Rising Health Care Cost
With each open enrollment, insurance costs increase and become a growing source of stress for individuals and families. Those not eligible for a tax credit may feel bookended between hefty monthly premiums or going without coverage altogether (while paying the substantial tax penalty). But many aren’t aware there is another alternative—and it’s called HEALT CARE SHARING.
Health care sharing is provided by organizations whose members “share” medical costs. As part of a health care sharing plan, you are responsible for paying in a certain share amount each month (like a premium) as well as an “annual unshared amount” for your own expenses (like a deductible) that your medical expenses must exceed before the plan shares your expenses.
Health care sharing can be great for people who are generally in good health – not eligible for a tax credit based on income and lack access to insurance through an employer or government. If you missed the open enrollment -health sharing is for you. And Last but not least it is for those who can not afford current expensive health insurance premiums.
Costs of health sharing are usually much lower than insurance premiums, although the rules may be different for what’s covered. Also, the annual “unshared amount” is much, much lower than deductibles on lower-premium or catastrophic insurance plans. Your choice of provider. There are no network requirements, and you provide your health sharing card as coverage.
