Is health cost-sharing just another name for health insurance?

No. Insurance arrangements are a contract whereby one party agrees to be legally responsible for and accept another party’s risk of loss in exchange for a payment - a premium. Medical cost sharing is an arrangement whereby Members agree to share one-another’s medical expenses through an act of voluntary givingKNEW Health and its partners are not licensed or registered by any insurance board or department since we are not practicing the business of insurance. We do not assess applicants’ health risks, because neither KNEW Health nor our Members are assuming financial liability for any other Member’s risk. Unlike insurance, the focus of health cost-sharing is on how Members help each other with their immediate needs.

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