Healthcare sharing ministries (HCSM) offer a healthcare option, mostly for affordability. Some are good, while others exploit loopholes to commit fraud. Know before you buy.
- HCSMs are NOT insurance — They look like health insurance but they are not. Most plans are not compliant with the Affordable Care Act. Don’t expect coverage for pre-existing conditions, mental health, or other needs. Check in advance.
- The Utah Insurance Department cannot regulate their plans — Because HCSMs are not insurance, the Insurance Department has NO authority to regulate their products. Take this into consideration when deciding whether to join an HCSM or purchase traditional insurance.
- HCSMs have a history of fraud — Some HCSMs may be legitimate, but many states have taken action against HCSMs for deceptive or fraudulent practices.
- Verify before you buy — Be cautious. Check the HCSM out fully and verify all claims about services, coverage, and payments.