Health Care Sharing Ministries like OneShare Health have become increasingly popular in recent years as more people seek alternative options to traditional health insurance. However, there are still many misconceptions and misunderstandings surrounding these organizations. In this article, we'll provide accurate information to help you make an informed decision about your healthcare.
Myth: Health Care Sharing Ministries are not regulatedFact: HCSMs are 501(c)(3) charities, so they are regulated by the IRS and by state attorneys general. This means that they are required to meet certain standards for Sharing Services. If you're not eligible for ACA premium subsidies and are facing the possibility of being uninsured altogether, HCSMs are a great way to still get access to the healthcare you need and reduce your cost.
Myth: Health Care Sharing Ministries only cover certain medical conditionsFact: HCSMs, like OneShare Health, offer comprehensive Sharing Services for a wide range of medical services, including preventative care, specialist visits, and hospitalization. However, depending on the specific program, some pre-existing conditions may not be eligible for sharing.
Myth: Healthcare Sharing Ministries are not affordableFact: Healthcare Sharing Programs can be significantly more affordable than traditional health insurance. OneShare Health offers a range of programs with monthly share amounts starting as low as $89, which is often much less than traditional health insurance premiums.
Myth: Health Care Sharing Ministries are only for healthy individualsFact: HCSMs are designed to provide Sharing Services for individuals of all health statuses. While some pre-existing conditions may not be eligible, many Healthcare Sharing Programs offer Sharing Services for a wide range of medical needs. Further, pre-existing condition limitations usually only apply during an initial waiting period.
Health Care Sharing Ministries like OneShare Health can be an affordable and comprehensive alternative to traditional health insurance. By understanding and addressing common misconceptions, individuals and families can make informed decisions about their healthcare.
Contact OneShare Health today to learn more about our Healthcare Sharing Programs and how we can help you achieve your healthcare goals.
