What is a healthshare?
You’ve probably heard the term by now but maybe never really understood what it was. Maybe you had a friend mention they were using it or saw in online somewhere else. But learning about healthshares can potentially change your life and how you view your healthcare.
With the skyrocketing prices of healthcare here in the US, more and more people are turning to alternatives for their healthcare plans–and healthshares keep getting more and more mentions.
So, what exactly is a healthsharing then? Essentially, these are medical cost-sharing programs that serve as an alternative to health insurance. They are very similar in the sense that you make a monthly payment and, in turn, the program would pay for any qualifying healthcare bills that you may incur while you are a member. Sounds pretty familiar, right?
How does it work?
First, you would need to decide which organization you want to sign up with. There are a lot of options out there these days but some of the bigger ones are Liberty Healthshare, Altrua, Christian Healthcare Ministries, Samaritan Ministries, Christian Care, and Solidarity Healthcare. We’ve got reviews on all of these so you can just click on the links to see what some members are saying about the programs–you can also reach out directly to Healthsharing Reviews and talk with some reps that will answer any questions you may have.
Once you’ve decided which ministry to go with, you can contact them directly or you can contact Healthsharing Reviews and we will have a rep help you get signed up.
After getting signed up, there is normally a waiting period ranging from 30-90 days depending on the organization and the program you choose. This is mostly to help prevent any major medical bills that you may have foreseen coming and decided to sign up real quick so you could just dump the bills on them.
Each month, you will contribute an agreed upon amount–this is normally referred to as your “sharing amount”. Whenever you receive a medical bill, you can simply submit the bill to your ministry and if it qualifies, it will be submitted for “sharing”……this just means that the bill has been accepted. As a member, you will have an amount that you will have to pay out of pocket each year before the sharing actually kicks in. Some ministries refer to this as your Annual Unshared Amount.
Why should I join one?
There are many reasons why people join healthsharing ministries, but the biggest one is mostly pricing. These programs are significantly cheaper than normal health insurance in the United States. If you’re a relatively healthy person and don’t visit the doctor that often, then this is a great option to consider.
If you’re Christian, then you might especially enjoy joining a ministry as they are rooted in their religious beliefs and are even considered religious organizations.
How much do they cost?
Like any other type of healthcare plan, pricing varies greatly depending on many factors. Some of these factors include:
- Amount of bills you want to have shared
- Number of members on the plan
The best thing to do is to research a couple of different options and see which plans fit your budget. Of course, you can have one of our reps reach out and help you with that as well!
Which is the best one?
For the most part, members at each healthshare believe theirs is the best, and I think this is due to the fact that they are all pretty great! You will, of course, find reviews online and even here on this website that might speak negatively about their ministry, but you should keep one thing in mind: most of these ministries have hundreds of thousands of members. There are always going to be a handful of unhappy customers when you have that many.
Reach out to us today and figure out which one works best for you!