Health sharing is an alternative way to pay for health care. Health sharing programs share the costs of medical expenses with other members. However, these programs lack the protections and state regulation that traditional insurance provides. While some of these programs have had a less than rosy reputation, there are also plenty of success stories. Let’s explore three health sharing programs: ShareBox, Liberty HealthShare, and Impact Health Sharing.
A ShareBox for health sharing is an account in which members can send money to cover healthcare expenses. This money is held in a secure online account. The amount of the share varies depending on the plan and the age of the member. Once funds are in the ShareBox, the funds can be transferred between members and used for approved health care needs.
Box is a cloud-based service that allows for unlimited, HIPAA-compliant data storage. It is also free to use and offers secure file access from any location or device. It also has granular permissions so users can control who can view files they share.
Zion Health sharing is a new kind of health-sharing community. This organization, originally called HealthShare, enables members to share the costs of certain medical treatments. Unlike other medical cost-sharing organizations, Zion Health sharing reinvents the concept of health-sharing. Its members can split the costs of doctor visits, hospital stays, and other healthcare-related expenses amongst themselves and their family members.
Zion Health members are eligible to use the annual provider visit benefit for a variety of medical services, including eye care, dentist visits, and specialist visits. Additionally, there are no lifetime or annual caps on medical services. Zion Health will negotiate the amount of your medical bill with your health insurance provider, so you don’t have to worry about being responsible for the full cost of health care.
Liberty HealthShare is a Christian non-profit organization that provides a cost-effective way to share medical costs. It is not an insurance plan, but rather a voluntary sharing program between members. Its members pay a monthly membership fee and then split the cost of any medical expenses. Unlike insurance, however, health sharing is a much more cost-effective option.
Members of the Liberty HealthShare program must follow strict Christian standards and refrain from tobacco use and alcohol abuse. In addition, medical bills related to dangerous activities are never shared. After agreeing to these terms, the next step is to submit an application. The application takes about three days to process. The cost for the program is $159 per month.
Impact Health Sharing
A health sharing plan is different from traditional insurance because it allows members to contribute to the health care costs of others. Each member pays a set monthly share amount, based on their age, household size and Primary Responsibility Amount, which is then used to pay medical bills and build medical reserves. Members submit bills electronically to the health sharing program. They also receive notifications before the money is transferred to another member.
The Impact health sharing plan provides members with affordable and comprehensive health care plans. It is not the same as health insurance and offers members a new, modern approach to health care. Plans start at $73 per person and $378 for a family of four. The plan is also tailored to specific needs and offers special pricing for seniors. Members are also offered a wide range of benefits, including telemedicine 24 hours a day and prescription discounts.
Christian Healthcare Ministries
Christian Healthcare Ministries are becoming more popular than ever. Because they are so affordable, more people are turning to these organizations for their health care needs. Christian Healthcare Ministries offer several benefits, including medical cost sharing, which means that you don’t have to pay for all of your medical bills. And, they allow you to share health information about yourself with other Christians in your community.
Founded in 1981, Christian Healthcare Ministries is the longest-running HealthShare ministry in the United States. In just 30 years, they have shared more than $6 billion in medical bills. They are not a health insurance company, but rather a group of hundreds of thousands of Christians who share health information. The organization is Better Business Bureau-accredited and is controlled by an independent Board of Directors.