There are no substitutes for any type of insurance. There are Christian organizations that have completely missed the point of why we all need health insurance, a cost-sharing program among believers to lower premiums is not the right solution. Ask yourself this question; Why should you take the risk with your income and assets to save a few dollars on monthly premiums, knowing that this is not insurance?
In the event that you had a catastrophic mishap that could cost tens of thousands of dollars, a cost-sharing plan would only pay a certain amount of your medical expenses, and you could still find yourself with more than enough remaining expenses. We must use wise judgment in our dealings with everyone. The fact that some organizations are exempt from the new Affordable Care Act does not mean that you, as a consumer, should be left without adequate protection. There is insurance to protect against financial loss. Think about this; If you own a home, own a vehicle, rent a home, or have liability insurance for your business and family, don’t you protect these assets? You sure do.
It is no different if you had a material financial loss. Wouldn’t it make sense to recover from the loss by filing a claim with your insurance company to replace damaged goods caused by any reason? It is the same if you find yourself with overdue bills and need ongoing care, such as: physical rehabilitation or other medical services for a certain period of time; Health insurance is there to limit medical costs and give you the protection you need.
Although the premiums for this type of health care are extremely lower than traditional insurance, keep in mind that this is a cost-sharing plan to help pay for health care services and not insurance. Just as you protect your home, business, life and family with insurance products, don’t neglect health protection as well. As with any endeavor; one of the best things you can do is use wisdom to make an informed decision that gives you peace of mind, knowing that you are protected when something happens and that you have the right coverage.
The purpose of this article is not to criticize any organization, but to make sure you and your family don’t make the foolish mistake of going without the coverage you need to protect your finances. Although faith-based ministries are ideal with strategies to share medical costs; unfortunately we live in a day and a time that does not look like the early church as in the book of Acts. Faith-based cost-sharing ministries are a good way to help other believers pay for medical expenses when they occur to help others pay for someone else when needed.
Knowing the fact that this is not insurance at all, this should be a concern for all consumers, regardless of their religion or religious beliefs. As Christians, it is our responsibility to be good stewards of all that has been entrusted to us. Being spiritually rich and earthly is not good, it is not a good mix; By applying God’s wisdom, this will ensure that the right decision has been made in making such an important insurance decision. Be encouraged and wise.