For those who interested in an alternative to traditional health insurance, the Christian-based Samaritan Ministries offers a unique approach to cost-sharing of health care costs across more than 40,000 member households in the United States.
Each member household agrees to pay a monthly “share” to participate in the program. Samaritan Ministries then uses a database to randomly match available funds to member needs.
Monthly contributions are based on family size, and range from $140 a month for a young single adult age 25 or younger, to $405 a month for a family, according to the website.
The organization’s website at www.samaritanministries.org explains the program in more detail.
Samaritan Ministries reports that in a typical month, fewer than 10 percent of the members have needs. About $10 million is available each month to meet the health care expenses of those with needs.