Health Insurance Alternative: Medi-Share
With all the buzz about health care reform, it’s easy to get wrapped in a discussion about health insurance. Health insurance is a great thing to have, and I’m thankful my employer offers decent health insurance. Ultimately, my husband and I would like to have a baby and have me be a stay at home mom. Unfortunately, my husband’s work offers individual health care plans, and as it stands today, I’d be denied coverage, not to mention the exorbitant cost. One day while listening to the radio, an ad came on for Medi Share, which is “Christian care medical sharing”. I was intrigued, and wanted to check it out because it sounded too good to be true.
How Medi Share works
Medi Share is not health insurance. It is a group of people that come together to help each other pay their medical costs.
From their website:
Each month, Medi-Share matches up member’s monthly share amounts with other member’s eligible medical needs and facilitates the direct sharing of those costs between them. It’s a modern-day version of what the church started back in the book of Acts.
From what I understand, each month you send a check to someone in need of money for medical care. There are stipulations, such as you must lead a Christian lifestyle, no engaging in sex outside of Christian marriage, have someone at a church vouch for your faith, and cannot use tobacco or any other types of drugs.
I think it’s a great idea, but I don’t think it’s something I’d feel comfortable with. What if you needed money, someone sent you a check, and it bounced? You’d be in trouble then. I like the idea knowing that an insurance company has my back when something happens and I need it.
Have you heard of Medi Share? Would you be comfortable with a health insurance alternative like this?