Insurance Still Increasing by Double Digits for Many

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Posted by admin | Posted in ACA-Obamacare, Samaritan Perks | Posted on

News articles are reporting that some states are already seeing requests by insurance companies to raise premiums for next year by double digits again. Maryland is the first state to see it, with increases anywhere from 18% to a whopping 91%.

ref: http://www.baltimoresun.com/health/bs-hs-insurance-rate-requests-20180507-story.html

Maryland is scrambling to come up with a reinsurance option to help offset this, but even if their plan works it will still mean a very large increase for those residents. This would be the 4th year in a row for very large increases on insurance premiums. The new tax laws removed the individual mandate for 2019, but high premiums and no mandate means that thousands more will go completely without any financial safety net should their health struggle.

Healthcare sharing ministries offer an alternative that is worth investigating. If you fear a health event without any financial protection, but can’t afford insurance premiums or don’t agree with the morality of the coverage, then consider a sharing ministry. These ministries offer a MUCH cheaper solution to the issue of health care cost management. There’s no need to walk around unprotected and in fear of the next sprained ankle or that a big event could wipe you out. Samaritan Ministries offers extremely affordable monthly share costs, and offers a logical alternative to high insurance. Members pay for their own yearly physical, but the tradeoff is not having to pay thousands per month for your premium. The costs savings are huge, but even more importantly, the emotional and spiritual support goes up 1000 fold. Members have an advocate in their corner with Samaritan Ministries. They no longer have to wade the complicated world of medical billing alone. It’s an amazing system and one that I wish everyone could experience. More and more people are joining ministries as membership to ministries overall has skyrocketed to over 1 million people. It’s no longer that odd-ball idea, it’s a fully tested and functionally successful model for more than 3 decades.

We’ve had two medical events paid for through our ministry membership. There was no high left over deductible, in fact, 100% of our bills that we turned in were covered and covered quickly. No one can say that about insurance payouts. And we had no headaches with Samaritan. They were friendly, supportive, helpful, and offered support on an emotional level that an insurance rep just cannot do. The process for submitting our bills was fast and easy online, and payments arrived less than 60 days later. We joined Samaritan more than 4 years ago and have never regretted it. I encourage everyone to look into whether join a healthcare sharing ministry could be a cost saving, and peace inducing solution for your family’s health care needs.

Want to know more? Click here for a free information packet!

 

Open Enrollment Ends-You can Still Join Samaritan

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Posted by admin | Posted in ACA-Obamacare | Posted on

Open enrollment was only 6 weeks this year, from Nov 1-Dec 15, 2017. That’s half the time allotted in previous years. If you still need “coverage” and aren’t sure what to do, never fear! You can join Samaritan anytime, there is no enrollment date restriction to join a health sharing ministry.

For so many the costs associated with the insurance plan options for 2018 were just too high. Premiums, deductibles and out of pocket network costs had bloomed out of control in many parts of the country. If cost wasn’t a factor, then restricted networks and frustrating processes probably were. For many people this year it was time to say, “enough is enough.” There’s only so much we can bear on our own.

Enter Samaritan Ministries.

As a member of Samaritan you are asked to bear very small expenses on your own, and have your brothers and sisters come along side to help share the burden of bigger costs. It’s a weight off your shoulders to know you aren’t restricted by a network, you have member support when you need it, and there isn’t an insurance board of directors making decisions about your health care and whether the decisions made by you and your doctor are acceptable to them. Samaritan removes all that stress.

I am still amazed at how we have so blindly accepted the all the struggles that insurance policies bring to our lives as “normal.” It shouldn’t be normal to owe tens of thousands of dollars even after insurance has paid. It shouldn’t be normal to have a life saving or improving procedure denied by executives. It shouldn’t be normal to be buried in paperwork and long phone calls hoping to get some measure of relief from all the bureaucratic red tape.

Fortunately none of that is part of Samaritan’s normal.

If you long for something better, less stressful, less expensive, and Christ centered then please give Samaritan a look. This blog has tons of information and resources for you, plus you can get a free online information packet from Samaritan themselves by clicking here. It may just be the thing that makes your 2018 year the best and brightest ever!

MERRY CHRISTMAS EVERYONE!

My Annual Insurance Comparison Project

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Posted by admin | Posted in ACA-Obamacare, Samaritan Perks | Posted on

It’s that time of year again. ACA Open Enrollment is from Nov 1-Dec 15, 2017 (only 6 weeks) and that means it’s time for me to compare our Samaritan membership to what the insurance world is offering. Once again I sing praises to the Lord for leading our family to Samaritan Ministries.

Honestly, this process has become so grotesque it’s like watching a train wreck.

Here’s how the math works for our family, updated for 2018:

Insurance Premium: $2158.54/month for high deductible bronze plan HSA. Medica is the only company offering any plans to Nebraska
Samaritan share: $495/month
SAMARITAN SAVES US: $1663.54/MONTH savings = $19962.48/YEAR savings
Insurance OOP max: $6650 per person, $13300 total with a $12,000 deductible
Our Responsibility with Samaritan: $300 per incident
SAMARITAN OOP SAVINGS: $13,300 (assumes we had 3 incidents per year and would have met our full deductible/OOP, and got full discounts)
Insurance Co-pay: I pay 100% until deductible is met on everything except the free physical
Samaritan co-pay: NONE
Insur Premium + Full Deductible: $37,902.48 (That number leaves me breathless). Almost $40,000 before insurance even helps?

 

Some key takeaways from this:

  1. We would be flat out broke if we had to pay for insurance. Thank You Samaritan Ministries for existing!
  2. The absolute cheapest insurance option is an HSA with a $12,000 deductible costing more than $2100/month.
  3. The last line of the spreadsheet shows that if were were to have a couple of medical issues and just meet the deductible, we would pay just under $38,000 in premiums and deductible costs before insurance does much of anything. Oh wait, they give us a free physical. Also known as the $38,000 physical. Sure, that’s the same as free.
  4. I can pay $495/month with Samaritan Classic (family rate) or $2158/month with insurance. How is that insurance quote even real?
  5. I didn’t show it, but the Gold plan offered to us is now $3055.87/mo. Do people actually sign up for that??? It’s the plan closest to what we had before the ACA started with a $3000 deductible, $30 copays and all the numbers from the good ol’ days. Apparently the good ol’ days are worth over $3 grand/month. I can’t even stand it.

My deepest sympathy if you are being hit with this trainwreck information in your family and feel lost. I remember that feeling. Please consider joining Samaritan Ministries. Write to me, ask questions, read everything on this site (pages at right) about how it works and how wonderful it is. You could save a fortune and get even better health care in the process. It’s a different way of thinking about your health care and expenses, but I find it so liberating and quite wonderful.