Are Health Care Sharing Ministries Worth It? - Investopedia Article - Ep. #63

Why is Health Insurance so expensive!? Are there any alternatives?

00:00 - Intro
00:23 - My Switch to a Health Care Sharing Ministry
09:44 - What Are Health Care Sharing Ministries? - Investopedia

In today's story, Jay describes what prompted him to switch to a Health Care Sharing Ministry to defer his risk of the #1 reason for bankruptcy - medical bills. Jay's health insurance offered a very high premium for an outrageously astronomical deductible - risk was not deferred properly. This left Jay searching for a solution to protect his new family.

The main topic is a review of the article "What Are Health Care Sharing Ministries? (HCSMs)" by Investopedia (https://www.investopedia.com/what-are-health-care-sharing-ministries-hcsm-5207450). Jay's commentary on the article should help you know what to research if you are considering a Health Care Sharing Ministry to cover your medical risks. One thing excluded from this article, that you should know about, is that an HCSM will not give you access to an HSA. If having an HSA is a big part of your plan, and HCSM may not be for you.

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Music: "Take Me Higher" by Jahzzar

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