A health care sharing program is a faith-based program that facilitates the voluntary contribution of shares among members to be eligible for medical expenses.
The selected members send their regular contributions to the organization in accordance with the rules that regulate the program. These programs are built based on the principles of people who have common interests, values and beliefs of joined hands together so as to share the burden of one another; this is what makes it different from the traditional insurance that pools the risks of many people together.
Such shared programs can help you to cover unexpected health insurance if you don’t have typical health insurance. Shared healthcare organizations are not like discounted health programs or commercial insurance.
One of the most significant advantages of health sharing organizations like Liberty or Medishare is the reduced overall cost compared to the other marketplace insurances. They are much less expensive compared to health insurance. This makes it possible for families to become members of the health care organization at a reasonable cost compared to the high and unsubsidized costs of traditional insurance. To add to this, healthcare sharing organizations have very low out of pocket expenses, which you will have to incur.
With shared healthcare organizations, you will have an opportunity to choose your doctor. You will select a doctor who you prefer to treat your medical condition, unlike the marketplace insurance, which may only be accepted at a few facilities.
Advantages of health sharing organizations
If you are a member you will enjoy the following benefits;
You don’t have to be employed or state of residence.
You won’t be subjected to lifetime or annual limits.
They are cost-effective as each family has an opportunity to choose a plan that is convenient for them.
Your membership won’t be terminated for developing a certain medical condition that may be seen as costly
Health sharing organizations are very beneficial. Not only are they cost-effective but also efficient in terms of service delivery to their clients. Need Health Insurance? Check out Non-Profit Health Sharing Plans today