How the Funds are Used
Accountability and financial integrity are vital concepts at Liberty HealthShare℠. All that we do at Liberty HealthShare℠ is done in a spirit of public trust.
That trust goes both ways. We ensure that our members fulfill their obligations to be truthful and honest with each other.
All members pledge to abide by a Statement of Beliefs and to truthfully disclose information about themselves when they join or submit medical expenses to be shared.
We use state-of-the-art technology to verify medical information and to be certain that funds contributed to members are used exclusively to pay those expenses. We track all monthly assignments and verify that members send their Monthly Share Amounts.
Our Board of Directors is the final authority that oversees the entire organization. Our Board Members are independent, non-compensated decisions makers who follow a strict conflict of interest policy.
Your Money, No Surprises
Most importantly, with the exception of a small administrative fee, you don’t send your money each month to Liberty HealthShare℠. Money designated by members for cost sharing is never owned or invested by Liberty HealthShare℠. We assign your Monthly Share Amount to be sent directly to another member who has medical expenses via ShareBox, and track that exchange to be certain that it is appropriately paid. Liberty HealthShare℠ exercises oversight and accountability to make certain those funds are used only to pay medical expenses.
We are audited annually by independent outside agencies to ensure proper use of funds.
You can view our annual audit at this link here:
Latest Annual Audit PDF (1.2 M)