Under the Affordable Care Act guidelines, members of health care sharing ministries are exempt from the fines and mandates of the ACA. The IRS has provided Form 8965 for taxpayers to claim this exemption from the individual mandate. This form is simple to fill out and easy to understand.
Follow these basic steps:
Step 1: Fill in your name and social security number at the top of Form 8965.
Step 2: Skip down to Part III (Part I is not for HealthShares) and fill in names of all individuals and their social security numbers on your tax return.
Step 3: For Exemption Type enter code ‘D’ for health care sharing ministry.
Step 4: Check the appropriate boxes for the months (or “Full Year” if for the entire 2018 tax year) you were a Member of Solidarity HealthShare.
The form and the instructions for completing the form are at: https://www.irs.gov/forms-pubs/about-form-8965
If you have any additional questions, please see the Instructions for Form 8965 or contact a tax advisor.
Blessings,
The Solidarity HealthShare Team