How to Money · Wednesday, September 23, 2026
Dr. Jordan Grumet discusses health sharing ministries as a less regulated but potentially more affordable option for healthcare coverage. While acknowledging that some individuals feel they are "fleeced" by traditional insurers, he notes that many with health-sharing plans have had their medical needs met. He cautions that the lack of government regulation means users are more dependent on the company's integrity and past performance.
“So I feel like health sharing ministries. work fine for many people, you have to ask yourself a real basic question. And the basic question is, how do I feel about the fact that this industry is not regulated like other health insurers in the country?”
“And so the government does not regulate health-sharing ministries in the same way they do health insurers. So the idea is there is an added level of protection. Now, I'll tell you, a lot of people feel fleeced by traditional insurers with all those layers of protection. And a lot of people I know have health-sharing ministries and have had plenty of things paid for without argument.”
“And so... Do I think it's a reasonable thing to do? Certainly. The question is, will you not sleep at night knowing that there's certainly less regulation?”