Health Share Coverage

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What is a Health Share?

Health shares are groups of individuals who collectively contribute to a managed fund to pay for healthcare expenses, operating in a manner similar to traditional insurance plans.

 

How Health Shares Work

  • Members make a monthly contribution to their health share organization.
  • The monthly contributions are collected into a managed fund.
  • When a member is in need of medical care, their health share plan will provide assistance with their medical bills.
What is a Health Share

Benefits of Health Shares

Determining whether health shares are suitable for your needs requires careful consideration.

Flexibility in Provider Choice

Health shares typically do not have network restrictions, allowing members to choose their preferred healthcare providers without being limited to specific networks. This flexibility gives individuals the freedom to seek care from doctors, hospitals, or specialists they trust and prefer.

Affordability

Health shares often provide a more cost-effective option for managing healthcare expenses compared to traditional health insurance plans. Members typically pay lower monthly sharing amounts (similar to premiums) than they would for insurance coverage, which can lead to significant savings.

Shared Community and Support

Health shares foster a sense of community among members who share similar ideals. This shared community can provide support, encouragement, and the opportunity to connect with like-minded individuals who understand their values and experiences.

Shared Decision-Making

Members of health shares are often encouraged to actively participate in their healthcare decisions. This shared responsibility empowers individuals to have a say in their treatment options and engage in shared decision-making with their healthcare providers.

Exemption From Insurance Mandates

Depending on the jurisdiction, health shares may be exempt from certain insurance mandates. This exemption can provide individuals with an alternative option for managing their healthcare costs, potentially avoiding penalties or requirements associated with traditional health insurance.

Health Shares vs. Health Insurance

There are a lot of similarities between health shares and health insurance, but there are also important differences. It’s important to consider all of the following when choosing between health shares and health insurance:

Health Shares are organizations that members contribute monthly to pay for medical expenses. Each health share has different guidelines for members to adhere to.

Health Shares typically have lower pre-subsidy costs than comparable ACA/Obamacare plans because they are based on household income.

Health Shares offer Nationwide PPO networks versus local HMO/EPO networks through Obamacare. 

Health Shares are available to enroll 365 days a year with no qualifying event needed. 

Health Shares are automatically renew, so there is no need to have renew your plan each year.

Health Shares membership fees are not tax deductible.

Traditional Health Insurance VS. Health Sharing Plans

Working With A Health Insurance Broker

A broker is objective, experienced, and will save you time by doing all of the research for you.
Whenever and however you need it.

A Broker Is Objective

When it comes to finding the right health coverage for your needs, working with a broker has a number of advantages. Here are just a few of the reasons why you should consider working with a broker when shopping for health coverage.

Marquan Hughes

Junior Partner

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Driven by our mission to Positively Impact People’s Lives, we empower individuals and families to find the perfect healthcare coverage. Since 2010, we have secured over 32,000 of affordable health plans for those seeking coverage. Our team of dedicated health insurance advisors go beyond quotes – offering competitive pricing, a wide range of options, and unparalleled advocacy for your well-being. Our goal is to make sure that you feel confident and have peace of mind knowing that your health coverage is taken care of.

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