As monthly health insurance premiums and medical deductibles continue to rise year after year, many are turning to faith-based ministries to help lower their out-of-pocket expenses for health care services. In fact, more than 800,000 Americans have ditched traditional health insurance in favor of faith-based health care communities. Health sharing ministries typically require families to agree to a yearly responsibility, similar to a medical deductible, and then a specific monthlyamount. When a family experiences a medical claim for an accident or illness, other members in the health sharing ministry help pay the portion of the family’s bills after the yearly responsibility amount is met. Faith-based organizations are exempt from the Obamacare tax penalty, and many enjoy the benefits of lower monthly costs and being part of a community that shares similar values.
From HealthCare.com, find out Why Americans Are Forgoing Health Insurance and Joining Faith-Based Health Plans.