Is GraceWell insurance?
No, GraceWell is not insurance.
GraceWell is a program of Impact Health Sharing. Healthcare sharing is a voluntary sharing arrangement that brings together individuals in the GraceWell community in voluntary acts of common good, consistent with our community’s statement of shared beliefs.
GraceWell and Impact Health Sharing are not insurance. The funds used to pay sharing requests belong to the collective GraceWell membership—not to GraceWell or Impact Health Sharing itself. Therefore, GraceWell must be a good steward of these funds: approving individual sharing requests that fall within the sharing Guidelines and not approving sharing requests that fall outside the Guidelines.
GraceWell Members must have Medicare Parts A & B to participate in and maintain GraceWell Membership. In order for prescription costs to be eligible for sharing, Members must also have Medicare Part D. All sharing is secondary to Medicare.