How to be Legally Exempt from Obamacare Penalty
We get asked, on a daily basis, if there are ways to legally avoid the high cost, low value of the Obamacare insurance exchange products AND not pay a penalty for purchasing insurance that best fits the insured's needs. Here are the options that we share:
1) If the lowest-priced "Obamacare plan" coverage available to you, through either a Marketplace or job-based plan, would cost more than 8.05% of your household income, you are exempt from the Obamacare Shared Responsibility Tax and can purchase alternative insurance without penalty. Click on the links to get the forms and details for the Marketplace affordability exemption or the job-based affordability exemption.
By the way, there are other exemptions. Here is a complete list: https://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/ACA-Individual-Shared-Responsibility-Provision-Exemptions
2) If you are comfortable with the Affordable Care Act's specific instructions to the IRS that they may not "TAKE' the money from you--- only withhold it from a refund that is due you --- you may avoid the Obamacare Shared Responsibility Tax. Learn more here: Obamacare Penalty: Proof Its Not Enforceable
3) If you are concerned about the IRS, you can join Christian Health Ministries (NO WE ARE NOT JOKING!) This is an excellent option if you combine it with other off-exchange insurance options.
Christian Sharing Ministries is $45 per month for a single bronze membership, $90 for Husband & Wife or Parent with children or $135 for Family (remember you are not buying it to pay a claim as they NEVER guaranteed they would send a dime, you are just getting it to avoid the potential penalty).
IMPORTANT—- THIS IS THE MONTHLY RATE—- YOU ONLY NEED THIS 10 MONTHS A YEAR NOT 12 —- YOU HAVE A BUILT IN 2 MONTH EXEMPTION EACH YEAR COURTESY OF THE AFFORDABLE CARE ACT.
Click here to go to the Christian Health Ministries site. Next, RUN A QUOTE BY CLICKING ON THE RED INSTANT QUOTE BUTTON – CHOOSE BRONZE—- Buy it in February each year. To claim the Christian Ministries Exemption click here.
One more thing: When you sign up for Christian Health Ministries, please list Mark Deschene’s member number: 1019104 Christian sharing offers a free month to a referring member— So please list me! Thank You!
A SHORT TERM HEALTH BENFIT PLAN IS NOT INTENDED TO QUALIFY AS THE MINIMUM ESSENTIAL COVERAGE REQUIRED BY THE AFFORDABLE CARE ACT (ACA). UNLESS YOU PURCHASE A PLAN THAT PROVIDES MINIMUM ESSENTIAL COVERAGE IN ACCORDANCE WITH THE ACA,( this is why we recommend the Christian Sharing Program in combination with the Short Term Medical), Without it, YOU MAY BE SUBJECT TO A FEDERAL TAX PENALTY. ALSO, THE TERMINATION OR LOSS OF THIS POLICY DOES NOT ENTITLE YOU TO A SPECIAL ENROLLMENT PERIOD TO PURCHASE A HEALTH BENEFIT PLAN THAT QUALIFIES AS MINIMUM ESSENTIAL COVERAGE OUTSIDE OF AN OPEN ENROLLMENT PERIOD. THIS POLICY INCLUDES A PRE-EXISTING CONDITION EXCLUSION PROVISION.