501(c)(29)

501(c)(29) is an Internal Revenue Service (IRS) tax exemption status that applies to CO-OP health insurance issuers under the Affordable Care Act. These entities are nonprofit organizations that receive loans or grants from the Centers for Medicare and Medicaid Services (CMS) CO-OP program in order to offer health insurance to consumers. 501(c)(29) organizations may not operate for the benefit of any individual or shareholder, but must devote their earnings to providing affordable health insurance.

Examples

Arches Health Plan logo

• Arches Health Plan (Utah)
• Colorado HealthOP (Colorado)
• Common Ground Healthcare Cooperative (Wisconsin)
• Consumers' Choice Health Plan (South Caroline)
• Evergreen Health Cooperative (Maryland)

See also

• 501(c)
• Internal Revenue Service
• Nonprofit organization

External links

• Section 501 of the IRS code