WHAT IS THE DIFFERENCE BETWEEN HEALTH INSURANCE AND HEALTH SHARING?
Healthcare Sharing is not insurance, but an alternative to health insurance where a group of like-minded individuals come together to share medical costs.
Insurance is a contract between a policyholder and a for-profit company. The contract is for paying expensive premiums in exchange for a promise to pay medical bills.
Healthcare Sharing is non-contractual and through the option Life Creek Health has found it is also not-for-profit. This concept began in the 80's and has grown into an industry that shares approximately $3 billion per year now.