Today, health insurance is a basic need. Even though health care costs have been increasing over the past two decades at about twice the rate of inflation, they are projected to surge even more over the next several years. This means that a major illness or a number of minor ones in a short period can destroy the family budget and perhaps bring on unmanageable indebtedness.
Few families can afford the cost of even one hospital stay, much less an extended stay.
However, with adequate health insurance, the risk of financial disaster from a costly illness or accident probably can be reduced.
Therefore, some type of medical health coverage represents good, logical planning for most Americans. Especially those families who otherwise could not afford professional medical care.
Although there are hundreds of different policies and plans for health insurance available, generally health insurance that covers the cost of treatment associated with an illness or accident is divided into:
basic hospital expense, surgical expense, regular medical expense, major medical expense, comprehensive medical expense, and medical sharing health plans. This article will concentrate on medical sharing health plans.
For information regarding other types of health care insurance, see Crown Financial Ministries' Web site article entitled
Health insurance listed under two categories: Insurance and Medical.
Medical sharing plans Due to the high cost of traditional health insurance, plus an increasing reluctance to help support an insurance company that covers the medical expenses for procedures to which some have a moral objection (such as abortion), many Christians have chosen to participate in
medical sharing plans. Using the biblical principle of bearing one another's burdens (Galatians 6:2), members of medical sharing plans help pay each other's medical expenses.
Web linksAlthough we support the concept of burden sharing, Crown Financial Ministries does not endorse any particular medical sharing plan; nor can we vouch for financial soundness and/or moral integrity of any particular organization.
The following medical sharing plans and links are provided for the sole purpose of making it easier to research what each plan offers. The Good Samaritan-
www.samaritanministries.org Christian Care Medi-Share-
www.medicalsharing.com The Christian Brotherhood Newsletter-
www.christianbrotherhood.org Beracah Ministries-
www.beracah.org Blessed Assurance Bulletin-
www.christianet.com/blessed Conclusion God created us to live in a physical world in which there are things beyond our control, such as accidents and diseases. The treatment for these can cost hundreds of thousands of dollars.
With the exception of those people who are under conviction not to have any form of insurance, some type of health coverage is a reasonable and logical expenditure.
To view the original text of this article,
click here to visit Crown Financial Ministries website.
