Quote:
Originally Posted by Giantone
Pretty sure as a 'non for profit " they pay little in taxes? I admit it is an interesting concept but I see no reason for it to be exempt from the ACA rules,yes I know it is ,I just would like to know why?
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The link in the quote opens the whole aca, but if you scroll down to page 148 you find this:
Quote:
‘‘(2) RELIGIOUS EXEMPTIONS.—
...(B) HEALTH CARE SHARING MINISTRY.— ‘‘(i) IN GENERAL.—Such term shall not include any
individual for any month if such individual is a member
of a health care sharing ministry for the month.
‘‘(ii) HEALTH CARE SHARING MINISTRY.—The term
‘health care sharing ministry’ means an organization—
‘‘(I) which is described in section 501(c)(3) and
is exempt from taxation under section 501(a),
‘‘(II) members of which share a common set of
ethical or religious beliefs and share medical expenses
among members in accordance with those
beliefs and without regard to the State in which
a member resides or is employed,
‘‘(III) members of which retain membership
even after they develop a medical condition,
‘‘(IV) which (or a predecessor of which) has
been in existence at all times since December 31,
1999, and medical expenses of its members have
been shared continuously and without interruption
since at least December 31, 1999, and
‘‘(V) which conducts an annual audit which is
performed by an independent certified public accounting
firm in accordance with generally accepted
accounting principles and which is made available
to the public upon request.
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There are other exemptions there, I am assuming that Back2RFK isn't incarcerated or an illegal alien, so I think this exemption is the most likely one.