I learned recently about an alternative to purchasing a PPACA-compliant health insurance plan. There are three organizations whose members are exempted from PPACA penalties (see pages 107 and 128), Samaritan Ministries, Christian Health Care Ministries, and Medi-Share. As PPACA is currently written, no similar organizations can now be started, but these three are grandfathered in.
How They Work
These three organizations have some very specific requirements, including a declaration of faith, in order to be eligible. Medi-Share's declaration of faith requires that you and any adult children on your plan sign a statement indicating you believe that
- “the Bible is God's written revelation to man and that it is verbally inspired, authoritative, and without error” and
- “that man… because of sin was alienated from God [and can be saved from that alienation] by accepting God's gift of salvation by grace through faith”
Christian HealthCare Ministries requires you to attend church regularly. These organizations may require an endorsement from an ecclesiastical leader. None of them allow you to smoke or use drugs, nor abuse alcohol nor prescription drugs. They also do not pay for medical problems caused by not living by these “biblical principles.” This includes abortions or maternity (and presumably pediatric) care for children resulting from extramarital sex. There may be an additional charge if you are overweight or particularly unhealthy.
Every month you pay a “share” instead of a premium. These shares range from as little as $37 a month to as much as $7-800 a month, but are generally significantly cheaper than comparable health insurance. The more you elect to be responsible for each year, the lower your premium. Your share is either sent directly or indirectly, to someone who had a need the month before. It generally goes to someone who had a significant health expense the month before. If there is more money shared than needed, it is used to pay expenses for the current month, then if there is still money remaining, it is rebated to members. If there is less money shared than needed, it is pro-rated (i.e. you don't get all of your health care paid for). There are caps on how much you can get reimbursed, such as $250,000, without joining a special program with additional requirements and fees. There are severe limitations on pre-existing conditions that may never go away.
What I Like
There are a number of things I like about this model of paying for health care. I like the idea of eliminating the health insurance company, its expenses and its profits. I like the idea of getting the patient and the doctor closer together, without the middleman. I like the idea of feeling responsible for my own bills and those of others in my community. I like the idea of not having to pay for at least some of the poor health care related decisions made by other people in my “insurance pool.” I like the community pressure to not spend more than you need to on health care. It reminds me of a story about an Amish man who had to be cardioverted for an arrythmia. A dozen members of his village showed up in the ED to pay the bill before he left. He elected not to be sedated for the cardioversion due to the additional expense. “It only hurts for a minute, Doc,” he would say. However, the more I think about these organizations, the less I like them. I can come up with 8 reasons not to join one.
1) The Discrimination Factor
If you don't fit these organizations' rather narrow view of Christianity (Catholics, Mormons and others who consider themselves Bible-reading Christians don't qualify, nor do Jews, Muslims, Atheists etc), you're just out of luck. (although I've been told Catholics are okay and in fact the person who brought it to my attention is Catholic.) The fact that these organizations have been granted an exception to PPACA is ridiculous since there is no provision for a similar religious or non-religious organization to get the same exception. This is frankly unfair and ought to be illegal. Either everyone should be able to start an organization like this or members of this organization shouldn't be exempt from PPACA penalties.
2) Lack Of Preventive Care Coverage
One of the reason PPACA-compliant plans cost more than a similar health care insurance plan is that these insurance plans provide preventive care. You're on your own for this with these three organizations. Most don't allow you to “share” costs below a certain amount, such as $3-500. You can burn through a lot of money at less than $500 per need. Immunizations aren't covered. Frugal folks tend to skip a preventive visit when they actually have to pay for it, which may lead to more health problems and costs down the road.
3) You Become A Self-Pay Patient
I see self-pay (i.e. no-pay) patients every day, about 20% of my patients. Aside from the irritation of being required by law to take care of their emergencies while knowing only about 3% of them will actually pay me anything, the main difficulty I have with self-pay patients is getting them follow-up care, especially from specialists. I talk to the specialist on the phone, he agrees that the patient can easily be seen in clinic in a few days, so I discharge the patient from the ED with the number for the clinic. He calls the clinic the next morning and is asked “What is your insurance?” When he informs the clinic that he doesn't have any, he never sees the doctor (and the doctor usually never even hears about him.) He is left in the unenviable position, every time he needs any non-emergent health care at all, of trying to convince the front desk folks that he is really going to pay them. That usually means “cash on the barrelhead.” You show up with a credit card, a check, or a stack of Benjamins or you're not seen. To make matters worse, the highest bills my billing company sends out are sent to the self-pay patients. They might get a small discount for paying promptly, but that discount isn't nearly as large as that which insurance companies have negotiated for their members.
4) No Catastrophic Coverage
The point of health insurance is to keep you from having to declare bankruptcy in the event of unexpected health care costs. These plans limit you to just a few hundred thousand dollars for a health care problem. It doesn't take long for a chronic illness, or a particularly severe acute illness or injury, to surpass that sum. Imagine a 30 day trauma ICU stay or a preemie requiring months of NICU care. You're still going bankrupt because you don't have real health insurance. One of the best parts of Obamacare is that it eliminates idiotic insurance plans (like the one my Aunt had when she was diagnosed with pancreatic cancer. The maximum annual benefit was $2000. Yes, you read that right, just $2K.) Some of the features of these sharing plans aren't much different from many bad insurance plans in the past. There is no guarantee that your health care needs will actually be paid for. There is no contract.
5) Pre-existing Illness Limitations
Another great aspect of Obamacare is the elimination of pre-existing illness limitations. My wife was once turned down for health insurance because she had a single episode of cystitis. That needed to go. However, these plans don't cover pre-existing conditions, not even after a year. If you have rheumatoid arthritis when you join, none of your expenses related to that will ever be paid for. A significant societal issue with this philosophy is that the healthiest people aren't part of the insurance pool, so costs go up on those who are in it. Essentially, someone ends up having to pay more for health insurance because he doesn't believe Moses parted the Red Sea.
6) The Fine Print
Reading the fine print reveals all kinds of interesting issues with these sharing plans. For example, if you're hurt on someone else's property, they want you to sue the property owner to pay for your care instead of sharing it. They also only allow you to share the first 120 days of medications you may need for the rest of your life. There are serious limitations to psychiatric coverage. Gastric bypass isn't covered. If your child wasn't wearing a legally required helmet, you can't share the expense of a head injury. If he was injured in a water skiing accident where the driver of the boat was operating recklessly, you're out of luck. ADHD treatment? Not covered. Self-inflicted injuries or injuries resulting from a criminal act? Not covered. They also encourage home births and VBACs by allowing you to share the entire cost of care (instead of the amount above and beyond $300.) My point is there is an awful lot of subjective stuff in the fine print that you wouldn't necessarily see in a comparable insurance policy. Just like with disability insurance, the more exceptions there are, the more likely you are to disagree with the organization about whether any given expense should be covered.
7) Unfair to Physicians
Christian Health Ministries, rather than encouraging its members to pay their physician bills in a manner fair to the doctor, suggests the following:
“Tell your doctor you are self-pay but an organization may help with your bills later. Ask for a bill reduction. Please don't make full payment up front. Apply for any available financial assistance. Set up a payment plan with your providers.”
Basically, the modus operandi is to inappropriately acquire the assistance that hospitals, doctors, the government, and community organizations have set up to assist the poor. Now, I'll be the first to admit that our health care system is screwed up, but I'm confident that the solution isn't to have those who have the means to pay their bills avoid paying them by pretending they can't because they chose to pay shares instead of premiums. That doesn't seem like a very Christian way to run an organization to me. Frankly, if I were running a private clinic, and a patient told me they were a member of one of these organizations, I wouldn't be offering any discount at all, and certainly wouldn't feel a need to provide free care. I'd give them the full-rate bill and tell them to send it to their sharing organization and encourage their organization to contract with me to guarantee payment in a timely manner if they would like to pay the lower insurance company rates.
8) No Subsidies and No Tax Deduction
People who have sufficient money to pay insurance premiums without subsidies are going to prefer the guarantees that real insurance provides. Those who don't have sufficient income may be attracted to the lower price of one of these sharing organizations. However, those are exactly the same people who qualify for subsidies from the government to help pay for them. You don't get those to help you pay your shares. Nor can a business or the self-employed deduct the cost of his shares like he could with health insurance premiums.
Overall, I don't think I can recommend this approach to paying for health care to readers or to patients. I think that buying real health insurance is going to be a much better option, no matter what your income level or religious beliefs.
What do you think? Do you take this type of “insurance?” Do you use it? Comment below! (Keep comments civil or they will be edited/deleted.)
Thank you for your article. In our case we are looking at this as a viable alternative to Health Insurance. It appeals to us being self-employed we don”t have the time to go to a lot of doctor, but need catastrophic health coverage. Husband and wife in late 50’s both self employed – $500 per month for healthshare vs ACA 2017 $1900 a month (2.5 times what we paid 2016 – 25% of our combined income). Health share does not pay for some treatments which in review would not apply to us. Pre existing conditions could be tricky – since I had major surgery more than 5 years ago it should be apply.
Yea, it’s getting more attractive to us too. I think we’re going to do regular health insurance for this next year and reevaluate again. We’ll see what differences our big political changes this year will make.
I’m self employed and carry our medical insurance. Beginning in January we will take one family member off of our insurance (going from 5 to 4 members). If we keep the same exact plan, our premiums go from roughly $1,200 to nearly $1,900 a month. What family can afford this? So, I just enrolled with Liberty Health Share. Our monthly share will be roughly $450/month. One well visit per person per year is shared by Liberty. After $1,500 out of pocket the remaining bills for 2017 will be shared as well. The savings are ridiculous! My only concern is, how will this affect my taxes since the monthly share amounts aren’t deductible? Will my savings of $650/month more than cover that? I have a call out to my accountant to help answer this for me. I’ll report back!
I guess my savings are actually $1,400+ a month…..:)
Easy calculation to make. With insurance (when self-employed) all premiums and if using an HSA all deductibles and co-insurance is pre-tax. So take 1 minus your marginal tax rate and multiply it by the total spent on healthcare. So if you spend $1900 a month on insurance, plus $5K a year on co-insurance and deductibles, that’s $27,800. Multiply that by 1-40% (or whatever your marginal rate is) and it comes out to $16,680. If your health-sharing premium is $450 a month and you spend that same $5,000 a year on non-covered stuff, that adds up to $10,400. So in your situation, you would come out ahead, even after tax and even including the benefit of having the money you didn’t spend stay in the HSA (hard to quantify, but no zero). But in my case, where my premium is $1200 and marginal tax rate is about 47%, I would come out ahead with insurance after tax.
This year in Arizona, a $6800 deductible “Bronze Plan” with no prescription benefit through Obamacare will cost my healthy family $26,000 in premiums, even if we never go to a single doctor. If we choose to buy a private insurance plan outside of Healthcare.gov, the federal government will fine us hundreds of dollars every month. We decided to join Samaritan Ministries, a Christian, nonprofit, health co-op which is exempt from the Obamacare monthly tax. I am concerned about the lack of catastrophic coverage but the total “shares” each year for my nuclear family with four kids is $6000. If one family member gets sick under Obamacare, I’ll instantly be in for over $30,000 for the year.
Insane isn’t it?
One of these ministries offers “catastrophic coverage.” You might consider choosing that one.
Samaritan has catastrophic coverage. It’s called Save to Share and costs very little.
Very helpful discussion. I was wondering, are any of you reconsidering your positions in light of the cost increases under Obamacare?
I had not considered health sharing to this point, however the 2018 premiums were just announced at $2400 (was $1100 four years ago, 50% increase in 2017-2018). Yes, $28,800 in premiums! I just can’t afford that.
I will not debate the discrimination issue or personal preferences, but the health sharing programs appear to have patched some of the negatives in the past years? For instance one gold plan eliminates the catastrophic coverage cap for a very reasonable cost ($500 total premium in my case). The self pay/ negotiation is also apparently accepted by doctors, at least in my area in S.C.
I understand the psychological influence with he lack of preventative care coverage, but it certainly not a fiscal issue… with $1900 a month premium savings, I can pay for my own flu shot and feel very happy about it. Similar with prescription drugs, not a factor in my specific case. No pre-existing conditions to scare me off as well.
I hope someone is still following this thread, it has been very helpful and I would appreciate your updates for my difficult decision.
Yes. I reconsider it every year during open enrollment. That time is coming up soon.
Time for an update? I’m looking at $2500 a mo for $15,000 family out of pocket max…
So I would be on the hook for $45,000 of payment before I get much help…that can buy ALOT of preventative care.
I think this is the last year before it all implodes. People are going to be FLOCKING to Christian Health Saving accounts for 2018…
Did you see Dr. Wolfe’s comment above? That’s a pretty good update. Still waiting to see what my premium will be next year. Open enrollment is in a few weeks.
mark
We joined in July. My husband left his job (and our insurance) in June, and we covered Cobra for a couple of weeks until we found Liberty and got set up. I priced Obamacare plans and was shocked and panicked. We just couldn’t afford that kind of premium with gigantic deductibles! He has a new job and benefits begin this month. Guess what? We are keeping our Liberty, too. We chose the highest deductible plan (through the job) that comes with preventative features ($45 month for two of us because deductible is like $6800 annually and because we qualified as healthy individuals) and our Liberty has a $1000 deductible, so we have the best of both worlds for under $350 monthly. PLUS… and this is the big kicker …. since we are already on board with Liberty, he can hope to retire at 62 ONLY because of health sharing. Otherwise we would have to wait until 65 because Obamacare alternatives just cost too much and have horrid deductibles/coverage. We couldn’t afford to have him retire early at 62 with those costs for healthcare coverage. Liberty will give us the ability to retire him before Medicare with health-sharing peace of mind. If we drop Liberty now, we run the risk of developing some medical problem that would be a pre-existing condition, so they could choose not to accept us again. Once you are in, and stay in (as I understand it), the preexisting worries are gone, and Liberty will cover you regardless of what you develop along the journey. SO worth the $299 month. Once he turns 65 Medicare can take over, but I am honestly wondering if we might still keep Liberty even then as our secondary. My only question is “Why isn’t everyone health sharing?”. Hopefully the insurance lobbyists won’t push the concept of health sharing out, and we will continue to enjoy such a wonderful (and RESPONSIBLE) program. And might I add that submitting bills is the EASIEST ever? I spent waaaaay more time coordinating communication and paperwork between insurer and medical facilities before. I love the prayer requests and support that the health sharers offer one another. Really sweet. Praise the Lord God Almighty for Liberty! (It’s so cool that they share my point of view on that.)
I’m considering signing our family up for one of the health sharing plans.
My only question is HSA accounts and if we can open one.
We live in Washington
Thanks for any input.
No. You have to use a HDHP to use an HSA and health sharing plans are definitely NOT a HDHP. They’re not a HP at all per the government, but you do get a waiver on the PPACA penalties.
Doesn’t mean it’s a bad move, but you don’t get an HSA.
The cheapest ACA compliant plan option for me on the Marketplace for 2018 will cost over $2,800 per month with over $13,000 out of pocket max for my family of 4. I’m out.
I just signed up for Liberty Healthshare. I’m hoping for the best.
Insurance is supposed to protect your life savings. You’re not supposed to spend you life savings on the premiums.
I think it is time for some updates on thIs outdated article. There are other HealthShares that work differently than what is described. Liberty HealthShare will cover up to $1 M per incident. They will share prexisting after a period of time. Nothing is considered preexisting after 4 years. They don’t covered stupid things like sex changes or birth control but not many people care if insurance covers a months worth of the pill for $6. They let all Christians (which of course includes Catholics and Members of the Church of Jesus Christ of Latter-day Saints or “Mormons”) join. If an incidence racks up more than $1 M I can jump on Obamacare to take over from there or claim bankruptcy. Hospitals and insurance companies are playing huge games to jack up the price of healthcare at rates WELL above inflation. My wife’s D&C after she miscarried cost $13K for 11 minutes of the Doctor’s time. We had to pay over $3000 for that m. My gallbladder removal cost $11K for less than 20 minutes. We had to pay close to $3000 for that. Our insurance company offered a program that if we made every opointment when my wife was pregnant that the baby would be “free.” Well, she didn’t have an epidural and only spent 1 day in the hospital and we still met our high deductible and had a bill over $2,000. I pay $685 every single month for my high deductible insurance (and my employers covers another $400) and then it only covers 80% (which my premium is going up 5% in July). Why is it Ok for hospitals to charge the price of a nice used car for a few minutes of the doctor’s time from schedule, out-patient surgeries? I have over $12K in medical bills fr M these three things that added up took about 1 hour of a doctors time (at the most) on top of the $8220 a year in premiums. And now you are admitting that you will charge the absolute highest amount to anyone that tries to save money on these outlandish prices? That is sad. We need a cop on the beat dictating how much doctors and hospitals can charge. We have a bunch of greedy pigs in this industry! Let’s cut out the insurance crooks and stop hospitals from playing billing games. If Medical bills were reasonable more people could pay them and we would have less Robin hooding going on.
You must have missed the recent update.
Just a note about faith. Members of The Church of Jesus Christ of Latter-Day Saints probably should not be joining Medi-share specifically. In Medi-Share’s Christian testimony you must agree to this:
“believe the Bible is God’s written revelation to mankind, divinely given through human authors who were inspired with the Holy Spirit (2 Timothy 3:16-17). It is completely authoritative, entirely true, and without error. The Bible is totally sufficient and is the only written revelation of God given to mankind for matters of salvation, life and faith.”
As anyone familiar the the Church of Jesus Christ of Latter-Day Saints knows, there is also further revelation in addition to the Bible called the Book of Mormon (https://www.churchofjesuschrist.org/study/scriptures/bofm/title-page?lang=eng). It’s a great read, but that’s not my point here. If your honesty and faith is important to you, you will want to read all the “fine print” w/ Medi-Share specifically.
This was a bummer for me because Medi-Share was my number one choice and I look at myself as a deeply devout follower of Jesus Christ.
Just another interesting tidbit; I saw this quote from a Utah newspaper’s article about Utah’s use of Medi-Share:
“One of the largest ministries, Medi-Share, has nearly tripled its growth since 2013 — going from 64,000 members to 189,000. In Utah alone, Medi-Share quintupled its membership, according to a spokeswoman.” (https://www.deseretnews.com/article/865648375/Christian-based-alternative-to-Obamacare-making-gains-in-Utah.html)
I realize all of them are not members of the Church of Jesus Christ of Latter-Day Saints but I don’t think they all read the “fine print!”
I assume this blog is dead to most readers but my premiums just went up also, so I’m on a better-alternative hunt!
Thanks again for your website!
# 1 Why would the blog be dead?
# 2 If you feel like punishing yourself over a few words, that’s your right. Obviously something like 189,000 people didn’t feel like doing that. I don’t know how the faith statements read for their competitors, but you can take a look and see if you can agree with those enough to get health care sharing through the company.
If you feel strongly about the faith statement- and I agree you should- then look into Christian Healthcare Ministries. Their faith statement would not preclude Latter Day Saints from joining.
Thanks for your comment. I agree that if our integrity matters to us then details will matter to us. Certainly, sometimes a few words are not worth getting worked up about but I feel like in this specific case its a significant matter.
I actually just signed up w/ CHM a month or so ago. Seems to fit my family and situation.
If insurance was structured only to cover true catastrophic events, the cost would be much more affordable.
I personally feel that the role of insurance is to protect us against those things that we can’t plan for or budget for. Medical insurance covers so much, that naturally the premiums are sky high. Health care sharing ministries are not perfect, but they are a much better option for many of us than going without any type of health plan, simply because we can’t afford traditional medical insurance.
We are happy with our membership in Christian Healthcare Ministries and will continue with them unless/until health insurance becomes affordable or ceases to cover everyday routine medical expenses.
My husband and I are self employed. We carried health insurance but after Obama care our insurance doubled as did our deductible. We researched insurance companies and chose Christian Healthcare Ministries at $300.00 per month for the both of us. This past April I had a major crisis after a lap hysterectomy that went bad. I was life flighted to a trauma hospital and (as the surgeon at this hospital told us) arrived basically dead. I did recover and spent a week in the hospital. Christian Healthcare has covered all expenses except the ground ambulance from my home to my local hospital. They did pay the life flight. Also did not pay for immunizations needed after spleen loss. That leaves me owing about $3000.00. I am so very grateful for this amazing coverage and the service I received from CHM. Both hospitals I was a patient at insisted we fill out paperwork for assistance which we did but did not qualify for. Both hospitals were paid in full by CHM.
Thanks for sharing your experience. What was the deal with the ambulance ride?
….not my post, but I can answer your questions…
From CHM’s guidelines
“Gold members –
Christian Healthcare Ministries cannot share bills incurred for
transportation from the site of your emergency to a medical facility.
Bills for medical transportation are only eligible for sharing when:
a) you are in a life-threatening situation and
b) you are transferred from one hospital to a nearby hospital that can
provide the necessary services and
c) the reason for the transfer is because the first hospital cannot
adequately care for you. (Note: The hospital or facility to which
you are transferred must be the nearest hospital able to provide the
care you need.)”
This is definitely something to take into consideration if you choose CHM. I believe in general it is balanced by the fact that the emergency “event” would only cost the member $500 out of pocket, but if there was a “life flight” involving a helicopter this cost could climb very high in some circumstances. My guess is that the intent is to prevent abuse of ambulance service (something that definitely happens) but it would be nice if there was someway of sharing life threatening transports, especially expensive helicopter rides as they are only called after EMS have evaluated the scenario.
Illustrates the importance of reading the fine print. One reason these health sharing plans is cheaper is because they cover less stuff.
Greetings Angela
Your shared transfer list mirrors the list we must sign off on as transferring physicians (EMTALA form) when making a transfer…
* why the transfer is necessary and why the transfer mode (ground / air) is necessary,
* the services not available where you are presently…and that they are present at the receiving site,
* and is this the nearest facility which can provide the care needed
All make sense to me… and they are required Q’s
I love this site and almost every post by WCI himself because I find them to be as unbiased as you can find anywhere, but this is probably the most biased post I have read. Admittedly, I am also biased, especially with respect to getting government out of our healthcare.
1. First of all, the system that we have now is only this way because of government restrictions on what health insurance companies, and providers can offer, distorted further by standards and competition set by medicare. These policies are unfair, but that’s not their fault, Obamacare is to blame for outlawing other similar plans. These policies should be legal, as should any other policy that anyone wants to start.
2. Many of these policies do offer discounts for regular visits, but also, I would rather spend a few hundred cash on these visits, than 5 times that much each month on the difference in premiums. WCI often warns against overinsuring, and most “Real” policies are just that.
3. “cash on the barrelhead” should not be a problem for most people on this site. I would much rather pay cash for each visit than spend an extra 10K a year to get “real insurance”.
4. Catastrophic coverage is available with all plans, but they do charge for the additional coverage and the fine print is quite different between each company.
5. This is a sticking point. Still, every insurance plan operated this way until Obamacare came around. Yet we have not seen premiums go anywhere but up, so it seems that forcing people to buy insurance and forcing more people into the risk pool through has not worked out as the government had hoped.
6. “Unfair to Physicains” – I completely disagree and am honestly surprised to see this in the list. All insurances pay less than upfront cost. These companies are just counseling their members to pay the same costs out of pocket that large insurance companies are paying. Everything in life is negotiable, its only smart to ask. Is there anything that Dr. Dahle pays sticker price for? The whole WCI website is evidence to the contrary, with example after example of ways to renegotiate and cut margins closer.
Ultimately, I appreciate the post, and am frustrated that options for out of the box solutions are limited to these policies. But I think we should fight for more options, not less.
Here is one more reason to consider a sharing plan over traditional insurance. It is something I did not realize until it happened to me. Sorry it is so long…
Our insurance monthly deductibles had increased along with the rest of the country, going from $700/month for a family of 4 pre-Obamacare to just a few dollars under $2,000/month in 2016. Our cop-pays went from $20-$30 up to $90 and $100 for regular dr. visits. A hospital ER visit went from a copay of $100 to a copay of $600 and a daily hospital copay rate that didn’t even exist before was $1,500 A DAY. We all know that copays don’t go toward out of pocket maximums or deductibles, right? Our out of pocket for this $2K/mo plan was supposedly $5K max per person or $12K per family. I say supposedly because THIS is what I didn’t know. If your plan disallows part or all of the charge, it doesn’t go toward your out of pocket maximum. So, we got a surgery for my daughter pre-approved. We didn’t negotiate a price because that is not how you do it when insured- you just pay your deductible and it all takes care of itself- that’s what you pay for, right? Well, after the surgery (about $30K) the insurance company called EVERY part of it disallowable. ALL except the stay in the hospital- which we had already mostly covered at $1,500 copy PER DAY. The rest was disallowed, including the anesthesiologist who was assigned by the hospital THAT MORNING with no ability for us to vet because even though the hospital was in network (we checked) the anesthetist was not. Since we did not pre-negotiate, we were charged the crazy HIGH charge that no one ever pays- especially insurance companies. Since this exorbitant fee was disallowed, it did not go toward our deductible nor our out of pocket max. For every item- pre-surgery blood tests, surgeon, assistant surgeon, follow up appointment, prescriptions, etc. this was true. We were allowed $329 toward our deductible in total of the $30K PRE_APPROVED surgery that took over a year to get approved and another 6 months to schedule. Since we had not pre-negotiated as a cash pay patient, every dollar of the overbilling was paid by us, out of pocket, in addition to the $24K/year premiums. That was $66K in healthcare cost for one surgery in that 18 month period. So much for college…
Jump forward to 2019. I had signed us up for CHM in the midst of all that (6-10 hours a week) fighting with the insurance to pay something- anything. I had a mammogram that I paid out of pocket (my insurance company gave me the runaround and I couldn’t schedule one for the last 2 years despite being over 50 and not having one since I turned 40) and it came back with a lump. No worries- I had negotiated a fair price as a cash payer and was charged a fair price for the ultrasound as a cash payer. It was cheaper than the insurance premiums just for that month. During this same time (when it rains it pours) my dr (which I pay a monthly fee to belong to a private group) found complex cysts in my ovaries. Scary. I was able to schedule the surgery, negotiate a discount of 75% from the hospital and 60% from the surgeon (the rates insurance companies pay for both, not a robbery rate) and the anesthesiologist gave me a pre-payment discount of 70%. The assistant surgeon charged me a percentage of the surgeon charges so it was discounted automatically. I paid 90% of the charges in advance because I had already negotiated the discounts and they were contingent upon pre-payment. Now this surgery was sticker priced at about $45-48K. I paid about $12K with $3K still due. That is less than half of what we paid for the $30+K surgery my daughter had WITH insurance. Now I am waiting to get reimbursed for the charges. Even if they didn’t pay me back a penny, I have saved more than the cost of the surgery in payments this year. I can now afford to pay for my own healthcare costs, including optional Physical Therapy for a pain that would not be covered under traditional insurance and medication that I was skipping before due to insurance meddling in my health (I am a type 1 diabetic and they would not cover my insulin- long story). Saving $24K a year lets you take control of your own healthcare costs. Now I spend on what is important, and have enough left to voluntarily give to others that have unapproved costs (pre-existing conditions and single motherhood types of expenses). I am fortunate enough to be able to afford $24k/yr for health insurance, but ONLY if it actually pays what it says it will pay. I can’t afford $50k+ per year.
I paid into insurance for so many years. It never occurred to me that once you need it, it doesn’t actually pay out anything and causes you to pay MORE than someone without insurance. If you are concerned with those that can’t get into one of these programs you can use the money you save to support organizations that pay for things like that… single parenthood gets a lot of support from Catholic Charities. Think of the thousands you could give them just by moving to a more reasonably priced plan.
Just an update… In less than 90 days, I received every penny I requested back from CHM. The traditional insurance still hasn’t paid for any of the surgery for my daughter. I did not have to sit on hold several days each week trying to get someone to be honest. I did not have to beg to have something (like anesthesiology) covered after it was deemed “unnecessary” after being pre-approved. If you work for an insurance company, how can you sleep at night? If you have a doctor that charges more to a patient than to the insurance company, you are part of this protection racket and can’t blame the insurance companies. Everyone needs to be honest with themselves and treat people a little more decently.
Dear The White Coat Investor,
Thank you for publishing this article. I also wanted to thank all of the persons commenting, as the comments have been very helpful in guiding a decision for my family.
Georgia – family of six – For 2020 the entire range of insurance plans available to my family cost from slightly over $26,000 (for a $13,700 deductible Bronze plan) to over $50,000 annually (for still-not-as-good as my insurance coverage prior to the PPACA – which was only $450 monthly). My income keeps going up, and I no longer qualify for subsidies. While some might say this is a good problem to have, this is one area of tax law where there is a real “cliff,” that is, one dollar more in earnings (the 400% of FPL) actually does cost you a lot of money in taxes (due to loss of the premium tax credit subsidy). I don’t think that sort of cliff exists anywhere else in the tax law.
Due to this article, and, especially, the helpful comments following it, we decided to go with CHM. Roughly $550 a month, plus a small amount quarterly for the “Brother’s Keeper” that means no cap on reimbursements.
For the past two or three years we have been “negotiating” for most of our health services anyway, as the doctor’s offices typically offer us a lower cost than the contract rate with the insurer (which we have to pay out of pocket anyway up to the first $13,700). I put negotiating in quotes, because we don’t really negotiate, the three doctors offices we use all charge us less than the insurance contractual rate, so it is cheaper for us not to “use” the insurance, and each doctor’s office seems happier to do it this way (I suppose due to less paperwork?).
To those who took time out of your lives to comment with your own personal experiences and lay out the good and the bad, I wanted to stop by and leave my comment thanking you. You made our decision much easier.