Best Health Insurance Options for the Self-Employed

Alternatives to Traditional Health Insurance Coverage

There are other options for obtaining coverage beyond the standard health insurance options for the self-employed. One such alternative is to go with a health care sharing ministry rather than a big health insurance carrier such as Aetna.

While health care sharing ministries are not insurance, they can provide a coverage safety net for medical expenses. They could be a viable and often cheaper alternative to traditional insurance so I wanted to share more information.

What are Health Care Sharing Ministries?

At its core, a health care sharing ministry facilitates the distribution of health care costs among members who have common ethical and religious beliefs. It’s important to note that health care sharing ministries do not accept risk or make guarantees that they will pay for medical bills.

Most health care sharing ministries are oriented toward practicing Christians and aligned with the ideas and principles found in the Bible. They use it as the basis for the idea that members have a responsibility to help with each other’s medical needs.

The majority of health care sharing ministries require its members to be actively practicing Christians in the U.S. Some even require a signed affidavit from the members’ pastors as a condition of joining.

With all that said, there are a few that are more lenient and inclusive, even to people who are not practicing Christians. Below you can find information on some of the largest ministries to help you decide if this could be a viable option for you and your family.