Health Share Programs, sometimes called Christian Healthcare Programs or Health Sharing Ministries, offer financial help to those who are looking to keep their out-of-pocket medical costs low by sharing the cost of each other’s healthcare. Members of these organizations share the cost of eligible medical expenses and have access to these funds when their need to pay for medical services arises.
Health sharing ministries offer financial help to those who are looking to keep their out-of-pocket medical costs low by sharing their health care expenses with other households.
Christian Health Share Programs are relatively straightforward in the way they work.
Here’s a top-level look at what happens:
Those who wish to be a part of a Health Sharing Program must meet certain criteria to be eligible for membership. For example, in faith-based Health Share Programs, interested parties must maintain a healthy lifestyle and understand that they will be a part of a community of like-minded people of faith.
When members of the program require healthcare, their benefits are applied, and they are able to access funds if they incur medical costs that fall under the category of Eligible Medical Needs.
Some use the terms “health sharing” and “health insurance” interchangeably, but they are not the same. Here are a few ways that Health Sharing Programs are different from health insurance.
Some benefits that come with being a part of a Health Sharing Program are: