If you have found that the affordable care act isn’t so affordable, there is another option: A Health Care Sharing Ministry.
It shouldn’t be much of a surprise that when the government gets involved, efficiency goes down and costs go up. Not only that, but they made an already complex system even harder to understand.
You have probably heard that the federal government now mandates health insurance, so you don’t really have a choice – you must purchase health insurance whether you need it or not… or pay a hefty fine.
But there is a better option… if you qualify.
You can opt out of the government’s mandated health insurance by joining a Health Care Sharing Ministry. This makes you exempt from the federal tax penalty for those without health care insurance.
But there is a catch…
A Health Care Sharing Ministry is a Christian organization (not insurance) that shares funds contributed by members with those that need them to cover health care bills. To participate, you need to affirm that you will abide by the ministry’s Christian beliefs.
So if you are already a Christian believer, you probably qualify.
Now there is a bit more to it than that. Each member has a monthly sharing contribution that is determined by these 3 things:
1. Number of Family Members (singles, couples, families)
2. Age of Each Family Member, plus height, weight and waist size
3. Annual Household Portion, or AHP (like a deductible – you choose the level you want)
How It Works
I have found that a Health Care Sharing Ministry is more affordable than health insurance. It also is much simpler.
For example, you pay your medical costs until your family reaches it’s AHP for the year. After that, the Health Care Sharing Ministry covers 100% of the rest of the medical bills.
There are 2 major Health Care Sharing Ministries at the time of this writing: Medi-Share (aka, Christian Care Ministry) and Samaritan Ministries International (aka, Christian Health Care Newsletter).
Both were founded in the early 1990’s, have over 100,000 members and have shared hundreds of billions of dollars in medical costs between members.
I chose Medi-Share for a couple of reasons:
1. The monthly share amount has a wider range of price options
2. The whole process was very simple and easy to use and understand
Watch the video below to see how Medi-Share can work for you.
Your family can join their community of 214,000+ believers that share in each other’s medical burdens. And since 1993 $1.4 Billion in medical expenses have been shared and discounted by Medi-Share members.
With Medi-Share your family won’t need to worry about the mandate to purchase health insurance or pay costly penalties and fees. Members are exempt through a special provision in the Affordable Care Act.
It’s Biblical! Based upon principles of the early church found in the book of Acts, Medi-Share is a community of Christians sharing in each others’ burdens. Likewise, the members have voted against sharing in procedures that go against your beliefs!
So if Medi-Share sounds like the right fit for you, click here to learn more.