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A Brief Note On Faith Based Health Share

A brief note on faith based health share

Our health is an imperative part of our life. Being healthy does not just mean that you are healthy physically but also mentally. WHO defined Health as and I quote, “A state of complete physical, mental and social well-being and not merely the absence of disease or illness or infirmity.”

What is a health insurance?

The Health or medical insurance is a health cover policy which covers the hospitalization, medical as well as surgical expenses in case of any medical emergency regarding the insured person. It helps you by paying the costs caused by medical emergency or pays to the particular hospital, which treated the individual.

Usually, insurance agencies have links to some of the medical facilities, in order to give cashless treatment to the insured person. If the insurance agency has no links with the hospital facility, they will pay the medical expenses of the person who has the insurance under the health insurance.

Importance of a health insurance

Having a health or medical insurance for yourself and your family is a very good decision. Since, wellness and medical emergencies can be very costly, particularly in the private medical hospitals. Sudden medical emergencies can really shake your financial status, if you d not have a medical insurance.

All these situations can be kept away by just simply paying installments for your medical insurance, which will support you in the time of medical crises. In case you want or looking for a health insurance, you can refer to this website  indyhealthagent.com, which can provide you with the best plans.

The membership of Faith based health share

A faith based health share or health sharing membership is a group of people who have same faith and beliefs and have consented to come together and help each other pay their medical costs and expenses. The faith based health share is for making arrangements for the medical emergency expense for each other.

Faith based health share program is not for everybody, except they are certainly for the people with same faiths and beliefs.  The Faith based health share is service in the United States that encourages sharing of health insurance costs among individual, who have same morals, religious values and convictions.

Faith based health share is similar to the Medi-share. The Medi-Share is a network of Christian people, who have consented to pay for each other’s medical expenses. It is different from the health insurance offered by the companies.

Pros

  • It is cost-effective due to regular monetary contributions.
  • Members are not subject to the penalty, even if they don’t pay anything.
  • It doesn’t impose lifetime or annual limits.
  • Membership is not affected by employment and residence status.

Cons

  • It is not an actual insurance as it is not guaranteed.
  • Limitations on prior medical conditions.
  • Prior medical conditions means additional installment every month.
  • As a faith based system, you are required to follow some peculiar rules like attending church.
  • It cannot be used as health savings accounts.