Medishare: What You Need to Know

What is Medishare?

Medishare is a faith-based health cost-sharing ministry that has recently gained attention as a potential alternative to traditional health insurance. Unlike traditional insurance companies, Medishare is not-for-profit and operates on a Christian-based belief system. Members of Medishare agree to share medical expenses with each other, rather than relying on a third-party insurer.

Is Medishare Legitimate Insurance?

The legality of Medishare as insurance is a matter of ongoing debate. While Medishare is not considered insurance under the Affordable Care Act (ACA), it may meet the definition of insurance in some states. However, it is important to note that Medishare is not regulated by state insurance departments and is not subject to the same standards as traditional health insurance plans.

Religious Considerations

Medishare requires members to share certain religious beliefs, including the belief in God as their eternal savior. This requirement has raised concerns about discrimination against non-Christians. However, Medishare argues that it is a religious organization entitled to set its own membership criteria.

Financial Considerations

Medishare can be more affordable than traditional health insurance, especially for individuals who are healthy and do not expect to have significant medical expenses. However, Medishare does have limitations, such as lifetime maximums and exclusions for certain medical conditions.

Is Medishare Right for You?

The decision of whether or not to join Medishare is a personal one that depends on your individual circumstances and beliefs. Here are some factors to consider:

Health status: If you are healthy and do not have any major health conditions, Medishare may be a viable option. However, if you have a chronic condition or expect to have significant medical expenses, traditional health insurance may be a better choice.
Religious beliefs: If you share Medishare’s religious beliefs and are comfortable with the idea of sharing medical expenses with other members, Medishare may be a good fit for you.
Financial situation: If you are looking for a more affordable health coverage option, Medishare may be a good choice. However, it is important to weigh the potential benefits and risks carefully before making a decision.

Seeking More Information

If you are considering joining Medishare, it is important to do your research and understand the potential benefits and risks involved. You can visit Medishare’s website or speak with a licensed insurance agent for more information.