What You Need To Know About Health Care Sharing Plans

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 health care…

Why I Chose a Cost Sharing Ministry Over Health Insurance

KIM GONZALEZ MAY 5, 2017 BUDGETING,  FINANCIAL PLANNING,  INSURANCE I recently left my corporate job to join my husband’s Registered Investment Advisory firm.  My husband has been on a grandfathered individual health insurance plan and pays reasonable rates.  We thought I could be added to his policy for minimal costs.  Instead we found that our best route was to…

How Healthcare Sharing Programs Compare To Traditional Health Insurance

EXECUTIVE SUMMARY With health insurance premiums continuing to rise every year – in some areas, compounding at double-digit rates – more and more consumers are questioning whether it’s even worthwhile to have health insurance at all. Especially now that the Tax Cuts and Jobs Act of 2017 has repealed the Individual Mandate (effective in 2019)…

ACA health insurance plans vs. Healthcare sharing ministries

by Holly Johnson October 10th, 2017 When the Patient Protection and Affordable Care Act became law in 2010, it brought with it a new era of healthcare for many Americans. Individuals who had previously been uninsurable due to poor health or pre-existing conditions were now able to get comprehensive health insurance coverage via their state health insurance portal…

3 ALTERNATIVES TO OBAMACARE HEALTH INSURANCE

IT’S THAT TIME OF YEAR AGAIN…  Yes, the holiday season but ALSO the dreaded “Open Enrollment” for medical insurance. That time of the year when you put off this line of the to do list because it’s just too confusing, overwhelming and irritating. The time of year when you start asking all your family and…

Alternative to Health Insurance

What is Medical Cost Sharing? Simply put, Medical Cost Sharing, also known as Health Care Sharing is the sharing of medical expenses done by a group of like-minded individuals and families who have decided to take back control of their own health-care decisions. Officially called Health Care Sharing Ministries, members who participate are exempt under…

Which Health Plan Is Cheaper?

Doing a thorough comparison of health care plans is difficult. But there is an imperfect, yet fairly, simple way to check whether a high-deductible plan might qualify for “no-brainer” status, meaning, it enables you to save on health care no matter how often you go to the doctor. Here’s how to do it: Start with…

Why So Many People Choose the Wrong Health Plans

Economic View By RICHARD H. THALER NOV. 4, 2017  https://www.nytimes.com/2017/11/04/business/why-choose-wrong-health-plan.html If you get health insurance from your employer, you have to make decision every year about which coverage to choose. So here is a warning: If you are simply sticking with an old plan with a low deductible, that may well be a wrong and costly choice….

Health Insurance and Direct Primary Care, 2018

originally written by Patrick Rohal, MD, FAAFP  for PA.  Revamped for NC readers  November 5, 2017 Tis’ the season.  And I’m not talking about the Holidays.  It’s open enrollment season.  The Pennsylvania insurance exchange opened for sign-ups on Wednesday, Nov 1st.  This year, the enrollment season is shorter, ending December 15. There is quite a…

Combine insurance with DPC

The news is out. BCBS will be increasing their rates 22.9%  This is less than last year’s increase of 24.3% but the dollars are still flying out while the quality of care keeps declining. http://blog.bcbsnc.com/…/premiums-rise-2018-affordable-car…/ We are recommending people look at their insurance plans and go to a higher deductible plan and become members of OneMD…