Medical Cost Sharing is not a new concept. Religious communities have sued this idea for decades to help pay for the medical costs of their members. Members make monthly contributions to the community. Then when a member incurs larger medical bills they submit those bills to the community. The community then issues a check to pay those bills.
As health insurance premiums have continued to increase, health insurance has become unaffordable. In an attempt to keep premiums somewhat affordable, deductibles have increased. Today, even with health insurance many Americans are one medical condition away from financial disaster. Medical Cost Sharing is an affordable way to limit your medical costs and get the best healthcare experience.
The best way to understand Medical Cost Sharing is to think about the way large employers provide health insurance to their employees. They use a concept called “Self-Funding.”