Medical care is expensive, period.
According to the Centers for Medicare and Medicaid Services, the average American will spend over $ 11,000 a year between doctor appointments, prescriptions, labs and tests, hospital visits, and much more.
And yes, that includes people With Health insurance.
The reality is that many people cannot afford this alone. Some of us are fortunate enough to get good plans with manageable deductibles from our employers or to qualify for a subsidized plan from the Healthcare.gov marketplace.
But what if you don’t fall into one of these categories? Are you destined to pay out of pocket for emergencies or skip annual wellness exams?
Turns out there is one more way to pay your medical bills, and it’s been helping communities take care of each other for decades.
It’s called health sharing and it’s called a company Unite Health Share Ministries (UHSM) made it easy to take care of your health differently.
Share your health care costs with like-minded people
Health sharing can be an affordable alternative to traditional health insurance for people who qualify for membership. UHSM is a denomination with members in all 50 states who help each other share medical expenses.
Here’s how it works: There’s a $ 99 filing fee that the nonprofit uses to collect your medical records and make sure you qualify as part of their health stake.
You pay a fixed monthly rate (starting at $ 147 for a single person) that gives you flat fees for doctor’s appointments and prescriptions. UHSM gives you access to the First Health PPO network (part of Aetna) so you can choose from more than 1 million doctors and hospitals across the country.
In addition, prices have been pre-negotiated with the CVS Caremark Network so you can collect your medication from any of the store’s 60,000 locations. Generic prescriptions cost just $ 10 for 30-day delivery.
Wellness and preventive care such as annual medical check-ups and mammograms are 100% covered, no matter what. Doctor visits can cost up to $ 20.
If you need help with a medical bill – say your kid breaks a bone playing soccer – submit it to UHSM, and members will take over 100% of that after you get your annual member care share (think to a deductible)).
UHSM is a faith-based organization, so certain expenses are not considered due to their ethical standards. Be sure to check the website to understand what is and what is not covered.
If you are healthy, active and looking for an affordable alternative to health insurance, a sickness share might be the right choice for you. Connect with one of the UHSM experts and see how much money you can save on your medical bills.
Kari Faber ([email protected]) works for The Penny Hoarder.
This article originally appeared on www.thepennyhoarder.com