If you’ve ever looked into alternatives to traditional health insurance, you’ve probably come across something called a health care sharing ministry (HCSM) or health sharing program. And maybe you thought, “Isn’t that just a different kind of insurance?”The short answer is no: HCSMs are not insurance! Let’s break it down so you can make an informed choice for your health and your wallet.

What Is Health Insurance?

Traditional health insurance is a contractual agreement between you and an insurance company. You pay a monthly premium, and in return, the insurer agrees to cover a portion of your medical costs, depending on your plan.

Here’s how it typically works:

• You pay premiums, deductibles, co-pays, and coinsurance
• You’re limited to a provider network
• Plans are regulated by state and federal governments (including ACA requirements)
• Costs may go up annually, regardless of how often you use it

What Is Health Sharing?

A health sharing program is a community-based approach to medical cost sharing. It’s not insurance, and doesn’t operate like it. Members contribute a monthly share amount, which is pooled together to help cover one another’s eligible medical expenses.

Some key differences:

• Members share funds through a non-profit administrator with one another (no corporate insurance company in the middle)
• Most HCSMs are faith-based or values-driven nonprofits
• You normally get the freedom to choose your own doctors
• Costs are generally lower and more predictable

Quick Comparison: Insurance vs. Health Sharing

What Option Is Right for You?

Health sharing offers a simpler, more personal, and often more affordable path for individuals and families who want flexibility and control. Want to learn more about how it works? Explore our health sharing plans or contact us today for a free quote!