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Is Health Sharing an Alternative to Traditional Health Insurance?

Posted by Bobby Brown on February 26, 2023 - 7:02pm


Healthcare has become increasingly unaffordable for ordinary people in the US. It has started to cost more than house payments in many cases. It should be noted that almost 2 out 3 people who had to declare bankruptcy due to healthcare costs have had health insurance. So what is the point of insurance if it doesn't provide financial security? Adding insult to injury, there are the ever-increasing complexities of premiums, deductibles, copays, networks, out-of-pocket costs. This is why no one has any idea how much a medical visit may end up costing.

 

Health Sharing is an innovative and cost-effective, membership-based solution that is NOT an insurance plan. It is meant to provide assistance in paying for major medical expenses like ER visits, hospitalizations, surgeries, etc

 

How Does Health Sharing Work? 

Members pay a monthly membership to become part of a community, and when one of the members has a medical need that meets the guidelines for assistance, the community assists the member-in-need with paying the medical bills.  

What are the advantages of Health Sharing over traditional health insurance?

Health Sharing is a transparent way to obtain healthcare. With a health insurance plan, members never know the true cost of their healthcare because every encounter is complicated by codes, copays, deductibles, and other insurance jargon. With . Also, there are no networks so members are free to go to any facility and medical provider. As a good steward of community resources, every member tries to be a responsible consumer of healthcare by evaluating the price and quality of their healthcare providers. Most members end up saving over 50% compared to traditional insurance plans due to better control, transparency, and visibility. 

Are You Ready For A Change