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Health sharing plans come with significantly lower monthly costs, compared to traditional ACA-style health insurance policies. This makes them an attractive alternative for families looking to save money – especially if they are in good health, with no significant pre-existing conditions.
Traditional Health Insurance vs. Health Sharing Plans at a Glance
| Traditional Health Insurance | Health Sharing Plans |
|---|---|
| High cost, but qualifies for subsidies | Lower cost, does not qualify for subsidies |
| Immediate coverage of pre-existing conditions, surgeries | Costs related to pre-existing conditions, surgeries may be subject to waiting periods |
| Secular | Many, but not all, are faith-based |
| Subject to regulation by state insurance commissioners | Not regulated by state insurance commissioners |
| Narrow care networks (HMOs and PPOs) | More freedom to see providers of your choice |
| Limited open enrollment periods | Enroll at any time |
