No. Health care sharing is not health insurance. Although health care sharing does fulfill our members’ need to keep down their costs for health care, it is not the same as insurance. Solidarity HealthShare facilitates the voluntary sharing of money among its members to pay for eligible medical expenses. While this means there is no guarantee there will be funds available if a medical event arises, so far every medical need that meets the Sharing Guidelines has been paid for by Solidarity members.
Members of Solidarity qualify for the health coverage exemption of the Affordable Care Act (ACA) and are not subject to the fine for not having health insurance. This is because Solidarity is a tax-exempt organization whose members share a common set of ethical or religious beliefs and share medical expenses according to those beliefs.