Answers to the Most Frequently asked Questions about
Health Sharing Plans and Health Care Sharing Ministries (HCSMs)
How long have healthshares been around?
- Healthshares have been in existence for over 30 years. To qualify for the Afforadable Care Act (ACA) exemption, a healthshare has to have been around since at least 1999.
Are healthshares the same thing as health insurance?
- Healthshares are not health insurance. Healthshares are organizations that facilitate sharing of health care costs among individual members, who have common ethical or religious beliefs.
How do healthshares work?
- While healthshares are not health insurance, they do function in much the same way as health insurance plans prior to the Affordable Car Act (ACA).
Are they less expensive than Obamacare?
- Healthshares are typically 50% less expensive than ACA-compliant health insurance plans.
Are healthshares Obamacare compliant?
- Healthshare programs are specifically allowed in the ACA. Members of healthshare organizations are exempt from the requirement to carry health insurance and from the tax penalty resulting from not carrying health insurance. Healthshare programs are not subject to regulations that govern what health insurance plans must pay for.
Are healthshares HSA qualified?
- HSAs, or health savings accounts, can only be opened and contributed to if you have an HSA-qualified health insurance plan. Currently, we offer an HSA-qualified MEC (minimum essential coverage) health insurance plan that is designed to be paired with a health sharing program. For more information, see our MPB page.
Do healthshare programs accept anybody?
- No. You must meet certain qualifications.
- To become a member of a healthshare, you must agree to certain beliefs, which vary by healthshare. Additionally, most require you qualify based on your health history and do not cover pre-existing conditions.
Are there waiting limits?
- Some healthshares do have waiting periods forcertain benefits like preventive and cancer treatment. Also, there are usually waiting periods before pre-existing conditions are eligible for sharing.
Are there sharing limits?
- Yes. Most health care sharing programs do have sharing limits.
Do health care sharing programs pay for preventive care?
- While sharing varies, preventive expenses are eligible for sharing in some health care sharing programs.
How do healthshare programs pay for doctor visits?
- Most healthshares do have co–pays for doctor visits built into the plans. Once again, benefits vary.
How do health care sharing programs share for Rx?
- Health shares do not traditionally share in prescription drugs, but most offer a discount program to help you save on costly medications.
Do healthshare programs pay for expenses for pre-existing conditions?
- Pre-existing conditions are not generally eligible for sharing under healthshare programs right away, but there is at least one healthshare program that will count most pre-existing conditions as eligible for sharing after 24 months.
Can smokers join healthshare programs?
- Healthshares do not generally allow smokers, but there are options for smokers who intend to quit.
What kind of provider network do health care sharing programs use?
- Most health care sharing programs use Provider networks, or allow you to see the doctor of your choice, giving you the greatest access and flexibility when receiving care.
Are there religious requirements?
- Faith requirements vary by healthshares. Some are Christian-based, while others are non-religious.
Am I locked into any contracts?
- There are no contracts with health care sharing programs and you have the right to terminate your membership at any time.
How am I billed?
- Most healthshares will require you to set up a direct draft or credit card for recurring monthly contribution deductions.
When can I enroll?
- Unlike ACA/Obamacare plans that require you to enroll in short annual enrollment periods, you can enroll in a healthshare at any time during the year.
Can you deduct healthshare contributions like you can individual health insurance?
- No, you cannot currently deduct healthshare contributions in the same way you can for health insurance premiums.
For further information, please send us a message:
ACA-Exempt Healthshare Plans
A Low-Cost and Legal Way to Opt Out of Obamacare
749 S. Lemay Ave, Suite A3-116, Fort Collins, CO 80524
Telephone: 800-913-0172 | Fax: 970-999-0989
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Disclaimer: All information on this website is relayed to the best of the Company's ability, but does not guarantee accuracy. Information may be out of date. The content provided on this site is intended for informational purposes only and does not guarantee price or coverage. This site is not intended as, and does not constitute, accounting, legal, tax, and/or other professional advice. Determination of actual price is subject to Carriers.