Is Impact Health Sharing Insurance — and If Not, What Is It?

Hi, I'm Phil Crysler, President and CEO of Impact Health Sharing.Healthcare sharing has brought freedom to many Americans who are looking for a different approach to managing healthcare costs, and we're proud to be part of this movement.Because healthcare sharing organizations are not insurance, we are not able to offer a guarantee that eligible medical bills will be paid. Does that make you nervous? Let's take a closer look at why that is and perhaps alleviate some of your concerns.Members join a healthcare sharing organization like Impact because they want to be part of something bigger. They come together and agree to share one another's eligible medical bills. Impact itself doesn't do the sharing. We simply facilitate the process on behalf of our members through an industry-leading platform that provides transparency—something that has been long overdue in healthcare.Think of it this way: healthcare sharing is a risk-versus-reward concept. People have been helping people in their communities since the beginning of time, and that spirit of sharing continues today. Before grocery delivery services existed, you simply knocked on your neighbor's door and borrowed a cup of sugar. Today, technology allows us to help one another in a more meaningful and effective way.The reward is significant. Many members save 30% to 50% on their healthcare costs. That's a meaningful difference for families, individuals, and businesses alike.These decentralized, community-driven models continue to challenge traditional ways of thinking and disrupt established industries. However, if this approach feels too risky, individuals can continue to rely on traditional insurance companies that operate as for-profit organizations with a responsibility to maximize shareholder value. By nature, those organizations must prioritize the financial interests of the company alongside the needs of their members.Let me ask you a question: if the so-called guaranteed approach was working, why is medical debt one of the leading reasons families face financial hardship? More than 100 million Americans are carrying medical debt today, and that tells us something in the system is broken.

At Impact, we're focused on solutions. Together, as a community committed to sharing, we can help keep one another out of debt and put our resources toward something we believe in—each other.