When it comes time for tax season, we understand it's essential to obtain all the facts and answers to your tax questions. 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 However, as of January 1, 2019, the ACA individual mandate is no longer in effect.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 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.
"Therefore encourage one another and build one another up, just as you are doing."
1 Thessalonians 5:11 (ESV)
ONESHARE HEALTH, LLC (ONESHARE) IS NOT AN INSURANCE COMPANY BUT A RELIGIOUS HEALTH CARE SHARING MINISTRY (HCSM) THAT FACILITATES THE SHARING OF MEDICAL EXPENSES AMONG MEMBERS. As with all HCSMs under 26 USC § 5000A(d)(2)(B)(ii), OneShare’s members are exempt from the ACA individual mandate. OneShare does not assume any legal risk or obligation for payment of member medical expenses. Neither OneShare nor its members guarantee or promise that medical bills will be paid or shared by the membership. Available nationwide, but please check www.onesharehealth.com/legal-notices for the most up to date state availability listing.
Enrollment in OneShare is not a contract for insurance. Participation in OneShare is voluntary. Enrollment as a OneShare member is voluntary, and the sharing of monetary contributions is voluntary. You are free to cancel your membership at any time. OneShare requests that a voluntary sharing contribution be made for each month you are enrolled, to facilitate the sharing of requests published on behalf of other members.