LAS VEGAS - nvtip -- For households that are buying their own health insurance, the monthly premiums for even the most basic coverage can be crippling. In many cases, a family's health insurance premium may be their highest bill, surpassing even their rent or mortgage payment. Fortunately, there is a cost-effective alternative to traditional health insurance that allows families to enjoy coverage without having to significantly alter their monthly budget.

Although once considered a fringe option for those unable to or uninterested in purchasing traditional health insurance, Christian ministry programs have experienced a surge in popularity in recent years, adding millions of subscribers. These programs are based on the biblical mandate given in Galatians 6:2 to "bear one another's burdens" by connecting Christian families and individuals with others who share their beliefs and values and allowing them to share medical expenses.

How a Health Care Sharing Ministry Works

On the surface, health care sharing ministries work similarly to health insurance. You pay dues each month (similar to a premium) and you have a set amount that you're required to pay out of pocket before receiving financial assistance (similar to an insurance deductible). In some cases, you'll pay for medical expenses out of your own pocket and then get reimbursed by the ministry. Other times, your doctor will submit the bills directly to the ministry. Each member has maximum eligibility amounts, which limits how much they can receive for a medical expense. With some HSMs, the money is disbursed by the ministry as needed, and with others, members contribute directly to the fellow member who needs it.

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