Open enrollment is a special time of year that occurs each autumn and provides a short window of opportunity for many to reevaluate their healthcare coverage, make changes to policies, or buy new policies if desired.
However, before you do anything with your current health insurance coverage, you may want to reconsider your options. Rather than sticking with your current plan, you may want to choose an alternative for receiving medical and pharmacy benefits and services, helping to manage your medical expenses.
Health care sharing ministries offer an alternative to traditional health care, but with a lot more flexibility and a greater opportunity for savings.
Here are just some reasons why you may want to evaluate your health care during open enrollment and choose to become a member of a health sharing program.
1. The Current Economic Situation
The coronavirus pandemic wreaked havoc on just about every aspect of the economy. Millions of Americans have either lost their jobs or were forced to shut their businesses down as a result, leaving a lot less money in the pockets of many U.S. workers and entrepreneurs.
Considering the compromised financial situation that Americans have been facing over recent weeks and months, many may be seeking money-saving opportunities to maintain financial stability.
Given the rising costs of health insurance, it may be time to look for a more affordable means of paying the expenses associated with medical care, and health care share ministries can offer you the chance to save money.
In fact, members of health sharing programs can save as much as 50 percent or more on health care. All those savings can be put toward other pressing expenses, like mortgage or rent payments, or they can be set aside as a financial cushion to fall back on should you need it for a rainy day.
2. Political Uncertainty
We’re in the middle of a big election year, and it will soon be time to vote. While we all have a voice in who ends up winning the election, the current political climate has created a great deal of uncertainty. No matter who wins, uncertainty still exists. And while this may be cause for concern and anxiety for some, it can also create more opportunity for others.
As such, it might make sense to explore new ideas and options, including the potential to become a member of a healthcare sharing ministry.
Health care sharing ministries are growing quickly throughout the United States. Today, over 1 million Americans are enrolled in a healthcare sharing program, and that number continues to grow as more and more people seek out a more flexible and affordable alternative to traditional health insurance.
In addition to the potential savings, healthcare sharing ministries also offer members the chance to be a part of a community of like-minded individuals and families who share the same beliefs. These programs offer the opportunity to access financial resources when needed for medical expenses, as well as the chance to help out fellow neighbors in their time of need.
As we approach open enrollment, look at other options that can save you money while offering you more flexibility. Healthcare sharing ministries is a great option to consider. Click here to see how much you can save with a health share plan.