Tax Information

NOTE: you should always seek the advice of a tax professional

  • Tax donation letters documenting your 2022 donations totaling $250 or more to Altrua Ministries were sent out January 31, 2023.

  • Federal Individual Mandate: it is not necessary to provide specific tax forms indicating exemption from the ACA mandate

  • State Individual Mandate: the ONLY states/territory requiring exemption forms for tax year 2022 are the District of Columbia (D.C.), California, Massachusetts, Missouri, New Jersey, Rhode Island, and Vermont.

Answers to some commonly asked questions

Currently, you cannot fund an HSA if you do not have an HSA compatible insurance plan. Altrua HealthShare memberships are NOT health insurance.

Health insurance premiums are tax-deductible. Health care sharing contributions are not. NOTE: medical expenses may be deductible subject to a threshold based on a percentage of your adjusted gross income.

Effective 1.1.2019, the federal mandate and penalty for not having health coverage was changed. The ACA individual mandate still exists in the law, but the Administration made the penalty equal to $0. Therefore, individuals no longer need to provide Form 1095A or the IRS Exemption Form 8965 to avoid federal tax mandate penalties. There are certain states that have individual mandates. Please consult your tax advisor for additional information.

Altrua Ministries Tax ID# is 87-0648665

The above is provided as an informational service only for members and is not tax advice. For tax advice, please contact your tax adviser.

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