It’s evident the health care system in our country is in shambles, as President Donald Trump and the Republican Party continue to attempt to dismantle the Affordable Care Act. What’s even more troubling is that insurance premiums have been steadily increasing on a yearly basis, meaning Americans are paying absurd amounts to receive essential services. If we look at the top 10 countries with the highest life expectancy in regards to health insurance, the US doesn’t even rank within the top 50.
Lately, many Americans are motivated to find alternative solutions to this chaotic system, which has led to an increase in HealthShare plans, which is a form of a health sharing ministry. This involves a large group of individuals bound by a universal religion or belief and pooling their money together to cover each other’s medical costs. Now, this may sound slightly confusing, but we’re here to break down the core differences between HealthShare plans versus the traditional Obamacare plans.
The Affordable Care Act
To understand the basics, we need to look at the foundations of the Affordable Care Act. Enacted in 2010 by President Obama, this momentous bill aimed to provide affordable health care to all Americans. The ACA also ended discrimination practices, which involved insurance companies looking at your application and either denying you or increasing the cost of the premium based on pre-existing conditions.
Considering this was meant to be a universal health care act, it also created a penalty to all Americans who wished to remain uninsured. So, depending on your state and the size of your household, when it came time to do your taxes, you could be slapped with a hefty fine.
The Affordable Care Act was and is not perfect. It’s been a politically charged subject, and millions of Americans are wary about purchasing an Obamacare plan, considering there have been many attempts to repeal the bill in Congress. Premiums have also increased dramatically in individual states (like California) because the federal government has threatened to cut off critical cost-sharing reduction payments (CSRs). These partially subsidize Obamacare plans for millions of Americans across the country.
The Rise Of Health Sharing Ministries
Under the Affordable Care Act, there’s a particular clause that omits the hefty penalty to those belonging to a health sharing ministry, which means it’s a viable option for those who do not support Obamacare.
It also creates a sense of community that has captivated the population. Instead of just throwing money away at a large health insurance company, you’re supporting like-minded individuals who share the same religious ideologies.
If we look specifically at Health Share Advisors, there are numerous benefits to be reaped. This includes no Open Enrollment Period, meaning you can enroll throughout the year, unlike Obamacare plans. There are a wide variety of plans, which include short-term and permanent options to suit your needs. Our rates are also fixed and stable, meaning you won’t find any sneaky increases that will catch you off guard.
It’s important to note that health sharing ministries do not fall under the category of health insurance, but rather health care ‘alternatives.’ If you’re thinking about switching over soon to this promising alternative, consider giving Health Share Advisors a call. Our agents can answer all of your queries and get you enrolled in a plan. Phone 1-844-699-6873 today for more information!