Health insurance is a type of covereage that insurance companies pay for, either in part or in whole. The company can reimburse the policyholder for healthcare services and products, or pay the provider directly. Insurance policies come in different kinds to work best of people with different lifestyles, incomes, or recurring conditions.

As costs for services and products continue to go up, however, this also means insurance will cost more; both for premiums and deductibles. With these changes, insurance customers are finding it more challenging to afford insurance comfortably, while the need for this insurance for those that need healthcare is still very important.

Fortunately, an alternative to medical health insurance is available, known as medical health share plans. With these plans, you have multiple members in one plan, in which they all agree to pay for a portion of the plan for the other members when medical expenses are needed.

If you’re new to health share plans, you likely want to know what makes them so appealing over health insurance. Here are four reasons why individuals tend to gravitate towards these new health share policies.

  1. They are more affordable than insurance.

Health share plans are usually determined by the budget and income of each member. Family health share plans are also available, in which the monthly share is determined by the number of people in the household as well as the age of the oldest family member. When customers go from healthy insurance to a health share plan, they tend to save a lot of money as a result, with premiums being far less than you’d find in insurance policies.

  1. They gaurantee freedom of doctor choice.

With health share plans, you are not tethered to a network of doctors in which you have to choose within this network. If you like a certain doctor, or even a certain hospital, you are free to continue seeing that doctor or facility. The catch to this, however, is that the customer needs to bargain for the most affordable cost of healthcare. If the customer needs assistance with lowering the rate, however, the healthshare plan can provide it thanks to the contributions of the other members.

  1. Co-insurance isn’t included.

If a member makes its contributions on the Annual Hosehold portion of their health share plan, that member does not need to pay for additional coverage in that plan. With typical healthy insurance, co-insurance is often involved, requiring the customer to pay out of pocket for a fee, even if they’re fly insured. This is not the case with a health share plan, so the only thing you pay for is for the plan itself.

  1. There are no enrollment deadlines.

With health insurance, there is a deadline in which the customer needs to be enrolled by a certain date, or either they have to pay more or not get insured at all. This also is not the case with a health share plan, as you can register and enroll any time for one, and members can join pre-existing plans at any time.


Health insurance is not without its flaws, as you have restrictions over what you pay and what you can do while insured. For that matter, insurance costs go up with the increase in healthcare costs. Health share plans, on the other hand, are more flexible in terms of coverage, payment and other features. If you’re looking to switch to an alternative to health insurance, a health share plan might be right for you and your family.