Anybody here have serious health issues and have this type of "insurance"?

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Jan 4, 2018
8:50:03pm

CrashMcLarson Walk-on

My daughter has a heart condition and I'm not sure if a possible heart transplant would be over $1MM in the future

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CrashMcLarson

Bio page: CrashMcLarson
Joined: Aug 21, 2015
Last login: May 4, 2024
Total posts: 4,291 (3 FO)

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Messages

Author

Time

Who doesnt get health insurance through their work and pays for it on their own?

CrashMcLarson

1/4/18 2:54pm

Me raising hand. $1239/month. 4 kids. No significant health issues (knock on wood).

DwideCougar

1/4/18 2:56pm

Me. Six kids on the plan. We use Christian Health Ministries. $350/mo.

TheDash

1/4/18 2:57pm

how come its so much cheaper?

CrashMcLarson

1/4/18 2:59pm

It's not "insurance", so they don't have to accept pre-existing conditions and all the other stuff the ACA forced.

jaromp

1/4/18 3:03pm

Anybody here have serious health issues and have this type of "insurance"?

CrashMcLarson

1/4/18 8:50pm

$450 no?

Ocho Cuatro

1/4/18 3:04pm

Yeah, could be. I don't do money at our house.

TheDash

1/5/18 9:53am

I use Liberty HealthShare.

Ocho Cuatro

1/4/18 2:58pm

interesting, so whats the difference between those and normal insurance?

CrashMcLarson

1/4/18 2:59pm

The difference is it isn't insurance... There is NO guarantee that expenses will

AFewThoughts

1/4/18 3:08pm

gotcha thats a good explanation of the "catch"

CrashMcLarson

1/4/18 3:10pm

Also, they can exclude pre-existing conditions. This is another way they are

oohYeah

1/4/18 3:14pm

do they tell you upfront if they wont accept that pre-existing condition?

CrashMcLarson

1/4/18 3:21pm

Yes.

Ocho Cuatro

1/4/18 3:25pm

After 3 years they are fully covered - 1st year 0% covered, year 2

AFewThoughts

1/4/18 4:09pm

so do you have to help pay when bills are between $100k and $1MM?

CrashMcLarson

1/4/18 3:22pm

Nope - really we all just pay $450 ($441 right now) into the main account. You

AFewThoughts

1/4/18 4:08pm

I'm on Liberty HealthShare and love it.

AFewThoughts

1/4/18 3:04pm

seriously? $1500 max out of pocket? thats way better than my old employers plan

CrashMcLarson

1/4/18 3:08pm

Yep! It was way better than anything else we have been on as well. We did have

AFewThoughts

1/4/18 3:11pm

i guess its not techinically a max-out-of-pocket if the bill is over $1MM

CrashMcLarson

1/4/18 3:20pm

Correct - I figure that is what bankruptcy laws were meant for.

AFewThoughts

1/4/18 4:02pm

Is it $1500 per incident or total per yer?

BYULAWGUY

1/4/18 3:34pm

For the whole YEAR - Single = $500, Married = $1000, w/ Children = $1500

AFewThoughts

1/4/18 4:01pm

After I get my reimbursement for our child's birth I think I will switch from

BYULAWGUY

1/4/18 7:19pm

Great! But please research it thoroughly. I want to absolve myself from your

AFewThoughts

1/5/18 10:26am

Also certain activities are NOT covered: dangerous sports = e.g. rock climbing

AFewThoughts

1/5/18 10:27am

I forgot 1 more thing: NO PREFERRED NETWORKS!!! Just go to the doctors! IHC

AFewThoughts

1/4/18 3:16pm

How long ago was your surgery? We had a baby back in July at an IHC hospital

oohYeah

1/6/18 2:03pm

Same, I use Liberty Healthshare, $450 a month, 1 Million max per incident. I have used it for about 3 years, no problems

Romex

1/4/18 3:24pm

How did all of you guys avoid the ACA tax penalty for failure to have insurance?

Bostonblue

1/4/18 3:25pm

It counts under ACA.

Ocho Cuatro

1/4/18 3:26pm

^^^This...They were grandfathered in as an exemption, even if you got it AFTER Obamacare came

Romex

1/4/18 3:29pm

Health sharing ministries are grandfathered in as exceptions.

CougarMandias

1/4/18 3:27pm

Nice. Why isn't this loophole more widely known? I've never heard of it.

Bostonblue

1/4/18 3:32pm

It's basically word of mouth.

Ocho Cuatro

1/4/18 8:38pm

I have family coverage through healthcare.gov and also use Christian Healthcare Ministries. Total is about $1,100/mo.

mulletino

1/4/18 3:02pm

Why both?

Iman23

1/4/18 3:29pm

maybe worried about bills exceeding $1MM?

CrashMcLarson

1/4/18 3:35pm

We're in a situation where we hit our out of pocket max in January every year. It just makes it so CHM

mulletino

1/4/18 3:39pm

I switched to Liberty HealthShare for 2018.

Belboz

1/4/18 3:03pm

I do Samaritan Healthcare sharing. SO much cheaper than obamacare

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