Families and communities will forever be with you. When times are rough, they will ensure that you are taken care of. What happens when you need medical expenses? Do they take care of that as well? Traditional health insurance is what you turn to, but it is not affordable for most people.
Traditional health insurance premiums are expensive and not within everyone’s budget. What to do? You would need some funds when a family member or you are extremely sick or injured. The best healthcare sharing plans will come into the picture and save the day.
Before you opt for specific healthcare sharing plans, skim through the comparison post and make a wise decision. You should know the perks and downsides of each.
What is a healthcare sharing program?
Healthcare sharing programs are usually faith-based. There are members in the community that chip in a monthly amount which is less than what you pay as monthly premiums towards health insurance.
A family can start paying monthly premiums of $300 to $500 towards healthcare sharing programs. However, the members of the program are supposed to lead a healthy life. The idea of taking care of their body is endorsed.
The coverage is limited, but it is helpful when you need the funds. Some people do not get coverage from their employers and the government is not willing to help them. In this case, you get to rely on a healthcare sharing program.
Every healthcare sharing program will have a different policy. In some cases, you would need to attend church or follow a specific workout or diet regimen.
The members urge you to lead a healthy lifestyle so that you stay fit and the chances of getting sick become low.
How is Healthcare Sharing Program Different from Traditional Health Insurance?
You may have noted the difference between health sharing programs and traditional health insurance.
In traditional insurance, the government or the company promises to pay you X amount when you get sick or injured. There is a legally binding contract between the insured person and the insurance company.
The monthly premium can be as high as $1200 a month. Some people can’t afford it, and they are not in the position to sign a contract. In this case, they can turn to a healthcare sharing program which is not exactly an insurance, but it works when you need medical expenses.
Health insurance costs are rising which is why people are turning to alternatives, and healthcare sharing programs is one of them.
There is a dramatic increase in the membership, and people are finally realizing that traditional health insurance is not the last option. When medical emergencies knock the door, you feel overwhelmed and try to think of all the family members who could help you financially.
Some people don’t have family support, and they require a little bit of financial help for medical expenses. Life is precious – if you can’t afford traditional health insurance, opt for the healthcare sharing program.