Finance and Economics > The Money Board

Opting out of Affordable Care Act (Obamacare) is saving us a TON of money

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iam4liberty:

--- Quote from: iam4liberty on November 11, 2017, 06:18:48 PM ---I will ask some of the contacts I made if they know of any.

--- End quote ---

Just got this back:

All the direct PP-ACA and state exempt ones are sponsored by religiously affiliated organizations.  But you might suggest they search for HealthExcellence from Sedera.  They include cost sharing in their program and the statement of belief does not require belief in God.

I hadn't heard of this option before.  Here is a link I found: https://myahe.org/what-is-medical-cost-sharing.  Here is their statement: https://myahe.org/534-2/principals-of-health-sharing

AvenueQ:

--- Quote from: iam4liberty on November 12, 2017, 02:06:11 PM ---Just got this back:

All the direct PP-ACA and state exempt ones are sponsored by religiously affiliated organizations.  But you might suggest they search for HealthExcellence from Sedera.  They include cost sharing in their program and the statement of belief does not require belief in God.

I hadn't heard of this option before.  Here is a link I found: https://myahe.org/what-is-medical-cost-sharing.  Here is their statement: https://myahe.org/534-2/principals-of-health-sharing

--- End quote ---

Thank you, I'll take a look at those.

iam4liberty:
Some stories here showing differences between ACA insurance and healthshares.The healthshare being cited is the one we joined.

https://www.lifesitenews.com/news/an-affordable-moral-alternative-to-obamacare

An affordable, moral alternative to Obamacare

Years into Obamacare’s implementation, many Americans still face prohibitive insurance costs, difficulty securing coverage and loss of choice in their healthcare providers. Those problems aside, serious conscience issues also persist for Christians and others over the controversial healthcare law’s subsidization of abortion, contraception and abortifacients.

Since last year Solidarity HealthShare has been offering an affordable alternative to insurance that is in keeping with Christian principles.

With the high cost and other Obamacare-associated troubles and its annual open enrollment period in process, Solidarity is making a special effort to reach out to Americans who may be particularly struggling with affording healthcare coverage.

“We just realized the working poor, single moms and veterans are really struggling right now trying to find a way to pay for healthcare,” said Solidarity HealthShare CEO Brad Hahn. “We could be a great solution to these groups.”

Hahn said the idea of reaching out specifically to moms grew out of Solidarity’s very founding, and is appropriate with moms being the decision-maker in many households, but also in providing a way for moms to care for their families.

iam4liberty:
More articles appearing in press like this one explaining how it is a win-win for everyone involved.

http://www.cachevalleydaily.com/news/local/article_a40d9ae6-d19e-11e7-bfdb-d367920379c1.html

Health share options growing in popularity among people of faith

For those considering their 2018 health insurance options, open enrollment in Utah continues until Dec. 15 and some of the choices in the market don’t even call themselves “insurance.”

One example is Liberty Healthshare which falls into the category of healthcare sharing ministries.
Dale Bellis, the company’s executive director, said it is a nationwide nonprofit association of people who have joined around a common cause.

“And that is paying each other’s medical bills. We do it without the aid of an insurance company, or the government. It’s just a regular, systematic way to meet healthcare costs. And it’s not insurance.”
He said 71,000 households are enrolled across the nation, representing 175,000 individuals.
...
He said the concept catches consumer’s attention when they first understand it is very cost efficient and cost affordable.

“Number two is the change of mentality that says we are all self-pay patients, we don’t have insurance. So when we go to the doctor it’s our money at stake as well as the money of our fellow members, because we are sharing those costs in community with each other.”

He said the other response is “…my money is going to help another person, it’s not going to a company’s black hole somewhere.”

Bellis said Liberty Healthshare members are encouraged to ask for the best cash price for services from a doctor or a hospital.

“Many people don’t realize that what a hospital will bill, they will accept far less in resolution for that particular service. We want to reimburse providers fairly, honorably and reasonably.”

Smurf Hunter:
I've already re-enrolled with our PPO plan from my employer for 2018, but in general how do health shares deal with pre-existing conditions?

In 2017 my son's insulin dependent (type 1) diabetes cost my health insurance company over $15K based on EOB (explanation of benefits).
We hit all our deductibles and out of pocket maxes before Q2 this year. 

Think the premiums for the family are $4300, + $500 family deductible + $5000 out of pocket max
We also max out the FSA limits.

If not for this chronic condition, a catastrophic style plan might suffice, though we do enjoy the ease of going to any specialist without referral.

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