A HealthShare operates under a different set of rules than traditional health insurance plans, and many are exempt from state laws that normally govern health insurance.
Their monthly contributions are often far lower than insurance premiums, making them a smart choice for many individuals. (often 1/2 or less than the cost of health insurance.)
For this reason, understanding exactly what benefits healthcare sharing offers, what types of expenses are shared, what sharing limits may apply, who is eligible, and how these health sharing programs will compare to your current healthcare plan is crucial. (the term "shared" is the equivalent to the term "covered" in health insurance.)
Because healthcare sharing programs are not insurance and are rooted in Christian beliefs, medical costs related to drug abuse, abortion, maternity costs out of wedlock, and injury resulting from illegal activities, are often not shareable.
Generally members of the HealthShare come together to decide what types of medical needs align with their shared beliefs and which they are willing to include in their share plan. (be sure to understand the shared and non shared beliefs of your HealthShare of choice.)
Eligible expenses are usually outlined in the ministry’s individual member guidelines.
If your lifestyle is not consistent with the values outlined by the specific HealthShare you are interested in, then it is likely not a good fit.