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HokieGator

Joined: 10/07/1999 Posts: 15025
Likes: 14359


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.

(In response to this post by Tombo)

Posted: 06/04/2018 at 09:39AM



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Current Thread:
 
  
For those of you self employed gents (and ladies) -- Tombo 06/03/2018 9:14PM
  Are you in NOVA? ** -- WestEndHokie39 06/04/2018 1:21PM
  Not anymore. Ran as quick as I could ** -- Tombo 06/04/2018 10:01PM
  Wife uses Medishare.... -- HokieGator 06/04/2018 09:39AM
  One option you may not be aware of inside. -- 48zip 06/04/2018 09:38AM
  High cholesterol and diabetes runs in the family... -- Hokie CPA 06/04/2018 09:34AM
  Pay out my ass for it ** -- Technocrat 06/03/2018 11:50PM
  Yep. That's what I did. -- GFallsFan 06/04/2018 09:19AM
  I put my kid on the payroll and now we have group -- Technocrat 06/04/2018 10:40AM
  Doesnt he have a minimum hrs/wk requirement? ** -- 48zip 06/04/2018 11:32PM
  No ** -- Technocrat 06/05/2018 12:13AM
  Here's your solution ... -- vt90 06/04/2018 09:26AM
  Yup...it’s horrible. -- vthokieq 06/04/2018 07:21AM
  It's actually pretty cheap ... -- vt90 06/04/2018 08:51AM
  Yep. I had an affordable individual plan -- RTFC 06/04/2018 12:42PM
  Wow! I had no idea. That's terrible. ** -- GFallsFan 06/04/2018 09:20AM
  Since the boss is away . . . -- YardBird 06/04/2018 11:09AM
  I work with a guy ... -- vt90 06/04/2018 09:04AM
  Re: For those of you self employed gents (and ladies) -- Full-Set and Moonshine 06/03/2018 9:30PM
  Anthem farm bureau but it's really expensive ** -- HOKIEVET 06/03/2018 9:25PM

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