Wife uses Medishare....
It has some pros and cons, but has worked for her (and my daughter).
Adding her onto my insurance would have cost triple what she pays with Medishare.
Pros of Medi-share
Medi-Share is cost-effective because each family contributes a monthly specific dollar amount they choose based on program options.
Medi-Share members are exempt from the individual mandate clause of the Affordable Care Act (ACA), which means that members are not subject to the penalty associated with not carrying insurance.
Membership cannot be terminated for developing a medical condition.
Medi-Share does not impose annual or lifetime limits.
Qualified adoption and funeral expenses are covered under Medi-Share.
Membership is not affected by state of residence or employment status.
Medi-Share is audited annually by an independent accounting firm to ensure financial stability.
Medi-Share provides a viable option for those who are looking for an alternative to shopping on the ACA Marketplace.
Cons of Medi-share
Medi-Share is not insurance. It's simply a way to help cover the cost of medical expenses.
Many states do not consider Medi-Share an insurance company, which means consumers have little or no legal protection if a claim is not paid, coverage is denied, or the ministry goes bankrupt.
There are certain restrictions and payment caps relating to pre-existing conditions.
Certain pre-existing conditions, such as diabetes, require a member to pay an additional monthly amount along with standard membership fees.
Because Medi-Share is a faith-based organization, they have specific rules associated with membership. For example, members are required to attend church regularly, abstain from tobacco and illegal drugs, and attest to a specific statement of faith. For a full list of eligibility requirements, you can visit Medi-Share's online guidelines.
Medi-Share cannot be used with Health Savings Accounts (HSAs) or reimbursement plans, such as the new Small Business Health Reimbursement Arrangement.
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In response to this post by Tombo)
Posted: 06/04/2018 at 09:39AM