Healthcare Sharing Ministries Read The Fine Print
This article will explain how health care sharing ministry plans work, how they’re regulated, and what consumers need to understand before joining one of these plans. HCSMs are not health insurance, and they do not provide minimum essential coverage under the Affordable Care Act. But although the IRS assessed a penalty on people who did not have minimum essential coverage between 2014 and 2018, there was an exemption for healthcare sharing ministry members....