Are you frustrated by the rising cost of healthcare? Are you concerned by how your insurance premiums are being utilized? Do you have a large family or own a small business?
If you answered “yes” to one or more of these questions, perhaps it’s time to take a look at the Medi-Share healthcare sharing ministry.
In this article, we’ll discuss some common questions that you may have about the program.
What is Medi-Share?
Medi-Share is a Christian healthcare sharing ministry. Members of Medi-Share share each other’s medical expenses. Medi-Share is administered by Christian Care Ministry, which is based in Melbourne, Florida. According to Christian Care Ministry’s documentation, Medi-Share households have saved and shared $2.6 billion in medical expenses since its founding in 1993.
Is Medi-Share Health Insurance?
No, Medi-Share is not health insurance, but the program does provide an alternative solution for Christians who are tired of rising health insurance premiums. Please read Medi-Share’s disclosures here.
How Does Medi-Share Work?
Instead of paying a monthly premium as with health insurance, Medi-Share members pay a monthly share. The share is based on the ages and number of people in your household. Shares are immediately matched to other members’ medical expenses. Instead of having a deductible, Medi-Share members have an Annual Household Portion (AHP), which is the amount each household is responsible for before medical bills become eligible for sharing. AHP options range from $1,000 to $10,500.
How Much Does Medi-Share Cost?
When compared against health insurance premiums, Medi-Share can be more affordable for a family’s budget – especially families with many children. That’s because the monthly share amount does not increase when you are blessed with more children. At the time of publication of this article, a family of two parents (who were born in 1980) and four young children could expect to pay as little as $281 for the standard monthly share.
What If I Have Pre-Existing Conditions?
Medi-Share does have some stipulations that apply to pre-existing conditions. Be sure to read pages 29 – 31 of this brochure for additional information.
Is There a Cap on Sharing?
According to Medi-Share’s guidelines, “Each Member enjoys sharing of his or her Eligible Medical Bills with no annual or lifetime limit.”
Need Additional Information?
The team at Kincaid Insurance is excited to help people in Southern Indiana, Western Kentucky, and Southern Illinois learn more about the Medi-Share healthcare sharing ministry. Contact us to schedule a free consultation and ask us anything about the program.
Medi-Share is a registered trademark of Christian Care Ministry