In recent years, the healthcare industry has seen a surge in alternative models, and one of the fastest growing is the concept of healthsharing or health shares. If you’ve been exploring healthcare options, you might have come across this term and wondered what it’s all about. If that’s the case, then HealthSharing Reviews is the place for you. We have done our research on all the major health share companies, so you can make informed decisions. And we hope this post can serve as a jumping off point for learning the basics, so let’s dive into the world of health shares and see how they might fit into your healthcare journey!

What are health shares?

At its core, a health share, also often called a health care sharing ministry, is a group of individuals who come together to share the cost of medical expenses. Unlike traditional insurance, where you pay a premium to an insurance company, with health shares, you contribute a set amount each month into a communal fund. When a member incurs a medical expense, they can submit a request, and the community helps cover the cost. It’s a system built on mutual aid and community support.

The benefits of joining a health share

  1. Cost: Often, members find that health shares are more affordable than traditional insurance premiums, especially if they’re generally healthy and don’t require frequent medical care.
  2. Transparency: With health shares, you typically have a clearer understanding of where your money is going. You can see the direct impact of your contributions as they help fellow members.
  3. Community Focused: Being part of a health share means being part of a community. There’s a shared sense of responsibility and mutual support that many members value deeply.

Things to consider before joining

While health shares offer advantages for many, they might not be a perfect fit for everyone. Here are some issues to consider:

  • Limitations: Health shares might not share the costs of all types of medical procedures or treatments. As part of your own research, you’ll want to make sure you read a company’s guidelines and understand what’s included.
  • Pre-existing conditions: Some health shares might have restrictions or waiting periods for pre-existing conditions.
  • Responsibility: Remember, it’s a communal fund. While there’s a sense of community, there’s also a shared responsibility to ensure the fund remains sustainable. As most health shares will remind you, the ultimate responsibility to pay your medical bills falls on you.

The future of health shares

As we move further into 2023, the popularity of health shares continues to grow. A recent study conducted in Colorado concluded that nationwide health share membership was over 1.7 million, and likely even higher after accounting for lack of clarity in some of the data. With an increasing number of people looking for alternative healthcare solutions, health share companies are innovating and expanding their offerings all the time. It’s an exciting time for this industry, and if you’re thinking about joining a health share yourself, the future certainly looks promising.

Health shares offer an exciting alternative to traditional health insurance. They bring a sense of community, transparency, and cost savings. If you’re looking for a healthcare solution that aligns with your values and your needs, a health share might be worth exploring. Your health is invaluable, and you deserve a solution that works for you.