Mrs.A.Mann
Expert
Anyone know if you can run a short-term policy AND cost share at the same time? Seems like it's possible.
Christian Health Ministries
- Thread starter MrBigD117
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My family uses Christian Healthcare Sharing also. Never had an issue in 7yrs. All the medical bills we've had have been paid completely, just as they lay it out. My son was in an auto accident earlier this year, bills pushed $10k (which in an of itself was a crock, but that is another subject). 100% of the negotiated totals were paid.
Being self-employed healthcare plan costs got out of control for me and my family. A friend that had used this plan for close to 20 years with no issues recommended it. It is not insurance, people need to know that going in. I would say that its a great option for younger families for sure.
If actual healthcare plans were to become "affordable" again, I would entertain that. Right now, its ridiculous.
Being self-employed healthcare plan costs got out of control for me and my family. A friend that had used this plan for close to 20 years with no issues recommended it. It is not insurance, people need to know that going in. I would say that its a great option for younger families for sure.
If actual healthcare plans were to become "affordable" again, I would entertain that. Right now, its ridiculous.
$10k is not what crashes the plans. Plans crash when many large claims push renewals up and the healthy go elsewhere.
"Younger" doesn't affect the numbers of a plan design. I've crunched the numbers under many scenarios and HDHPs always come out on top as far as providing least total cost of premium + claims. This means that for the self-employed a HDHP with an HSA is the most financially beneficial recommendation that ends with a known maximum liability.
The only modification to this was to buy a lower OOP at renewal when you know that a particular individual will max out for a year. Hip surgery comes to mind. One hip is upwards of $50,000. I know people that waited until 1/1 and bought both hips for one OOP. Note that when possible, only the individual getting having the claims bought the OOP down. The rest of the family stayed on the cheaper plan.
This last renewal forced changes or at least made consideration appropriate. STM becomes an option if you have a way to get past the 1st few days and lock in the remainder of the year. Also, I like the Farm Bureau underwritten plan for those that can pass underwriting. It is better coverage than the STM and provides limit to maximum liability. There is an HSA qualified option available. Unfortunately, this is for friends and family only because FB uses captive agents and doesn't sell outside. UHC administers and uses the same network as commercial plans.
Note that the penalty has to be considered with all of the above and STM does not fully limit liability.
I am now officially out of the individual market in TN.
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My biggest issue with it is the lack of accountability and tranparency within the organization. They are marketing this stuff as it is quasi insurance... so it should be regulated as so. According to the financials they publish (last I looked) it would only take about $8mm in unexpected claims to put them into the red for the year.
Also, most ponzi schemes paid out steady returns over many years until they finally imploded... just some food for thought.
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Also, just thinking out loud here.... it seems that the whole "selectivity" of this program is actually very "anti-christian". Jesus focused on helping those who have strayed in life.... he did not exclude them.... especially when it came to health conditions they had. I would not participate in the program because in my opinion it is the exact opposite of what the christian faith attempts to teach.
Also, most ponzi schemes paid out steady returns over many years until they finally imploded... just some food for thought.
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Also, just thinking out loud here.... it seems that the whole "selectivity" of this program is actually very "anti-christian". Jesus focused on helping those who have strayed in life.... he did not exclude them.... especially when it came to health conditions they had. I would not participate in the program because in my opinion it is the exact opposite of what the christian faith attempts to teach.
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I'm sure there are good and bad, as with anything. Didn't know any of them paid commissions...
The group we are with have been doing it since '94...and absolutely DO NOT say its insurance. In fact they are adament that people know its NOT.
I think there are over 200,000 people in the program IIRC. Tens of millions in needs shared each month, haven't looked at the numbers in a while.
Maybe TRUMP will fix traditional healthcare, and actually make it affordable.
The group we are with have been doing it since '94...and absolutely DO NOT say its insurance. In fact they are adament that people know its NOT.
I think there are over 200,000 people in the program IIRC. Tens of millions in needs shared each month, haven't looked at the numbers in a while.
Maybe TRUMP will fix traditional healthcare, and actually make it affordable.
Doubtful. We can pay for healthcare in any of several ways. None of the proposals stop the trend and won't stop it so long as healthcare isn't paid out of the decision makers pocket.
I talked to one person on some type of government disability. He was waiting on his check so he'd have $20 to take to the clinic to find out whether they will pull a tooth that was hurting. How does one fix that?
The other end of the spectrum for someone of similar age is an implant. Removing a tooth, packing cadaver bone in the hole, installing an implant then installing a crown costs ~ $5,000. The implant doesn't take long and the dentist and business partner manages to bill several million/year out of his office. Is the price necessary or reasonable? I don't think so.
My econ professor said that theoretically, prices will be based on cost (in an efficient market). Apparently the tooth market isn't efficient.
Answer the question about how to make a tooth implant or a hip or a heart attack "affordable" and you will become very wealthy.
Oh, I agree. The costs have run away big time... I'm sure some due to regulation, some due to higher liability insurance for providers (we are a sue happy nation), and some due to greed. And all that in turn drives up the cost of insurance... copays and oop, etc for the end user. Its a racket.
Wife took my son to the dr a few years ago to get some routine shots that were due (3 shots). He didn't see a Dr, just the nurse or assistant gave him the shots so they didn't bill us for an office visit. The bill was $183. She told them we were a self-pay and the lady said, oh... well let me re-run that for you. $51 out the door. Alot of bs, bureaucracy, and red tape between those two numbers. Something needs to change, I certainly don't have the answers. Not sure Trump will either, but I'm hoping some changes happen for the good.
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Price is based on cost and demand in an efficient market.
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Does anyone know if OBAMA himself ever signed up his family healthcare.gov?
Enough said
Enough said
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