Liberty HealthShare is a horrible organization my doctor submitted the bills for both my wife and I they claimed they never received them we resubmitted them 2 more times and they still claim they never received anything they denied my lab expenses after originally saying they were being processed 3 months after they were submitted then denied it saying they didn't receive proper codes this company. Apr 30, 2015 · Liberty HealthShare members don’t pay a ‘premium’ each month but they pay a mandatory fee which will be shared among members who have medical expenses for that month. So in a way, it’s very much like a group of individuals who share each other’s medical expenses vs. having a private company pay for it.

Liberty Health Share is the worst company I have ever dealt with. They told me that I had to pay a $500 Deductible before my surgery and everything above that would be taken care of. What Liberty HealthShare Members Need To Know.This additional tax is calculated month-to-month on Form 8965. Line 61 on the 2016 Form 1040 is where you are to report the amount of the Shared Responsibility Payment you owe. Liberty Healthshare Hsa This can easily be deceptive as virtually all providers do not are the deductible within the maximum in pocket value. The first is "health insurance" which include HMO's, PPO's, and common coverage. Nov 13, 2019 · You can cancel your Liberty HealthShare membership at any time and are under no obligation to continue with the program. Keep in mind that you do pay initial membership dues of $125.00 and annual membership dues each year thereafter of $75.00. Liberty HealthShare allows you to join the program for 30 days risk free.

Is a non-profit as described under 501c3 and exempt from tax under 501a Members share a common ethical or belief system and share medical expenses amongst themselves in accordance with those beliefs, regardless of what state they reside or are employed. They are considered gifts which are tax free. This was additionally confirmed by a couple members who were audited and that’s what the IRS validated for them. Third, if you are a small business your current insurance premiums can be deducted usually from your taxes. Feb 04, 2010 · I have a Medishare health plan. Is this premium an exceptable.You Medishare payment is not deductible for federal income tax purposes as a charitable donation or as a medical expense. Since there is the strong possibility that your medical expenses will get shared by another member, you cannot deduct your share as a charitable donation. Unshared amount is not considered a deductible and there are plenty of legitimate medical costs not shared under Liberty’s plan that are considered legitimate for tax deductions. Any other physician that doesn’t participate, I get 100% reimbursed.

FREQUENTLY ASKED QUESTIONS ABOUT HEALTHCARE REFORM.A. Members of healthcare sharing ministries like Medi-Share are exempt from the individual mandate requirement. You will be asked on your tax return about your compliance with the law requirement and you will indicate that you are a member of a healthcare sharing ministry and therefore exempt.

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