credit union for healthcare insurance?

[tsuke]

I ran across this while in reddit. It reads like a credit union set up for healthcare insurance.

https://www.libertyhealthshare.org/faq#q1

Do you guys think it could work?

Note they are pretty strict about smoking, drinking, and being overweight. Like they require you to stop smoking within 6 months.

They have different terminology as they avoid being legally called insurance with all the implications and regulations that brings but the gist is pre-existing conditions covered after 4 years and you have an annual deductible of 500-2000 depending on things. They seem to be heavily religious too.

 

[Cancel 2018.1]

I ran across this while in reddit. It reads like a credit union set up for healthcare insurance.

https://www.libertyhealthshare.org/faq#q1

Do you guys think it could work?

Note they are pretty strict about smoking, drinking, and being overweight. Like they require you to stop smoking within 6 months.

They have different terminology as they avoid being legally called insurance with all the implications and regulations that brings but the gist is pre-existing conditions covered after 4 years and you have an annual deductible of 500-2000 depending on things. They seem to be heavily religious too.

It does work. After I dropped health insurance benefits for my employees after Obamacare was implemented, two of them use that very same one I believe. It's Christian based medical cost sharing (MCS) but it's not heavily religious. You just check 'yes' where it asks on the application if you're a Christian.
You can have this in place of hlth ins and not pay the penalty tax. My employees that have this regularly check in with this outfit to let them know their weight, bp, etc. The healthier they are the lower their "premiums". It promotes and rewards a healthy lifestyle. My employees love it!
If more folks knew about this and used it, Obamacare would go down in a faster death spiral than it already is in.
BTW, MCS is my model for Moosecare, a free market solution for universal healthcare.

 

[tsuke]

It does work. After I dropped health insurance benefits for my employees after Obamacare was implemented, two of them use that very same one I believe. It's Christian based medical cost sharing (MCS) but it's not heavily religious. You just check 'yes' where it asks on the application if you're a Christian.
You can have this in place of hlth ins and not pay the penalty tax. My employees that have this regularly check in with this outfit to let them know their weight, bp, etc. The healthier they are the lower their "premiums". It promotes and rewards a healthy lifestyle. My employees love it!
If more folks knew about this and used it, Obamacare would go down in a faster death spiral than it already is in.
BTW, MCS is my model for Moosecare, a free market solution for universal healthcare.

it does look awesome but i just know there has to be a catch somewhere.

 

[Cancel 2018.1]

it does look awesome but i just know there has to be a catch somewhere.

This is a good article from a blogger about her experience with a healthcare sharing ministry (HSM):
http://www.getrichslowly.org/blog/2014/10/06/my-experience-with-alternative-healthcare-insurance/
This jumped out at me...

I can't seem to find anything other than positive reviews about them

.
The only catch is that your healthcare provider considers you self pay and most providers offer a self pay discount. You have to be good at keeping records seems to be the main "catch".
So the provider doesn't bill insurance because they have no agreements with HSC's so you pay out of pocket, send the receipt to the HSC, and they reimburse you.
If everybody had the personal responsibility to use these HSC's, healthcare costs would go way down.

 

[tsuke]

i wonder why more people have heard of this.

 

[Cancel 2018.1]

i wonder why more people have heard of this.

I wonder about a lot of things. E.g., how did we end up with Trump vs. hrc. And why didn't more take Gary Johnson seriously with those other two to choose from?
But the avg. person is pretty stupid. They'd rather pay outrageous premiums and deductibles for the convenience of providers billing ins. companies because they're too lazy to do a little paperwork and record keeping.

 

[canceled.2021.3]

This is a good article from a blogger about her experience with a healthcare sharing ministry (HSM):
http://www.getrichslowly.org/blog/2014/10/06/my-experience-with-alternative-healthcare-insurance/
This jumped out at me...
I can't seem to find anything other than positive reviews about them.
The only catch is that your healthcare provider considers you self pay and most providers offer a self pay discount. You have to be good at keeping records seems to be the main "catch".
So the provider doesn't bill insurance because they have no agreements with HSC's so you pay out of pocket, send the receipt to the HSC, and they reimburse you.
If everybody had the personal responsibility to use these HSC's, healthcare costs would go way down.

It is the free market at work. Americans are savvy consumers. And you force them to purchase healthcare the way that they purchase a car or a phone or anything else they buy, costs would come down. The problem with healthcare in the United States is that for too long the consumers of that product have been shielded from the costs of their care. They may see a bill, but for many it was never an actual bill. What they see is an EOB or explanation of benefits.

Things of this nature would drastically bring down the cost of care. Remove government out of healthcare and watch what happens to costs and quality. The former would go down and the latter will go up.

Cue the democrat caterwauling about dead bodies piling up. Hey North Korea has universal healthcare but it didn't save that kids life now did it?

 

[canceled.2021.3]

I wonder about a lot of things. E.g., how did we end up with Trump vs. hrc. And why didn't more take Gary Johnson seriously with those other two to choose from?
But the avg. person is pretty stupid. They'd rather pay outrageous premiums and deductibles for the convenience of providers billing ins. companies because they're too lazy to do a little paperwork and record keeping.

We ended up with Trump v Clinton because Americans are fed the fuck up and they chose Trump. We ended up with Clinton because she and Debbie Blabbermouth Schultz steered the nomination her way

 

[Cancel 2018.1]

It is the free market at work. Americans are savvy consumers. And you force them to purchase healthcare the way that they purchase a car or a phone or anything else they buy, costs would come down. The problem with healthcare in the United States is that for too long the consumers of that product have been shielded from the costs of their care. They may see a bill, but for many it was never an actual bill. What they see is an EOB or explanation of benefits.

Things of this nature would drastically bring down the cost of care. Remove government out of healthcare and watch what happens to costs and quality. The former would go down and the latter will go up.

Cue the democrat caterwauling about dead bodies piling up. Hey North Korea has universal healthcare but it didn't save that kids life now did it?

That's why I came up with Moosecare a couple of yrs. ago on another board. It would work.