles and Statement of Beliefs relating to life, health, and caring for others. At OneShare,
- We Believe in the authority of Scripture and the sanctity and dignity of every human life created by God with special meaning and purpose. II Timothy 3:16; Psalm 139:13-14
- We Believe that every individual has the constitutional and religious right and duty to worship God in freedom. II Corinthians 3:17; U.S. Const. amend. I
- We Believe and agree in the biblical and ethical principle of sharing with those who are less fortunate and who experience medical needs. Galatians 6:2
- We Believe and agree that it is our responsibility to God and our fellow Members to engage in accountable, healthy living, and to avoid habits and behaviors which are harmful to the body. I Corinthians 6:19-20
- We Believe in the power of prayer to save lives, to heal lives, and to unite our Members in common purpose and community, and we believe that prayer should be a fundamental practice of daily life. I John 5:14; Philippians 4:6-7
Is OneShare Health considered health insurance?
First things first, OneShare Health is not insurance. Instead, we are an ACA-exempt Health Care Sharing Ministry that facilitates the cost of medical needs for and through our Members by means of medical cost sharing.
Does OneShare provide quality health care even with their ACA exemption status?
Of course. In fact, your health and well-being remain our top priority as we continue to deliver an unparalleled Member experience that includes: a Provider Network across all 50 states, support understanding your chosen OneShare Health Program, Membership Discount Services, 24/7 Clever HealthTM Smart Virtual Care (Telemedicine) for a 100% Shared Consult Fee, and much, much more.
In addition to our exemption from the ACA, Membership costs and feature-rich Programs also set us apart from traditional methods of receiving health care. Read more about our Christian health share by checking out OneShare Health reviews, and stay up to date on the latest health care topics by visiting the One Share, One Voice blog!
Save up to 50% or more on health care!
If you don't want to go the Obamacare route, and also want to save money on your care, check out our Health Care Sharing Ministry that's exempt from the ACA. OneShare Health is an alternative to traditional insurance coverage, we are a Health Care Sharing Ministry that could start saving you thousands per year on your healthcare!
Click below to learn more or get your free OneShare Health quote today.
OneShare Health tax form information for current Members:
I need to file my taxes. Where can I find OneShare's tax form?
If you're trying to file your taxes, but need some information from OneShare Health, here are some quick resources and important FAQs regarding OneShare Health and Healthcare Exemption Form Information.
As with all HCSMs under 26 USC § 5000A(d)(2)(B)(ii), OneShare Health’s Members are exempt from the ACA individual mandate requirement of the U.S. Patient Protection and Affordable Care Act ("ACA"). However, as of January 1, 2019, the ACA individual mandate is no longer in effect.
However, some states have implemented a state individual mandate. Members who reside in California, Massachusetts, New Jersey, Rhode Island, or Vermont are required to provide proof of Health Coverage Exemption (formerly utilizing the federal 8965 Health Coverage Exemption Tax Form) if they are not enrolled in insurance. Members can find information needed to complete Health Coverage Exemption Tax Form(s) via their OneSource Member Portal or logging into their OneShareBox dashboard under the section titled “Tax Information.”
Please consult your legal advisor regarding any relevant individual mandates under state law.
How do I log into my OneShareBox?
If you have not logged into your OneShareBox before, you will need to create an account– username and password– and you will need your OneShare Health Membership number to do so.
Where can I find my Health Coverage Exemption Information?
Upon logging into your OneShareBox, you will be presented with your OneShareBox Dashboard. On your dashboard, you will click on the Health Coverage Exemption Information button within the “Tax Information” widget. If you are accessing this information for the 2020 tax year, make sure that 2020 is selected from the drop-down menu.
What Health Coverage Exemption Information am I looking for?
Information includes names of family members on your Program, total amount of Contributions for the tax year, number of months in 2020 that Members were covered and the Exemption Code for a Health Care Sharing Ministry: “D.” In addition, the Member can download this information in a PDF document.
If you have any questions regarding the ACA individual or state mandate and how it affects your taxes, please contact your tax advisor.
“For we are his workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.”
Ephesians 2:10 (ESV)