Connect with us

Hi, what are you looking for?

Your Money Magic

Health Insurance

Learning More About Useful Medi-Share Reviews

Several people may have already heard or seen Medi-Share promotions, and it piqued their curiosity. Or, you’ve probably read medishare reviews somewhere, which somehow convinced you that it’s worth every penny. If you’re interested in it, perhaps educating yourself about essential facts can help verify if you’re indeed making a smart move. Besides, this concerns your health and your families’ too.

Medi-Share is a healthcare sharing agency that consists of group members that share a similar faith. Like any other medical-sharing community, the program depends on its members to look after each other by making contributions financially and praying for them.

How It Works

Basically, it works like regular health insurance. It has a deduction, members have the preference on the amount they’ll provide as a family before submitting the bills to the ministry for settlement assistance.

The monthly share contribution acts similar to a premium, confirming that you’re qualified for assistance if you need one. There is no assurance Medi-Share will settle the medical bills, and there are a handful of restrictions to assess before starting your application. However, if you’re devout and physically abled, you can leave the conventional health insurance out of the picture and go for this instead.

The Cost

Advertisement. Scroll to continue reading.

You’ll be asked to pay for $50 and another one-time $120 membership cost to submit your application. This will be incorporated into your first monthly contribution. There’s also a $2 one-time cost to create your sharing account. The Medi-Share system will allow you to choose a health insurance cost and monthly premium. These factors will be used to determine your payment options.

A good example is calculating the fees for a 30-year-old person looking for a single membership only. The contribution amounts vary yearly, derived from the oldest family member. If she picks the $1,750 yearly household share, her regular monthly contribution is $311. The $1,750 is the medical bill amount you need to settle before you qualify for sharing.

If she fulfilled the health eligibility requirements, she could be eligible for a Healthy Monthly Share. This can trim down her monthly contribution to $277. When you require medical care and go to a Medi-Share service provider, you need to settle $35 for physician consultations and hospitalizations. As for the emergency room admissions, you’ll need to pay $200. The remaining bills must be submitted to Private Healthcare Systems (PHCS) for payment assistance evaluation.

There are no premiums collected in this program, nor a guarantee that medical bills will be settled completely. The medical bill sharing process is totally on a voluntary basis.

A practical way to help fellow Christian members

Religious Criteria

Since Medi-Share is committed to the idea the members support each other, it strongly promotes a Christian lifestyle within the community. The organization conducts interviews with a church official to confirm the applicant’s involvement before giving the membership. The use of prohibited drugs and cigarettes is not permitted, and sexual relationships outside the Biblical Christian Marriage. This also means that Medi-Share will not pay for bills like abortions or medications for sexually transmitted diseases.

Advertisement. Scroll to continue reading.
Written By

Riley is a finance, lifestyle, and entertainment writer living in San Diego. He received his bachelor's degree in Journalism and Multimedia from the University of Oregon. His work has been featured in many finance and lifestyle publications throughout the US. When he is not writing, Riley enjoys reading and hanging out at the beach with his dog.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

You May Also Like

Lifestyle

Braces can put a dent in your pocket. Here’s how to make your dental budget more manageable Year after year, millions of people in...

Credit Cards

The Legacy Visa Credit Card is a credit card provided by the First National Bank. Plenty of people aiming to get a credit card...

Save Money

Solar Panels on Your Home Can Help Save You Money All Year Long In past years, updating your home with solar panels was considered...

Auto Insurance

Easy Ways for Seniors to Save Money on Car Insurance Choosing the right car insurance policy can be challenging. There are many options, and...

Auto Insurance

Insurance Benefits and Perks for Veterans Health Insurance The U.S. Department of Veterans Affairs, or VA, provides enrolled veterans with medical coverage to treat...

Health Insurance

Until today, there are still many individuals who don’t know the numerous benefits of Obamacare. The increasing number of negative feedback has overshadowed the...

Credit Cards

Members of the Teamsters Union are eligible to apply for the Teamster Credit Card, which offers various benefits, grants, and rebates. With this card,...

Credit Cards

Sometimes you’re in a pinch, and you need to make some quick cash. Luckily, you don’t have to sell your kidney on the black...