What is a healthcare sharing ministry?

Members of a healthcare sharing ministry are exempt from the Obamacare penalties.  Here is the applicable code:

26 U.S. Code § 5000A(d)(2)
(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.

The biggest healthcare sharing ministry is Christian Care Ministry, and the cost would be about $200-$300/mo.  It's something to look into at least.