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Navigating Health Care Sharing Ministries

January 16, 2024

“Navigating Health Care
Sharing Ministries”

To get my complete, FREE article
with all the details…

You hear a lot these days about insurance plans.

What isn’t talked about much at all are Health Care Sharing Ministries. (HCSM)

What exactly is a Health Care Sharing Ministry?

It’s a unique faith-based alternative to traditional health insurance.

The origins of Heath Care Sharing Ministries.

At first, HCSMs were looking for a way to allow their members to share the cost of medical expenses, thus fulfilling the biblical principles of community, charity, and caring for the less fortunate.

Let’s take a closer look…

  • An HCSM facilitates the sharing of medical expenses among its members.
  • Members are like-minded individuals who share common religious or ethical beliefs.
  • To qualify as an HCSM, an organization has to be in existence and sharing medical expenses continuously and without interruption since December 31, 1999.
  • An HCSM must qualify as a non-profit 501(c)(3) organization.
  • Medical costs can include hospital stays, doctors’ visits, surgeries, and more. Not all medical expenses are eligible for sharing, and limitations or exclusions may exist.
  • HCSM programs are not required to cover preventive care, birth control, and many other “essential benefits” required under the Affordable Care Act.

In my new article, I’ll cover
important subjects like these.

  • Membership requirements
  • Contributions
  • Pre-existing conditions
  • Tax deductibility
  • Proposed regulation

And much more…

To get the whole story about this unique form of insurance, you don’t have to look far.

CLICK HERE to read my completely new article titled:

“Inside Health Care
Sharing Ministries”

Filed Under: Employees, Filing tips, Medical (for 105 plans see Section 105 medical plan), Section 105 medical plan, Tax Planning, Tax Policy

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