Thank you for posting this question. I was just researching Medi-Share last week. It turns out there are several other similar programs for Christians interested in sharing medical costs, but only three main programs, with Medi-Share being the largest (from what I gathered). I called and talked to a couple of their customer service reps. They strongly emphasized that Medi-Share IS NOT insurance. I believe the other similar Christian share programs also say this.
I found it concerning that they are not regulated like typical insurance programs, so they do not guarantee payment. I went on the BBB website and read reviews and complaints, which was concerning. It seemed like one of the main complaints was Medi-Share not covering certain expenses because they deemed it to be related to something preexisting. I found the Medi-Share definition of preexisting to be quite broad. My friend was with Medi-Share for a number of years, but never put in a claim, so couldn’t speak to whether they were easy to work with on getting payment. You may be interested in reading these reviews-
It seems there is no way to verify the financial stability of the Medi-Share company, like there may be with larger companies that are regulated and provide financial information to investors. As a result of my research, I was not comfortable with the idea of joining Medi-Share.