So you've had enough of the rate increases with the ACA plans.
Years of increases up to 40-50% has brought you to a point of total frustration.
If you're like many people now who don't qualify for a tax credit, you've looked online for an alternative to ACA and Obamacare plans.
We don't want to pay the 2.5% of gross income penalty.
That makes it tough!
Short term plans won't work there and they're capped for how long they can go.
Critical illness/Emergency medical plans won't help either.
If you've been online, you might stumble across health sharing plans.
Health sharing plans?
What are those?
Do I still have to pay the penalty?
Which is the best health sharing plan?
Lots of good questions so let's get to the answers.
You can always jump to the section that interests you here:
You can always check out our our AlieraCare guide here for lots of detail or run your quote here:
Let's get started.
Let's start here to really understand the option.
This is important.
Health insurance plans have changed quite a bit since 2014 with the ACA law or Obamacare as it's called.
Basically, the plan members would be able to avoid the mandate or tax penalty with plans that didn't meet the ACA laws.
They are not insurance but a membership.
One of the health sharing companies (we'll get to that later) operates similarly to carriers but it's a different way to address health care cost altogether.
Here are the main requirements for the health sharing companies to have ACA exemption:
The companies have different ways of operating and establishing eligibility.
Some are very strict while others are much less so.
We tend to like the latter for many reasons we'll get into later.
Again, health sharing plans are a different approach to addressing health care costs than insurance.
Let's look at the highlights:
Our quick look comparison above is
We've covered the big differences in our Guide to AlieraCare article but here are the key considerations for real people comparing them.
If you get a tax credit on the ACA marketplace, that's probably going to be hard to beat depending on how much it is.
You can run your ACA quote here.
Make sure to list your income estimate (roughly line 37 on the 1040 tax form) and household size (everyone that files together on a 1040 tax form regardless of whether they're enrolling)
Compare that with the AlieraCare rates here:
The tax credit really swings things rate wise these days.
If you're still here researching health sharing plans, the tax credit is probably not an option.
So...let's look at the second concern.
Generally, people in good health are attracted to health sharing plans.
More aptly, people with health issues are attracted to the ACA health plans.
They're more comprehensive by law.
AlieraCare will approve based on health but have waiting periods for pre-existing conditions.
Also, health sharing plans will not work as well for maternity or rx.
Some carriers (AlieraCare) have a limited maternity benefit on the higher option but if maternity is out there in the ether, that's not enough coverage.
Some health sharing plans will have an RX card which is essentially a discount card for medications.
The health sharing plans (depending on company) can address the bigger bill fine with up to $1M lifetime maxs and $500K per incident maxes.
We're happy to walk through your situation at 800-320-6269 or by email.
There are 6 companies that met the requirements listed above:
You can see that they all meet the requirements for health sharing companies but have very different ways of doing it.
Some are very strict in terms of how members must live their lives.
This is important for members.
Of the six companies allowed to offer health sharing plans, AlieraCare is by far the most popular with over 1/4 of a million members (and growing quickly!)
For good reason.
Here are just a few of the reasons we feel AlieraCare will be the winner for health sharing going forward:
We like AlieraCare for one reason.
It's more similar to what people have had in the past.
The other health sharing companies have some major drawbacks in our opinion.
Everything from really strict requirements on how you live your life to serious drawbacks in what is covered and how medical expenses are paid for.
To some extend, we're being self-interested.
It's that simple.
What works for our clients ultimately works for us.
Make sure to check out the guide on what AlieraCare is so you understand how it's different from health insurance.
There's also the question of scale.
This is the whole point.
If you have 1 person with $1M in covered expenses, you need lots of healthy people to smooth out that big bill.
This is as true for health sharing as it is for insurance (two very different ways to address health care costs - See Guide).
This just supports a healthy membership which is probably our most important consideration.
Health sharing companies are not backstopped by the Department of Insurance (since they are not insurance).
The financial stability of the company is incredibly important.
We want to go with the big player in this case.
This financial security brings up another point.
This is reason we think Aliera wins the entire health sharing market.
We've been in the health market for 20+ years and we've seen companies come and go.
The bulk of the other health sharing companies do NOT have a reserve.
One bad run of shared expenses and...
Well, that's not pretty since the health sharing companies do not have DOI protection.
For this reason alone, it's only AlieraCare Seriously.
We're happy to walk through any questions you have on AlieraCare
You can quote them here:
We're very excited.
There wasn't much we could do for them.
It's very depressing to have no options like that.
We studied the health sharing plans and whether they might fit the bill.
There were too many issues with most of the other plans for most clients.
The right blend of flexibility, inclusivity, coverage, and familiarity:
This makes them the right fit for people interested in health sharing.
We're happy to walk through any questions you have on AlieraCare or health sharing in general.
It's a new product to most people so there will be questions!
Check out our in-house acknowledgment we provide so people understand the differences.
Also, our Guide is in-depth on how health sharing and AlieraCare work. Great resource to educate yourself.
Again, there is absolutely no cost to you for our services. Call 800-320-6269 Today!
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We can quickly (very important) size up your health coverage needs and clearly explain the options available to you. Our focus is finding the most coverage at the best cost to you.
We are licensed Covered Ca agents with in-depth knowledge of their plans, process, and health sharing plans.
We'll quickly see if health sharing plans like AlieraCare might be a good fit for you.800-320-6269
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