Published On: 10-11-2022
Healthcare can be very expensive, and many Americans are searching for new ways to offset the costs of their care. One way to do this is through health care sharing programs like Jericho Share.
Health care sharing is about more than covering medical bills. It connects you to a community of like-minded members like yourself. You'll help meet others' needs and receive help when you need it.
Health Care Sharing Ministries like Jericho Share are a type of non-profit 501(c)(3)organization. They are sometimes called HCSMs, which stand for Health Care Sharing Ministry. They are faith-based, which allows members who share the same set of beliefs to come together.
When you join a health care sharing ministry, you'll submit a monthly amount. These contributions are placed into the membership wallet, which is referred to as the ShareBox. The ShareBox allows for eligible medical needs to be shared from member to member when the need arises.
If you become ill or need routine medical care and your medical needs are eligible for sharing by the members, the contributions will be shared from ShareBox. This means that others will share in your medical needs as you would share in theirs.
Advantages of a Health Care Sharing Ministry
There are many advantages of a health care sharing ministry that you should be aware of. These advantages can help you determine if it's right for you.
One of the advantages of a health care sharing ministry like Jericho Share is that they process eligible medical needs in accordance with religious values.
Many bible verses command us to help others. However, Galatians 6:2 is particularly fitting. It says, “Carry each other’s burdens, and in this way, you will fulfill the law of Christ.”
A health care sharing ministry allows you to carry these burdens in fellowship with others. If you feel it's your responsibility to care for your spiritual brothers and sisters, a program like Jericho Share is an excellent way to do so.
Another advantage of a health care sharing ministry program is that when you choose this type of program, you know your monetary contributions will not be shared on things you are against.
Jericho Share and other health care sharing ministries have guidelines about what is eligible for sharing. The things they allow should line up with your values.
This also means the ministry can decide to allow things that are not allowed under typical health plans.
Prospective members can enroll in JHS Community at any time throughout the year without a qualifying event.
Of course, you have needs as well. Many people struggle to pay for routine healthcare. A health care sharing ministry will provide the help you need when you need it.
Membership participation is voluntary, there are never any contracts or policies.
Each person or family has its own needs and budget. When you choose Jericho Share, you can choose from several programs. You can also add eligibility for hospital expenses, dental care, and other health costs.
Jericho Share is a health care sharing ministry. They are a non-profit 501(c)(3) organization. Their beliefs include the right to worship God in the way you choose. They also believe in a moral and religious obligation to care for others in their time of need.
Connect with Them
To learn more about Jericho Share, visit their website, or call to get in touch at 866-545-2955. Jericho Share is always happy to speak with you and answer any questions you might have regarding their services, programs, and resources
Health Care Sharing Ministries (HSCM) options are becoming more popular because many people can afford them. Jericho Share looks at the pros and cons of these program choices.
Health sharing programs are flexible plans that let people pool their resources to pay for each other's medical bills.
Benefits of HCSM's Programs
HCSM programs are better than traditional health insurance in a number of ways, like being more flexible and allowing members to help each other out by sharing costs.
Using their resources, HCSMs also help people save money on health care costs. Members can usually only give so much to the program. As a result, people with lower incomes can afford a more complete program to help pay for their medical needs. If not, they could not afford it on their own.
HCSMs help members who don't have a lot of money to pay for medical expenses if they need to. It can stop serious health problems from becoming expensive illnesses later in life.
HCSM Programs Have Downsides
But not every HSCM is created equal. Some may have rules about who can join, like needing to make a certain amount of money or agreeing with the group's beliefs.
Like any other health program, they can also have some negative effects. For example, they might not pay for all medical costs together. And you may have to pay for more of your medical expenses than with a traditional insurance plan.
What happens?
Health Care Sharing Ministry, or Jericho Share, is a non-profit 501(c)(3) organization. They provide flexible, low-cost options for sharing daily care. Some of the benefits of joining are:
Visits to the workplace
Services for prevention and wellness
Inpatient Hospitalization
The group is made up of individuals and families who have the same religious and moral beliefs and who want to encourage others to be kind and gracious.
Through Jericho Share, members help pay for each other's medical bills. Members must agree to the Statement of Religious and Ethical Beliefs and understand that all medical needs are handled based on the Member Information Guide (MIG). This means that members can get excellent health care at a reasonable price.
The program's goal is to give its members access to high-quality health care at prices they can afford. The community also ensures that partners are treated well by the organization.
Members of Jericho Share contribute to the membership on their own time. When one of the members needs medical care, the health care sharing membership helps. It lowers their costs for eligible medical needs by a lot.
What exactly is an HCSM?
A Health Care Sharing Ministry, or HCSM, is a way for members to get medical services. It's not like traditional insurance policies.
Health care sharing ministries are non-insurance groups whose members "share a common set of moral or religious beliefs and share medical expenses among themselves based on those beliefs."
The goal of the program is to help members share costs and lower their overall health care costs.
Jericho Share has members from all over the country. It started on September 1, 2021, and now has over 125 employees.
The health care sharing ministry concept was
conceived in the 1980s, but the Affordable Care Act's adoption in the 2010s
boosted it. It increased from a few thousand members to 1.5 million, partly
owing to exclusions from the Affordable Care Act. Although Health Care Sharing are not obligated to acquire Care, their programs
sometimes have a religious component. Participants in the program are required
to make a declaration of faith.
The procedure on the website of one ministry
resembles that of an Care business. The health care sharing ministry employs Care
agents to contact members and deliver membership cards with coverage details.
Several churches have altered their materials and methods. Others, such as
Samaritan and Christian Medical Center, are distinctive in their ways. The
variation in the arrangement may contribute to the attractiveness, but it is
not the only distinction.
While these ministries encourage members to
bargain with doctors, state regulators and other organizations that govern
commercial health Care do not supervise them. In Texas, for instance, they have
paused their plans and are collaborating with authorities to resolve concerns.
Meanwhile, some families claim they are now responsible for medical expenses
for which they did not qualify under the ministry's plan. Additionally, some
advocates request that members press physicians and institutions to write off
their costs.
The majority of Christian health care missions are
faith-based groups. One example is medi-Share, a medical Care scheme with
approximately 300,000 subscribers as of June 2018. In contrast to Care, Health share have tight membership standards and prohibit certain
practices. For example, some churches place monetary limitations on the amount
they repay members. These health care ministries initially do not cover ordinary
medicines, preventative care, mental health, or abortion.
In the last year, health share experienced a
problem due to a $14 million judgment against two of its officials.
Consequently, the organization entered receivership, leaving behind $34 million
in unpaid claims and a $14 million review against two of its leaders. The
insolvency of this healthcare ministry has resulted in inadequate funding for
the healthcare sharing business. In addition, many health care sharing
ministries have struggled to remain operational due to the high proportion of
outstanding claims.
Even though Christian healthcare sharing
ministries are increasingly prevalent, they are not universal. Other
establishments are more conservative, and some may not permit smokers. Others
may instead request that participants join interim programs. And the highlight?
The majority of them welcome all Americans. In addition, they do not require
pre-existing problems or medical conditions due to their religious views.
However, there is a catch.
The ministry functions by pooling funds to assist
its members with health care costs. Continued increases in healthcare expenses
can be mitigated through faith-based healthcare sharing ministries. In the
United States, more than 100 health care sharing ministries serve 1.5 million
people. Therefore, how does a Christian ministry health sharing function? It
operates as follows: Members pay Monthly Contributions voluntarily for health
care. In exchange, they contribute to the medical expenses of other Ministry
Members. This monthly donation cannot be refunded.
The nonprofit Trinity Health share program in
several areas is known as Aliera Healthcare. Despite the ministry's assertion
that it does not provide health Care, state officials are cracking down on the
firm. Rick Spoonemore has filed a lawsuit alleging that the firm misrepresents
itself and misleads customers. In addition, a recent Financial Services Bureau
investigation revealed that Trinity Health Share is a scam. Aliera launched Trinity Health Share as a
charity in June 2018, and it manages its finances, benefits, and membership
list.
In several places, health care sharing ministries
have been functioning lawfully since the passage of the ACA. However, worries
remain over the usage of call centers. The reality is that the firms' call
center representatives may misrepresent their offerings and mislead customers
into purchasing inadequate plans. As a result, numerous agencies rely on the
ACA's provisions to establish the legality of health care sharing ministries.