HSG Bulletin: MCS Medical Cost Sharing Ceases Operations
Founded in 2013 and based in St. Joseph, Missouri, Medical Cost Sharing, Inc. (AKA: MCS) is now under federal examination over allegations of multi-year fraud.
Founded in 2013 and based in St. Joseph, Missouri, Medical Cost Sharing, Inc. (AKA: MCS) is now under federal examination over allegations of multi-year fraud.
The future of healthcare is likely not just about treating diseases, but preventing them—a vision that the HealthShare industry is actively pursuing. In acting as
Navigating healthcare can be complicated for those who are new to HealthShare programs. While many may be more familiar with the general hands-off approach of
Though some standards are starting to emerge among the leading HealthShare companies, many still have wildly different approaches to helping members meet their medication needs.
Key findings in a recent report by the Colorado Division of Insurance shed light on the state of the HealthShare industry. While the report focuses
When it comes to healthcare alternatives, HealthShare organizations have been gaining traction as a viable option for many people. It may still be a small
When a HealthShare encounters an influx of need requests that surpass available member contributions for a given month, the organization may implement proration as a
HealthShares can be an effective and affordable alternative to traditional health insurance, providing financial relief for high healthcare costs with low monthly contributions. However, there
As nonprofit entities, most HealthShare organizations practice financial transparency. Many release self-reported financial data, while federal tax form 990s are also publicly available for most
Last December, Samaritan Ministries started a new monthly series on their blog called “Health Care Stewardship” to provide their members with tips and educational resources
Health Care Sharing Ministries, or HCSMs, are HealthShares with specific religious affiliations that often have stringent religious requirements for membership. While all HCSMs are HealthShares,
On August 3, 2022, the state of Washington adopted legislation (WA 284-43-8210) that would label health care sharing ministries, or HealthShares, as not being “health
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