What is a healthshare?

A Healthshare, also known as a health care sharing ministry, is an organization where members share medical expenses among themselves instead of paying premiums to a traditional health insurance company. Members typically pay a monthly share, and when medical needs arise, the costs are distributed among members according to the organization's guidelines. Healthshares often have religious or ethical components and may not cover all types of medical services. They are not considered insurance and may have limitations on coverage, but can be a more affordable option for some people.