What Are Health Sharing Ministries?
The Short Answer:
First of all, Healthcare sharing ministries (HSMs) are non-profit organizations that share health care costs among members. These members have common ethical or religious beliefs. An HSM does not offer health insurance. Rather, they offer to share healthcare expense among members as they are able. They do not accept risk, make no guarantees and do not purchase reinsurance policies. Some 30 states have passed safe harbor laws distinguishing HSMs from health insurance organizations. Some of the larger HSMs include Christian Healthcare Ministries (established around 1981), Medi-Share (1993), Samaritan Ministries (1994), Liberty HealthShare (1998), and United Refuah HealthShare (2014). New to the game are MCS Medical Cost Sharing, Altrua HealthShare, and Freedom HealthShare. With this sharing method, the costs of membership are generally much less than individual or family insurance plans. However, members are not eligible for a Health Savings Account.
Most HSMs are oriented toward practicing Christians and are aligned with biblical principles. In other words, this means that members believe they have a responsibility to assist in meeting each other’s needs. HSMs commonly reference the New Testament (NIV) to support this thesis of their ministries. One common reference is the book of Galatians 6:2. Here the Apostle Paul writes “Carry each other’s burdens, and in this way you will fulfill the law of Christ.” Another common reference is the New Testament (NIV) Book of Acts 2:44–45 which reads: “All the believers were together and had everything in common. They sold property and possession to give to anyone who had need.”
According to the Alliance of Health Care Sharing Ministries, more than 1 million Americans participated in HSMs as of February 2019. They shared more than $670 million in medical bills annually.
Most HSMs tend to have restrictions such as abstaining from extramarital sex, excessive drinking, and use of tobacco or illegal drugs. Therefore, they usually require members to make a statement of belief. For instance, Samaritan Ministries requires a statement of Christian faith including belief in the triune God and divinity of Jesus. Liberty HealthShare and Freedom HealthShare are more inclusive, accepting members with a wide variety of religious and ethical beliefs. In contrast, United Refuah is the first and only Jewish HSM. However, all such HSMs require that members subscribe to the principles of individual responsibility for their own health and of helping others in need.
Learn More About Insurance And Buying Healthcare Online
Cash is king because it lowers the cost of providing care.
The doctor doesn’t have to deal with insurance billing, delayed payment or collections. That’s about 25-30% of their overhead.
Our independent providers don’t charge “facility fees” which are allowed by insurers to compensate hospitals for costs associated with operating a hospital.
Our providers are competing for patients against Billion Dollar plus Health conglomerates.
Co-Insurance is way to split payment for specific services between you and your insurer. Typically only certain high cost services will have a co-insurance payment, like hospitalization. With a co-insurance amount (usually a percentage of the allowable charge), you will always pay that percentage each time you use that specific service.