Is Medi-share a good deal?

Is Medi-share a good deal?

While Medi-Share isn’t insurance, it could be a great way to save on healthcare costs this year. If you qualify for subsidized health insurance, your monthly payments may already be affordable. But if you’ve been paying for unsubsidized health insurance, Medi-Share could save you a ton of money.

What is Medi-share health insurance?

Medi-Share is a non-profit, Christian-based medical expense-sharing program. Members share in each other’s health expenses. Members place their monthly share (similar to a premium) into one large sum, which is technically a credit union account. Those with expenses use that money to pay their bills.

Is Medi-share regulated?

Medi-Share is exempt from regulation.” Members of Medi-Share who forgo health insurance send in hundreds of dollars each month in exchange for no guarantee of anything and a service that isn’t subject to regulation.

How many people are on Medi-share?

Medi-Share’s affordable healthcare plan is exempt from the mandate to purchase health insurance under the Individual Mandate of the Affordable Care Act. With a program membership population of 317,576 (as of October 2017), Christian Care Ministry currently operates in all US states.

What are the downsides of Medi-Share?

Medi-Share Disadvantages

  • You might not be eligible for expensive surgical procedures or care because Medi-Share is technically NOT insurance.
  • Medi-Share is NOT insurance.
  • Many hospitals won’t deal with Medi-Share, even if the hospitals are in your network, and as a result, you will need to pay out of pocket yourself.

Does Medi-Share cover pre existing conditions?

Medi-Share does not exclude people for pre-existing conditions (similar to major medical plans), but they won’t pay for any pre-existing conditions for the first 36 months.

How many members does Medi-share have?

Does Medishare really work?

How does Medi-Share work? When you join Medi-Share, you select your desired Annual Household Portion (AHP) which works just like a deductible does for traditional insurance. You then make monthly payments that typically cost around 60% less than your premiums would be with normal health insurance (more on cost below).

How does Medishare insurance work?

Medi-Share members contribute a fixed dollar amount each month to their own savings account. When a member of the community is ill and needs help paying their medical expenses, the person submits a request for the amount needed to cover the bill.

Is Medi Share health insurance?

It is a Christian healthcare system of medical bill sharing. However, Medi-Share is not insurance , and not all medical conditions are eligible for sharing. Participants pay an AHP (Annual Household Portion) toward their own medical costs; expenses beyond this are eligible for sharing among the ministry’s membership.

What is Medi-Share health insurance?

Medi-Share Health Insurance is a Christian-based program designed to allow members to help each other with medical care costs and create a community for support, prayer and encouragement.

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