Healthsharing Health Coverage
What are health share coverage plans?
Medical Healthshare programs are based on religious beliefs and allow for program members to do voluntary sharing of eligible medical expenses. Instead of paying healthcare premiums, program members will send in shares of money, which is analogous what a health insurance premium is. These shares of money are used to pay the medical costs of all members. It is a form of risk pooling among those who have the same ‘religious beliefs and morals’, and insurance at its’ core is also a form a risk pooling. Healthshare health programs typically are very good health coverage options for what medical expenses they cover and for the price you pay. Switching to a health share plan can save a considerable amount of money compared to other types of coverage and types of coverage.
The Cost of Healthshare Coverage
How much is healthshare health coverage?
A Healthshare program is more than a value-based health care. Healthshare plans continue to grow in popularity and their included benefits do as well. Maybe times these benefits include 24/7 telemedicine care, prescription benefits, discounts on dental and vision, and more. They can be far less expensive than a standard monthly health insurance plan, while also providing favorable co-pays, deductibles, and more. That can be very enticing to anyone who is dealing with high premiums from employer-based group medical benefits or expensive marketplace coverage that seems to continue to increase in cost every year. If you’re interested in a quote for a health sharing coverage options for you and your family, Get a quote in minutes here..
Benefits of Healthshare Health Coverage
Are Healthshare health coverage programs good?
There are millions of people in America currently enrolled in healthshare health coverage programs. Billions of dollars have been paid in health claims from healthshare type plans and the amount of coverage received based on the premium for many consumers is part of the reason they are so popular.
A person with strong religious beliefs might seriously look at a Healthshare plan. Healthshare plans require eligibility for coverage, which differs from marketplace plans where eligibility is based on enrollment periods and special enrollment period eligibility. A few things to consider when looking into healthshare health plans are:
- Because this is a voluntary, faith-based program, some of the legal protections common to health insurance are not there. While voluntary, healthshare programs have paid out billions of dollars in health coverage claims and reimbursement and at times pay out higher for claims than marketplace health plans.
- There is no mandatory coverage. Health insurance plans purchased through the affordable care act exchanges must cover ten essential services. There is no such requirement for a Healthshare plan. This is why Healthshare and many private marketplace plans are more affordable at times, because the coverage is not required to include benefits that you may not even need or want.
- Healthshare programs have become more popular since the inception of the government healthcare marketplace. The costs for coverage are usually comparable to other private health plans, but the coverage is usually more comprehensive in total dollar amount of coverage for claims.
- The expenses of healthshare coverage plans are relatively low if a person has a healthy lifestyle and does not have significant medical emergencies. Healthshare plans also give a sense of community to its members with their shared beliefs and moral codes, in addition to the benefits of risk pooling amongst large populations of covered members.
Shopping for a Healthshare Plan
Find a healthshare health coverage plan
Shopping and learning more about healthshare plans and their benefits is simple! You can complete our short form to connect with licensed agents who are experienced in health sharing health coverage plans. Millions of people are enrolled in healthshare plans across the country. You can find out if switching to a healthshare plan will save you and your family money in minutes. Contact us today for a free quote from experienced, licensed healthshare agents.