
Before medical insurance as we know it came into being, people had a simple solution for helping one another bear the burden of unexpected expenses, medical or otherwise. Communities sharing similar faith or other points of strong connection all committed to contribute a small amount of money. The accumulated funds transformed a financial burden or loss that was too much for one person or family to bear into a problem that was easily solved when the burden was shared with a larger group of people.
For churches and faith based organizations that are struggling to offer or maintain health insurance for their staff because of ever rising premiums, medical sharing may be a good alternative. Non-profit organizations like Samaritan Ministries and Christian Healthcare Ministries administer medical sharing programs that meet the medical needs of tens of thousands of individuals and families across the country. Costs for medical sharing are typically about 1/3 of traditional health insurance.
Medical sharing may be a perfect fit for your church or faith based organization if:
If medical sharing is of interest to you, we can help you explore the options and make the shift. The Karis Group provides account and relationship management for churches and faith based organizations who want to transition to medical sharing plans. To round out the service offering, we provide staff of all the groups we work with our Kare360plus package, which couples Kare360 with a benefits package that includes 24x7x365 telemedicine and discount networks.
So what are the next steps?