The billed charges for medical care are mind-numbing. This is especially true if your name happens to be in the “patient” line. Or, perhaps, it is the name of someone in your family that has that special place on that amazing bill statement.
The Anabaptist faith community has a long history of “providing for our own”. This is, indeed, the Biblical precept for the family of Believers. However, the billing practices of current medical providers tend to be very intimidating and, at best, confusing. The numbers on the bill are usually not the true amount owed. But this is where the perplexities begin: What is the bottom line I actually owe?
Health Care Sharing Ministry (HCSM) organizations like Anabaptist HealthShare are coming alongside churches, ministries, employers, and individuals to help bridge the knowledge and financial gaps created by the “system”.
Sharing in a pool has long been an excellent way to lessen the blow of large medical costs. When each person contributes a small amount, it leverages the capacity of the larger group to meet bills as they show up.
When an individual puts a $100 in a fund of his own, he has just that: a $100. A $100 does not do much towards the medical bills seen today. However, if that $100 goes into a fund with 1000 other persons, you immediately have $100,000.00 available in one month’s time to apply to the current bills. The law of averages has shown this to be a very effective way to cover even sizable medical bills.
Couple the sharing pool method of funding with a knowledgeable bill management team and you have a very effective program that is set to meet the catastrophic bills of today’s world!