Posted on 11/01/2015 6:48:07 AM PST by appeal2
I interviewed Dale Bellis the person who's taking health cost sharing to the next level. It's becoming a movement and way to avoid the ravages of Obamacare and rising health care expenses. Liberty Health Share is defined as a Health Care Sharing Ministry and is specifically exempted from Obamacare. I signed up in August of this year and I'm saving $950 per month off my health coverage since I found LibertyHealthShare. I now pay $199 per month, have a $500 deductible and am covered for up to $1 million per incident. And best of all no Obamacare!
Click Here To Listen To The Interview
That’s great! I hope more people go this route!!
bttt
Health sharing ministries are turning into the cheapest alternative to Obamacare exchange health plans that still meet the requirements under the law for coverage.
Alternatives to Obamacare
http://hubpages.com/health/Alternatives-to-Obamacare
It also does not guarantee to pay anything... If it runs into financial trouble your bills are not guaranteed to be paid.
Nothing against these programs but the entire story needs told about them.
Interesting, thanks.
Here’s a review of it...
http://www.mydebtepiphany.com/putting-my-health-first-a-review-of-liberty-healthshare/
Then the law must be changed.
My brother is doing this ..... saving him a LOT of money & he does not have to pay the Obamacare “shared responsiblity” tax/penalty for no insurance. He’s paying $450/month for a family of 4 (annual: $5,400) versus $1,800 a month (annual $21,600). As you can see, it makes a significant difference to his budget. Since this is health cost sharing & not “insurance” & he pays directly for services (& is then reimbursed), he is getting 40-50% discounts on his medical bills since no insurance filings have to be done by the doctor’s admin staff. I believe the cost sharing group he is with will also negotiate bills for him. He had an ER visit shortly after going to expense sharing & the hospital negotiated discounts. BTW, this puts patients/doctors where they ought to be ... talking about care, costs, etc. with no 3rd party interference. So far, so good.
If you are interested in this, here is a great link for the Self Pay Healthcare Market .... if you scroll down, you will see links under “Health Care Sharing Organizations”:
http://selfpaypatient.com/selfpayhealthcaremarket/
I have had medishare same as liberty for a couple of years. Works everywhere the same as ppo. Went from 1400 month 10000 ded to 4 month for family of four. I also have disability insurance from them and saved another 800 a month for better coverage. I can’t recommend it enough. We lost our. Insurance from Etna just 1 month after they approved Obamacare. Here is a referral link if anyone wants to sign up http://bit.ly/1P4vtfY. I am a lurker here for many years but I had to post about this. Thanks to FR.
ping to self
The real irony is, the sweet irony, is that “cost sharing” is exactly what insurance is supposed to be about. And for centuries, it was....starting when ship owners from Britain would pool their resources to financially protect cargo being shipped across the ocean. This became the Lloyds of London, the very genesis of risk management by spreading, or sharing, the costs.
And this works, until government gets too involved and screws it up.
As I understand it, these programs aren’t really true insurance, in that there’s no guarantee that your bills will get paid if too many participants file claims, and rates will no doubt go up too if that starts to happen, leading to the adverse selection problem that typically dooms plans that start out low cost.
And by then you might have a pre-existing condition that makes purchasing insurance elsewhere prohibitively expensive.
Those appear to me to be the main downsides. The upsides are pretty obvious and are enjoyed immediately.
Those who need guarantees, will carry higher priced insurance.
How about this:
http://www.medicalcostshare.com/healthcare-sharing-based-on-Christian-values.html?utm_term=bcb_1
Try a Christian Approach to Healthcare.
Sounds like it's a perfect match for the 20somethings out there that aren't likely to need it anyway.
Not as perfect as a health savings account though.
If you can afford the $1,150 per month insurance ObamaCare premium (even if it's difficult), you might consider taking the difference between the two monthly payments ($1150 - $199 = $951) and save it somewhere so you accumulate a "health fund" over time. This can be used to offset any financial difficulties in the future that might not be covered.
I had a similar insurance before Obama care, from Blue Cross, Blue Shield for under $169 a month, doctor co-pay was zero and 1 Million per incident. After Obama Care, BCBS wanted over $900 a month for a “AHA” compliant plan and I would have a $5,000 deductible. I dropped it. I figured I was paying for my premium and the premium of 5 other Obama voters and a Bentley for the executives and well connected, screw that
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