With the new affordable care act now passed into law and in full effect, people are wondering what options they have to pay for their medical costs. One of the options that isn’t talked about in the mainstream is the concept of HealthSharing or medical cost sharing. This option is within the many pages of the ACA, but little is known about it and it IS NOT insurance. Many people are confused as to what medical cost sharing really is and how it works. Let’s start by saying medical cost sharing is legal and has been around for quite some time in the faith based communities. It’s even talked about in the Bible.
Read the rest of entry »