Health Sharing Fact 1: Healthshare Plans Make It Possible to Share the Cost of Medical Expenses
Healthshare programs allow community members and like-minded individuals to share the cost of healthcare. When members experience a sudden or unexpected healthcare bill, the costs can be reimbursed by the member community. Similar to health insurance, healthshare programs ask members to make a monthly contribution in exchange for sharing services.
Health Sharing Fact 2: Healthshare Plans Are Not Insurance
These plans are offered by Health Care Sharing Ministries (HCSMs). These are private organizations that are not subject to the rampant over-regulation of traditional insurance. This allows them to be more affordable than many health insurance plans.
Because ACA health insurance isn’t a good fit for everybody, healthshare plans are a much needed 2nd option for the American consumer.
Healthshare Fact 3: HCSMs Have Rules for Membership Eligibility
Because HCSMs are private, community-based organizations, all members must meet a set of eligibility requirements. These requirements vary depending on which HCSM you choose.
In general, membership eligibility includes agreeing to support your community, live a healthy lifestyle, and avoid illicit drugs and activities. Many HCSMs also have a faith-based component, most of which are based on the teachings of the Christian bible.
Healthshare Fact 4: Healthshare Plans Have Limits on Pre-Existing Conditions
While the rules vary by program, most healthshare plans have more limitations on pre-existing conditions. This usually includes a 1- or 2-month waiting period before medical expenses can be shared.
If you’re thinking about switching to a medical sharing plan, ask your Personal Benefits Manager to find one that works with your medical needs.
Compare Pricing on the Best Healthshare Plans Available
Health Sharing Fact 5: Some Health Sharing Plans can be HSA-Qualified
Health Savings Accounts, or HSAs, are a valuable investing tool where you can save pre-tax money to use on health expenses. Until recently, however, HSAs were only available to individuals in high-deductible insurance plans.
Now, by enrolling in a Minimum Essential Coverage (MEC) plan, it’s possible to combine the low monthly cost of a healthshare plan with the savings potential of an HSA.
MPB Health is one HSCM that offers an HSA-qualified healthshare plan. Your Personal Benefits Manager can help you switch over.
Health Sharing Fact 6: We’re Here to Help, And Our Services are 100% Free
With HSA for America, you gain access to your very own Personal Benefits Manager (PBM). Your PBM is an expert guide to all things healthcare, whether it’s comparing insurance plans or exploring helpful alternatives like healthcare cost sharing.
Here are some additional articles on healthsharing programs: How to Pair a Health Sharing Plan with your Direct Primary Care (DPC) Membership | The Battle of Our Time: Fighting for Healthcare Freedom
Here are some additional pages related to this article: Healthshare Plan Information | How Smart Consumers are Opting Out of Obamacare and Slashing Their Costs by Joining Healthshare Programs
Hi! I’m Misty Berryman, and I’m one of your Personal Benefits Managers. I like working with HSA for America because we’re creating solutions to healthcare problems. Our focus on money-saving alternatives like HSA plans and health sharing programs, and the variety of health share programs we offer, are what set us apart. Read more about Misty on her Bio page.