Healthcare Sharing is an opportunity that most people don't know is available. In this article, Jeannie wants everyone to understand that not only it is available, but it is good. It is something you can share not just to yourself and your family, but also with everyone around you.
Why Healthcare Sharing Is A Good Option For You
There is a huge thing going on in healthcare right now that all companies across the board are raising their rates anywhere between 20% and 45%. And they are not just raising their rates, they are also raising their deductible by 45% to 65%.
If you are the type of person that does not use your healthcare 24/7, why are you paying for it like you're using it 24/7? Why not get the personalized fact of what is it that you actually need and not what everyone in the rest of the world needs?
Here's a story from a couple who made the right decision for their family.
Brian and Jody Spitzer are from Green bay, Wisconsin. He has a Medicare background and she has a dental hygiene background. They have five kids, three daughters, two sons, and they have two beautiful granddaughters.
“I first heard about Impact just a couple of years ago. Impact Health Sharing is a super alternative to the rising cost of health insurance. And I didn't really understand how it worked in comparison to health insurance before Impact Health Sharing. We just had traditional insurance and we had high deductibles where they took a lot of money out of his check every other week and it just felt like we just always had big medical bills. But since we've had Impact Health Sharing, we now pay a low monthly rate and the deductible is much lower.
It's a primary responsibility amount and it's only $2,500 for a family. Once that deductible is met or that responsibility amount is met, Impact pays 90% so we're only responsible for 10%. The best part about it is every single bill that we do get is negotiated down and so the bills we do get are at the lowest price possible.
Our daughter just broke her ankle and had we had our traditional health insurance, the bill would've been like $2,200. And because Impact negotiated the rate down, it was only $800. We saved $1,400.”
“We've always been offered just regular healthcare through my employer, and we were excited about the cost savings with Impact. We knew it'd be a little more affordable that way, and I love the open network where you can go or see any doctor and go to any facility. It opens it up on where you can go.”
“What's super great about it is it's a family responsibility mode. With five kids and ourselves, we get to that deductible a lot faster, than if it was just us. Usually, insurance has individual deductibles and then family maxes and Impact also has a $5,000 out-of-pocket max. So once you meet your PRA and Impact starts paying and sharing in your medical bills, the $5,000 out-of-pocket, max is super.
In other health sharing that we learned about or looked at, you have to pay your bills all up front and then you have to wait for reimbursement. And that's not how Impact worked when we go to the doctor. We just pay the copay, we give the doctor the card and they bill Impact just as they would traditional health insurance.
I think one of the other parts we really liked is with most health-sharing companies, you have to pay upfront and then wait for reimbursement. People are waiting literally six months to a year to get some of that money back. I love that about impact. You just show the card and it's filed electronically. So it's timely payment to the provider that really truly is better for you as a member. It's better for them taking care of you. So I think it just works much smoother than regular health sharing.
I love that Impact Health Sharing is a love-thy-neighbor approach, where we're just literally sharing in each other's medical bills and it's just a really feel-good company. You can be any religion, any race, any color, any creed, and it really just accepts everybody.”
“One of the reasons that Impact Health Sharing saves people so much money is because it's truly designed for fairly healthy people. Why? Because it doesn't pay for pre-existing conditions that happen in the past three years. You just have to keep your Body Mass Index (BMI) under a certain amount, otherwise, you have to pay more which to me, I think is truly one of the best parts about it because in traditional healthcare, why are you paying higher premiums?
You're paying higher premiums to offset the cost of people that do go in often or maybe do live a little non-healthier lifestyle. So truly if you are a healthier person, you are paying for that. And I think it's very refreshing for new people looking at health sharing and understanding it for the first time coming from regular health insurance. We've had people paying over a thousand dollars a month for a family. And in most cases, you literally can cut that in half for families that don't go in that often. And the truth is I think that's most families.
5% of the population makes up more than 50% of all medical spending. So what does that say? It's saying that people are just simply paying too much for a service that they rarely use. Most people don't even meet their deductible.
I think it's very common for working families too. In a lot of cases, they are not even really looking at what they're paying monthly for healthcare and in most cases, they're overpaying. So I think even for us prior to seeing and understanding health sharing, I've always been covered by an employer so I knew what we were paying. However, the deductibles were high. We paid a lot out of pocket monthly to have it.
We're super excited to have the opportunity to look at and understand health sharing. And I think a lot more people should look at it because it's a nice, more cost-effective alternative which still covers very well when you're going in or using it.
I believe health sharing is going to continue to grow and grow because it really gives you freedom. You can go to any doctor, any hospital you would like. With insurance companies, they're really limiting people and they want you to make sure that you're in the network. In this day and age, a lot of people are switching careers, which means they have to switch health insurance companies because that employer offers them something different. And with the HMOs and how you have to stay in network, people have to switch their doctors and people don't like switching their doctors once they're comfortable with something.
What is super about health sharing is you can go to any doctor, any provider you want. One of the best parts of Impact that we found, which we're kind of excited about is there's no enrollment period where typically with an employer, you have to stay on it. It's normally around November, each year when you can make a change whereas, Impact, there's truly no enrollment period.
So if you're watching this video today, you can sign up now, there's no enrollment period. You don't have to wait till the end of the year or stay on coverage that maybe you're not happy with through the end of the year. You can do it now. Healthcare is a problem in America and it comes up in conversation all the time. Just ask people, what are you doing for healthcare? It just comes up and you can help.
A lot of people save a lot of money and when you can help people put that kind of money back in their pocket, that just really feels great.
Key Takeaways From Jeannie
- 5% of the people are using 95% of the insurance. Are you part of that 5%? If not, then you wanna take a look at this.
- There's an open network. If you're gonna change your job or change where you live or whatever it is, you don't have to worry about changing your insurance because it's so affordable. You can keep it or just ask your employer if he's willing to go on. (And I promise you, he's paying a third of what he paid before. He'd be very happy to help you with this particular insurance.)
- We are not in New Jersey, Rhode Island, or Washington state. The good thing is that we have 47 other states. Who do you know, in those other states would love to be able to save at least 50% on their insurance?
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