Options like Health Care Sharing Ministries (HSCM) are becoming more popular because many people find them to be affordable. Jericho Share looks at the good and bad things about each of these program choices.
Health sharing programs are flexible plans that let people pool their money to pay for each other's medical costs. Programs of HCSM's Pros HCSM programs are better than traditional health insurance in a number of ways, such as being more flexible and allowing members to share costs with each other. HCSMs also help people save money on health care costs by helping them use their resources. Most programs have a limit on how much each member can give. So, people with lower incomes can pay for a more complete program to help pay for their medical needs. If they had to pay for it themselves, they would not be able to. HCSMs help members who don't have a lot of money to pay for their medical bills if they need to. It can keep serious health problems from getting worse and costing a lot of money later on. Problems with HCSM Programs But not every HSCM is made the same. Some groups may have rules about who can join, like making a certain amount of money or believing the same things as the group. Also, they can have some problems, just like any other health program. For instance, they might not pay for all of their medical bills together. And you may have to pay for more of your medical needs than you would with traditional insurance. What does it do? Jericho Share is a 501(c)(3) non-profit organization with a Health Care Sharing Ministry. They offer flexible and inexpensive ways to share daily care. Some of the things that members get are: Visits to offices Services for health and well-being Inpatient Hospitalization The group is made up of people and families who share the same religious and moral beliefs and work to make others more gracious and kind. Through Jericho Share, people help pay for each other's medical needs and share the costs. Members must agree to the Statement of Religious and Ethical Beliefs and admit that all medical needs are handled based on the Member Information Guide (MIG). This means that members can get good health care at a fair price. The goal of the program is to give members access to high-quality health care at prices they can afford. The organization also treats partners well because they are part of the community. Members of Jericho Share give to the membership on their own time. The health care sharing membership helps when one of the members needs medical care. It cuts their costs for certain medical needs by a lot. What is an HCSM? A Health Care Sharing Ministry, or HCSM, is a tool that members can use to get medical services. It is a different way to handle insurance than traditional policies. Health care sharing ministries aren't insurance companies, but they are groups of people who share a set of moral or religious beliefs and split medical costs based on those beliefs. The goal of the program is to help members share health care costs and lower their overall costs. Members from all over the country use Jericho Share. It opened on September 1, 2021, and now has more than 125 employees.
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AuthorJericho Share Archives
October 2022
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