FREQUENTLY ASKED QUESTIONS about

HEALTHSHARE PLANS for EMPLOYEES

What is group health care cost sharing?

Health sharing is an alternative to conventional insurance that allows like-minded individuals to share the cost of medical expenses according to a set of community guidelines.

What are health care sharing ministries?

Health care sharing ministries, or HSCMs are groups evolved into a diverse set of communities, each with the goal of sharing medical costs according to a set of guiding principles.

What is the advantage of health sharing over health insurance?

The biggest advantage of health care sharing is the price. Health sharing plans cost less per-month than almost any other type of health benefit.

What are the limitations of health care sharing?

Medical cost sharing programs often have waiting periods for pre-existing conditions. This can range from 12 months to 36 months depending on the organizations.

What kind of medical costs are shared under health sharing program?

– Preventive care – Doctor visits – Medical supplies – Prescription drugs – Maternity benefits – Physical, occupational, & massage therapy – Alternative treatments (with approval)

Is medical cost sharing legal?

Yes, health sharing plans are 100% legal in the United States, and are available in all 50 states. While businesses with over 50 full-time employees are required to provide health insurance, small companies have a lot of flexibility, including the option of offering a health sharing plan.

What is the minimum employer contribution for a group healthshare plan?

There are no minimum contribution amounts for healthsharing, and no minimum number of employees.

What is the maximum shareable amount for an employee health share plan?

All health sharing organizations handle benefit maximums a little bit differently. Some sharing plans offer no lifetime  or annual limit on how much can be shared, while others may have $500,000 or $1,000,000 limits.

Do health sharing plans for business work with health savings accounts (HSAs)?