Depending on your state, open enrollment for health insurance runs from November 1st through December 15th.
Guest, Jesse Cheng from Take Command Health joins the show to share about using QSEHRAs (Qualified Small Employer Health Reimbursement Arrangements) and ICHRAs (Individual Coverage Health Reimbursement Arrangements) to provide tax-deductible benefits to employees in 2021 rather than trying to find + administering the right group health insurance plan for everyone in a company. HRAs do require some employer administration, but with the right platform this process becomes super easy.
Learn the basics of using HRAs as a way to fund a specific dollar amounts of tax-deductible health benefits for people in your company.
🗓 Open Enrollment for Health Insurance starts Friday November 1st running through December 15th 2019. Special guest Jack Hooper from Take Command Health shares 2 new HRAs available for businesses in 2020 - ICHRA and EBHRA in addition to QSEHRA from 2017.
ICHRA = Individual Coverage Health Reimbursement Arrangement
EBHRA = Excepted Benefits Health Reimbursement Arrangement
QSEHRA = Qualified Small Employer Health Reimbursement Arrangement
These HRAs can add more options and flexibility for employers and employees searching for the best health coverage and benefits.
Business Owners in any of the 50 states can choose from a couple types of HRAs to eliminate the hassles of trying to choose the best group health plan, and deal with premium increases. You can also outsource the on-boarding, compliance and reporting to make an HRA the obvious simple solution for your business health benefits program.
Shopping for individual coverage? Use the Take Command Health system to find the best health insurance options across ___ states.
And if you’re an employee who’s not entirely happy with your employer offered group health plan, you may want to take this information to your employer and encourage them to implement an HRA that could give you better options in 2020.
For more information on shopping for Individual and Family Health Insurance Coverage see:
Many people are looking beyond traditional health insurance to faith-based healthcare sharing ministries. ⛪️
Not only can you stand up for the healthcare values you believe in, but you can often save money too.
Since the Affordable Care Act requires health insurance to cover pre-existing conditions, traditional heath insurance premiums have skyrocketed🚀 Participating in a healthcare sharing ministry is often much less expensive than traditional insurance because these groups CAN make exclusions for pre-existing conditions!
So what options are available? Here’s a quick comparison of 4 popular Christian-based sharing ministries. This is great place to start your research.
Ministry Sharing Guidelines:
Here’s our list of Pros/Cons/Noteworthy points per ministry…
Medi-Share by Christian Care Ministry (CCM):
Please note: We use Media-share personally and thus know more about this ministry than some of the others. See what people are saying about other sharing options below.
Christian Healthcare Ministries (CHM):
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What People Are Saying
A big THANK YOU to all of you who wrote in on this subject! Your responses were very helpful in this review, and we have chosen a few to share with everyone in this post.
We use Samaritan Ministries because it seems like a more Biblical approach to healthcare - giving directly to brothers and sisters in Christ in need, and not indirectly funding abortion.
We chose this one over another big one - I forget which, but it's based out of Florida [probably Medi-Share run by Christian Care Ministries - they are based in Florida] - because that one was going to require my husband to get written doctor's permission to work out, and they were going to charge more for having high cholesterol. Samaritan is more user-friendly.
We are, however, open to looking into Christian Healthcare Ministries because I think it may cost less and people we know seem to be pleased with them, too.
Dr. Donald says:
We use Samaritan Ministries the past couple of years. We like the idea of sending money directly to those in need.
However, I'm thinking about dropping it because of the expense. I am covered by Medicare part A but haven't signed up for Part B - I know I will be penalized if and when I do.
We have been using Samaritan Ministries for about 5-years now. We send our monthly "Share" directly to participants in need. I love that my check is written out to a person!! This is done for 10-months; the other 2-months are sent to SM for admin costs. We started out at approximately $360 per month for a family of 2; it is currently is $440.
The only time we have submitted a need is for my husbands stem cell procedure on his knee. This treatment is not covered under traditional health care plans. SM covered it 100% after $350 deductible. The stem cell used was his own. It was completely successful and so he avoided a knee replacement. This plan is not a fit for everyone but it works great for us.
My wife is part of the health care sharing Samaritan Ministries. I qualify for Medicare. We decided on Samaritan because it was a little cheaper than the others we looked at and because we get a discount at our primary care facility for belonging to Samaritan.
Dr. Miguel says:
We use Samaritan ministries. I chose them over the others because they pay for chiropractic and non-traditional therapies while the others that I researched strictly stuck to medical care. My wife has used them extensively it is paid for her to have IV therapies, Rolfing, functional medicine and other non-traditional therapies for a shoulder injury. It also paid for her to have shoulder surgery and we have been extremely happy. It paid for everything.
We were able to negotiate cash fees for the services for a substantial discount which went towards the deductible that Samaritan ministries and laid out. We pay for $50 per month for my wife and I. This is substantially better than the best deal I can negotiate with traditional insurance.
Christian Healthcare Ministry:
We have been members of Christian Healthcare Ministry since 2011. They have been amazingly supportive and prompt in processing any medical bills we incurred. We have chosen to be Gold level members at only $150.00/month. Any discount given by the healthcare provider is credited to your deductible. We have also been members of their Brothers Keeper program which bills quarterly only if any claims above a certain amount are received. The quarterly gift amount has never exceeded 25.00 each. There is also a Prayer Page which lists people that have pre-existing bills and members can choose to donate.
After I had a surgical procedure I received a phone call from the Executive Director to check on me. And this was during the Christmas season! They have experienced huge growth since Obamacare went into effect but have hired additional team to support the growth. We recommend this to everyone.
Dr. Gregg says:
I've been using Christian Healthcare Ministries for more than 2 years. It is very affordable and my out of pocket is minimal. I've only had one claim in these two years and ended getting reimbursed from the the entire amount I had paid to the doctors and hospital (over $1700.) I am a raving fan now.
We are "using" Christian Healthcare Ministries health care program. Have been "signed" up with them for maybe 3 or 4 years. We have never used or required their assistance to pay for any health care costs.
We pay $90 per month, plus $90 each quarter for the two of us. My wife is 61 and I am 63.
Shaun & Julie say:
Our family belongs to Christian Healthcare Ministries. They have been a wonderful family to us since January 2015.
Special guest Jack Hooper joins Dr. Tom and John McFie to share about how to find the Best Health Insurance and get special discounts, medical bill negotiation and more. https://discover.life-benefits.com/health-insurance/index.html