Health sharing programs are becoming increasingly popular. People are starting to see them as a viable alternative to traditional health insurance. They're usually less expensive and allow participants more control over their medical decisions. But the advantages don't end there.
Medical cost-sharing, often known as healthcare sharing, is not insurance. It's generally described as a community of like-minded people getting together to share the costs of others' qualified medical bills. They're often referred to as healthcare sharing ministries because they're faith-based non-profits.
Members request that the health sharing ministry enable cost-sharing by the membership when they incur expenses for an eligible medical need. Each sharing member makes a monthly contribution to help cover the medical expenses of the other members. Members are assisting others who share a common belief system as a result of their participation.
Members can make use of extra perks in addition to having their medical costs covered. Let's look at some of the other benefits that a healthcare sharing program might provide.
Low Monthly Costs
Healthsharing is not insurance. Your monthly contribution will be smaller if you pay the first $1,000 of care rather than the first $500 of care. In most circumstances, you have a few options for what that number should be. If you pay less at the start, your monthly contribution will be higher. The more money you pay in advance, the smaller your monthly payment will be.
Because each family contributes a particular monthly dollar amount based on program options, healthcare sharing ministries are cost-effective. And the money you save can be put toward preventative care or other health-related expenses. This, in turn, saves you money in the long run.
More Affordable (Long-Term) vs. Traditional Health Insurance Plans
Over the long term, health sharing programs are typically more affordable than traditional health insurance. For example, a family of four with no tax credit might have to pay more than $2,200 a month in premiums. That is almost $27,000 a year just for health insurance!
Programs Tailored to Specific Needs
To put it another way, you get to keep your doctors. You have complete choice over who you want to see—for whatever reason—regardless of how much you contribute each month. You may personalize your healthcare to meet the needs of your family.
Whether you're single and under 35, married and both over 35 but under 50, have a family, are over 50 or are 65 and on Medicare... You can find the ideal healthsharing program for you. Programs are available for people of all ages and stages of life. 
And, after your selected unshared amount is attained, your medical costs are eligible for sharing within each program. You also have a say in who will look after you.
Freedom to Choose
There are no networks to be found. You've got the upper hand. You have a say in who you see for doctors and experts. You are not required to participate in your employer's programs. You can even change jobs or relocate to a different state. Your strategy will follow you wherever you go.
It's no surprise that healthsharing plans are becoming increasingly popular, with affordable alternatives tailored to your specific needs and designed to allow you the freedom to choose your own doctor.
The Power of Healthcare Sharing Programs
Some people prefer traditional plans, employer-sponsored plans, and Affordable Care Act policies. People with pre-existing conditions or those who prefer a PPO (Preferred Provider Organization) or an HMO (Health Maintenance Organization) are often a better fit for these types of plans.
Liberty HealthShare offers three membership programs: Liberty Unite, Liberty Connect and Liberty Essential which are attractive to singles, couples and families. In addition, Liberty HealthShare offers a sharing program designed just for young adults 18-29, Liberty Rise, and one for seniors who are enrolled in Medicare Parts A and B, Liberty Assist. While the pricing is considered moderate, the truth is that Liberty HealthShare’s programs are a better overall value than most healthshare programs.
We make submitting medical bills easy and enrolling is also extremely simple.
If you'd like to learn more, take a look at Liberty HealthShare's membership requirements. See if the terms to join are agreeable to you. Or contact us at any time with questions.
