Bankrupt health sharing ministry leaves families with $50M in unpaid bills

About 10,000 families have been left with $50 million in unpaid medical bills after the shuttering of their health sharing ministry, Christianity Today reported April 19. 

Sharity Ministries, formerly known as Trinity HealthShare, filed for bankruptcy and started the liquidation process in 2021, according to the report. 

Christianity Today reported that the high volume of outstanding claims means it is unlikely members will receive the reimbursements they are owed.

The Atlanta-based nonprofit had faced challenges, class-action lawsuits, and cease-and-desist-orders in several states, where regulators said it had been operating as an unauthorized insurance provider, according to the report. 

Healthcare sharing ministries do not have to follow regulations that apply to traditional payers, including the ACA's consumer protections, according to New Hampshire Public Radio. Monthly premium fees are often less than traditional health insurance, but members are not guaranteed coverage for healthcare procedures.

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars