Will the Health-Sharing Industry Replace the Health-Insurance Industry?

Health-sharing is an attractive alternative to regular health-insurance programs.

It operates just like traditional insurance, but it’s cheaper and provides better benefits.?

You might be thinking, “Cheaper and better—what’s the caveat?”

You’d be right, there is one: you must qualify based on pre-existing health conditions.?

Most companies require a broad list of medical questions in order to be approved.?

That said, health-sharing programs offer considerable benefits.?

Health sharing operates by large groups of people buying into a strategy.?

Each member is responsible for a certain portion of their healthcare claim payments.

And the rest of the claim is paid for by the group as a whole.

These programs purposefully don’t call themselves “health insurance.”

This allows them to share costs between members with more freedom.

They aren’t subject to the horrific rules and regulations that are levied on insurance companies.

As a result, they can charge less per person.?

Is this model likely to replace the health-insurance industry?

Health-sharing plans are rapidly increasing in popularity.?

People want freedom of choice in their healthcare.

And if health insurance remains too restrictive and expensive, they will look elsewhere.