Monthly Samaritan shares can be hundreds of dollars lower than health insurance premiums
April 21, 2022
PEORIA, Ill. — As Americans finished filing their federal income tax returns, many were reminded about the state of their finances. During Financial Literacy Month, Samaritan Ministries International (Samaritan) encourages fellow believers to consider health care sharing as a way to make their after-tax income go further.
“Financial Literacy Month can prompt conversations about household saving, spending, budgets, giving, and investments” says Anthony Hopp, vice president and chief purpose officer of Samaritan Ministries International.
“For Christians, this starts with recognizing that everything we have comes from God and is entrusted to us to use to accomplish His purposes. It is vital that we become more financially literate so we can best allocate the money with which God blesses us. Samaritan Ministries is a prime example of Christians maximizing our assets by saving money on health care to the betterment of our families and the Christian community.”
“This is an opportune time to take stock of household finances and to make strategic decisions about handling money wisely,” Hopp says. “That includes comparing health care sharing to health insurance. Samaritan members save on monthly sharing contrasted with health insurance premiums, and they also save when their needs are shared by other members.”
Robin, a Samaritan member from Florida, said:
“Samaritan Ministries has removed the huge burden of the cost of medical insurance. We feel so good when we send and pray for those whose needs we share. When we had a need, the encouraging notes that accompanied the shared amounts were so uplifting. May God continue to bless this ministry.”
Timothy and Karen, who live in Idaho, wrote:
“I love Samaritan! It is honoring to God, people, and sound financial stewardship.”
Hector and Karen, of Texas, shared:
“Thank you, Samaritan! What a blessing you have been in our lives the past several years. It is so wonderful to not have to deal with insurance plan decisions, big decisions with few real choices, high premiums and deductibles. The newsletters are informative and anytime we need to call, it is such a blessing. You are in our prayers. Praise Him!”
Todd and Cynthia from South Carolina said:
“You make it easy and more financially responsible than health insurance coverage. We’ll never go back.”
Samaritan Ministries currently has a membership of 286,332 individuals from 85,067 households.
Samaritan has no limited enrollment period. Government exchange-based health insurance requires signups to occur only during open enrollment periods unless one qualifies for a special enrollment period due to a “life event” such as losing coverage, getting married, moving, or having a baby.
Samaritan Ministries health care sharingoffers additional advantages:
- No network restrictions. When medical care is needed, Samaritan members choose the health care provider, hospital, and pharmacy that work best for them.
- The direct-sharing approach allows members to not only help fellow believers with their medical financial needs but to pray for and connect with them on a regular basis.
Samaritan gives people of Biblical faith an effective, Bible-driven health care community in which approximately $30 million in medical needs is shared person to person every month. Over the past 27 years, Samaritan Ministries members have shared more than $3 billion in needs while also praying for and encouraging fellow members through personal notes, cards and letters.