American household budgets are stretched tight, and healthcare ranks right up there as one of the most expensive items for many families. With traditional health insurance premiums on a steady rise and out-of-pocket expenses adding to the problem, the typical American family of four is paying a whopping $19,361.32 per year for healthcare, according to research by ValuePenguin.
If that number makes your jaw drop, the good news is that there is another alternative to traditional health insurance, namely, health share programs. These programs help pay for expensive medical care but are not insurance plans. Instead, they offer Americans an alternative way to pay for expenses associated with health care without the sky-high costs associated with typical insurance programs.
Here are some signs that it might be time for you to look for a different way to pay for medical care for your family.
1. Saving Money is Important
Health care sharing programs can save Americans as much as 50 percent compared to typical health insurance premiums. If you’re looking to save thousands of dollars per year in health care costs, then a health care program may be right for you.
2. Your Budget is an Important Factor
It can be tough to match a health insurance premium into your budget. While there are different plan options available that vary in terms of cost, there isn’t a lot of wiggle room to choose a certain amount that you can and want to spend on health insurance. With a health sharing plan, however, monthly costs are voluntary and are based on the type of plan that you choose to suit your budget best.
3. Choosing Your Health Care Provider is a Priority
Some types of health insurance plans restrict the choices you have regarding the health care providers that you are able to see. These plans will encourage you to seek out care from the particular plan’s network of physicians, medical facilities, and pharmacies.
Instead, a health share program offers more freedom to choose. There are no limits or restrictions as to the type of doctor or specialist that you want to see.
4. Community and Helping Others is a Key Value For You
Many people like the feeling of contributing to a community of like-minded individuals who are trying to keep costs down and live a life of service to others.
Your family can certainly benefit financially when the time to cover a medical expense arises, but you will also be contributing to funds that will be used by other families in financial need with a medical cost to cover. As a member of a faith-based health share program, you can be happy to know that the monthly contributions that you make will be put toward helping other people of faith.
There are plenty of reasons to make the switch from a traditional health insurance plan to a health care sharing program. If you’re looking for an alternative way to help pay for your medical expenses while being a part of something that is helping others out, a health care sharing plan may be right for you. Contact USHealthshare today to discuss our programs in-depth and find the right fit for your family.