Health sharing originated in Amish and Mennonite communities which would pool their money to lighten the burden of individuals’ debts. Over time this practice evolved into more formal arrangements we now know as health care sharing ministries.
In the early 1980’s, health sharing emerged as an alternative to traditional health insurance, captivating the attention of individuals seeking more affordable and flexible healthcare options and growing in popularity since. The industry has since grown to sharing approximately $3 billion in medical expenses each year. But still some who are unfamiliar with the idea have questions. So, is health sharing truly a good idea? Let’s explore the benefits and considerations associated with healthcare sharing programs. By understanding its key features, limitations, and potential advantages, you can make an informed decision regarding your healthcare needs.