Medishare

Pros and Cons

Medi-share plans are typically cheaper plans, but similar to multi-plans, not actual insurance. This is disclaimed on the back of the insurance cards to avoid legal obligation to cover large claims. These plans operate from a large pot of money; so, in simplest terms once the money is gone, so is the coverage.

Pros

- Low cost

- Does not have to be approved

Cons

- Insurance cards say "not insurance" meaning they have no legal obligation to uphold their end of the deal