Got Tax Questions?

Feb 11, 2021

Reading time: 1 Minutes

Filling out tax forms

Updated: January 2024

 

Instructions for Medi-Share Members When Filing Income Taxes

 

Here are some answers to some of the more commonly asked questions about filing taxes as Medi-Share members. Remember, you should always seek the advice of a tax professional.

 

Deduction of Share Portions: Medi-Share is not insurance and Medi-Share members CANNOT deduct their monthly share portions from their federal income tax unless you are a resident of Missouri, where you can deduct share amounts from your State income taxes.

 

HSA and Medi-Share: Health Savings Accounts (HSA) only work with high-deductible health insurance plans, so members of health care sharing ministries are not able to take advantage of HSAs. Health care sharing ministry programs are not offered by an insurance company, and the benefit is not insurance. Therefore, the membership fees/donations are not reimbursable according to IRS guidelines.

 

State Exemptions: The ONLY states/territory requiring exemption forms for tax year 2023 are California, Massachusetts, Missouri, New Jersey, Rhode Island, and the District of Columbia (D.C.).

For more information on filing taxes in any of the states/territory listed above, visit that specific link(s) below to gain access to the filing forms:

 

- California
- Massachusetts
- Missouri
     - Instructions
     - Form(s)
- New Jersey
     - Exemption
     - Form
- Rhode Island
- District of Columbia
 

 

If your state or territory is not mentioned above, there is no current state requirement to purchase health insurance or have an exemption.

 

 

Comments
Authors
Subscribe To The Blog

Subscribers get all of Medi-Share's most recent and relevant content conveniently emailed to them once a week. Sign up today!

Follow Us

Medi-Share Is A Community Of Like-Minded Christians

Medi-Share is an innovative health care solution for Christians looking to save money without sacrificing on quality.