When it comes time for tax season, we understand it's essential to obtain all the facts and answers to your tax questions. Here is some quick and important information regarding OneShare Health, Health Insurance Mandates, and taxes.
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 However, as of January 1, 2019, the ACA individual mandate is no longer in effect. This means that Members no longer have to include Form 8965 as an attachment to the Form 1040 when filing federal income taxes.
However, some states/jurisdictions have implemented their own individual mandate. Members who reside in California, Massachusetts, New Jersey, Rhode Island, Vermont, and the District of Columbia may be required to provide proof of an exemption if they are not enrolled in insurance. Members needing proof of Membership to satisfy these requirements should contact the Billing Department at billing@onesharehealth.com or (855) 699-0348.
Members should consult a tax law and/or accounting expert regarding the applicability of any relevant individual health insurance mandates. OneShare provides general information but does not provide legal or accounting advice to Members.
