Health Care Sharing is Exempt from ACA Penalties
 

Members of a recognized Health Care Sharing Ministry are exempt from the requirement of maintaining health insurance and are also exempt from the penalty that is now required of those that do not have Health Insurance.

PPACA: The new health care reform legislation is called The Patient Protection and Affordable Care Act (ACA). Better known as “ObamaCare”.

INDIVIDUAL MANDATE: The ACA legislation contains many provisions that are complex and detailed about our nation’s health care. Among these provisions is the ‘individual mandate’, the requirement that every American purchase health insurance. Under the law, you must purchase health insurance by March 31, 2014, be exempt from the law, or face a penalty imposed and collected by the IRS.

BE EXEMPT: Members of a recognized Health Care Sharing Ministry are exempt from the mandate to purchase health insurance by 2014 or face financial penalties. Enrollment with a recognized Health Care Sharing Ministry REMOVES your requirement under the healthcare mandate to purchase health insurance and also removes the penalty.

RECOGNITION: In 2014 Altrua Ministries, dba Altrua HealthShare received its recognition as a Health Care Sharing Ministry recognized by the Centers for Medicare & Medicaid Services (CMS). As a result, the members of Altrua HealthShare have the security of being members of a recognized Health Care Sharing Ministry. Altrua HealthShare is a Health Care Sharing Ministry that is a 501(c)(3) non-profit organization that facilitates the sharing of eligible medical needs between members.
Altrua Ministries, dba Altrua HealthShare received its recognition letter from CMS on December 19, 2014.

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EXEMPTION ACTION POINT: 2014 TAXES: The IRS has prepared tax forms for the 2014 tax year, which allow taxpayers to claim exemption as a member of a Health Care Sharing Ministry.  These forms are simple to fill out and fairly easy to understand.  Form 8965 simply asks for the Code under which members are exempt. Members of a Health Care Sharing Ministry utilize a Code “D” exemption. The 2014 tax forms do not ask for the name of the exempt Health Care Sharing Ministry. On Form 8965, leave Parts I and II blank, and in Part III, members simply write in the letter “D” in the column titled “Exemption Type.”  In the event an accountant or tax preparer asks for the name of the recognized HCSM through which members share medical needs, the recognition name of our Health Care Sharing Ministry is: “Altrua Ministries” the program name is Altrua HealthShare