Medi-Share is a unique healthcare sharing ministry that allows Christians across the United States to share each other’s medical expenses. This faith-based healthcare alternative has been gaining popularity over the years, helping members save money on healthcare costs while also providing a strong community of support. In this article, we’ll discuss everything you need to know about Medi-Share insurance.
What is Medi-Share Insurance?
Medi-Share is a healthcare sharing ministry that provides a comprehensive health insurance alternative to its members. Members of Medi-Share pay a monthly membership fee, which is used to cover the medical expenses of other members.
While Medi-Share is not technically insurance, it works in a similar way. Members of Medi-Share are exempt from the Affordable Care Act’s individual mandate, which requires individuals to have health insurance or pay a penalty.
Medi-Share is run by Christian Care Ministry, a non-profit organization that is based in Melbourne, Florida. The ministry was founded in 1993 and has grown to include more than 400,000 members across the United States.
How Does Medi-Share Work?
When a member of Medi-Share has a medical expense, they submit their bill to Christian Care Ministry. The ministry then reviews the bill and shares it with other members who are eligible to share that expense.
Members of Medi-Share are divided into “sharing communities” based on their religious beliefs. Each sharing community has its own set of guidelines and standards for medical expenses that are eligible for sharing.
Once a medical expense has been shared among the members of a sharing community, the bills are paid directly to the healthcare provider.
Who is Eligible for Medi-Share Insurance?
In order to be eligible for Medi-Share, you must be a Christian who agrees with the ministry’s statement of faith. You must also agree to live a healthy lifestyle, which includes abstaining from tobacco and illegal drugs, and limiting alcohol consumption.
Medi-Share is available to individuals and families, but you must meet certain eligibility requirements. For example, you must be able to provide proof of your Christian faith and demonstrate a commitment to living a healthy lifestyle.
How Much Does Medi-Share Cost?
The cost of Medi-Share varies depending on factors such as age, location, and family size. Members pay a monthly membership fee, which is used to cover the medical expenses of other members.
In addition to the monthly membership fee, members also pay an annual household portion, which is similar to a deductible in traditional insurance. The household portion ranges from $500 to $10,000, depending on the selected plan.
Members of Medi-Share also have the option to participate in the Health Incentive Program, which can reduce their monthly membership fees by up to 20%. This program encourages members to live a healthy lifestyle by offering discounts on gym memberships, wellness coaching, and other health-related services.
What Does Medi-Share Cover?
Medi-Share covers a wide range of medical expenses, including hospitalization, surgery, doctor visits, and prescription drugs. However, there are certain medical expenses that are not eligible for sharing, such as treatment for pre-existing conditions, cosmetic surgery, and infertility treatments.
Medi-Share also offers optional benefits, such as dental and vision coverage, for an additional fee.
Pros and Cons of Medi-Share Insurance
Pros
One of the main advantages of Medi-Share is that it is a more affordable healthcare option than traditional insurance. Members of Medi-Share typically pay less in monthly premiums and out-of-pocket costs than they would with a traditional health insurance plan.
Additionally, Medi-Share provides members with a strong community of support. Members can connect with each other through online forums and local support groups, providing emotional and spiritual support during times of illness or injury.
Cons
One of the main disadvantages of Medi-Share is that it is not technically insurance. Members of Medi-Share are not protected by state insurance regulations, and the ministry is not required to cover medical expenses like traditional insurance companies are.
Additionally, Medi-Share may not be the best option for individuals with pre-existing conditions. While some pre-existing conditions may be eligible for sharing, others may not be covered.
FAQ
Is Medi-Share Available in My State?
Yes, Medi-Share is available in all 50 states. However, eligibility requirements may vary by state.
How Do I Apply for Medi-Share?
You can apply for Medi-Share online by visiting their website and filling out an application. You will need to provide proof of your Christian faith and demonstrate a commitment to living a healthy lifestyle in order to be eligible for membership.
How Do I Submit a Medical Expense to Medi-Share?
To submit a medical expense to Medi-Share, you will need to log in to your account on their website and fill out a Medical Expense Submission Form. You will need to provide a copy of your bill and any other relevant documentation.
What Happens if I Can’t Afford to Pay My Monthly Membership Fee?
If you are unable to pay your monthly membership fee, you may be eligible for financial assistance through the Medi-Share Benevolence program. This program provides financial assistance to members who are experiencing financial hardship.
Can I Change My Plan or Cancel My Membership?
Yes, you can change your plan or cancel your membership at any time. However, you may be subject to certain fees or penalties depending on the circumstances.
Conclusion
Medi-Share is a unique healthcare sharing ministry that provides an affordable and faith-based alternative to traditional health insurance. While it may not be the best option for everyone, it can be a great choice for Christians who are looking for a strong community of support and are committed to living a healthy lifestyle.
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