My Annual Insurance Comparison Project

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Posted by admin | Posted in ACA-Obamacare, Samaritan Perks | Posted on 01-11-2017

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.

ACA Open Enrollment ends early this year! Nov 1-Dec 15, 2017

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Posted by admin | Posted in ACA-Obamacare | Posted on 04-09-2017

HEADS-UP, ACA OPEN ENROLLMENT IS MUCH SHORTER THIS YEAR!

Previously the open enrollment period for changing or choosing insurance plans was about 3 months long. This upcoming season however is only 6 weeks. From Nov 1, 2017 to Dec 15, 2017. That is a very short timeline for making a decision about whether you’re keeping your insurance plan or changing to a new one.

THERE IS GOOD NEWS!

Samaritan Ministries lets you sign up ANY TIME. So while your window for getting out of some insurance plans (certain group policies and ACA plans) is only during those 6 weeks, you can choose to join a health care sharing ministry any time you want. I would recommend matching up your signup to your end date on your other policy so that you aren’t going without some kind of protection.

MORE GOOD NEWS!

Samaritan Ministries is probably much much cheaper than the insurance premium you’re facing and you’ll find that it’s way more supportive of your family medical care as well. The freedoms are enormous. Do some research, this site is a great resource for that, and step out in faith. Your wallet and your family’s health will thank you.

CLICK HERE TO GET AN INFORMATION PACKET

 

Samaritan offers savings and stability during ACA uncertainty

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Posted by admin | Posted in ACA-Obamacare | Posted on 11-08-2017

I have been watching the ACA turmoil in Washington with fascination. Congress is having trouble figuring out what to do about the ACA. Repeal, replace, do nothing? Vote after vote nothing really gets accomplished. Maybe something will change in the future, maybe not. All the confusion has left insurance customers in a scary mess. Insurance companies don’t know if subsidies will still be sent, and as a result insurance rates are skyrocketing even higher than the already big increases planned. Many insurance companies are outright stopping services in many counties and states. Nevada has several counties with ZERO ACA insurance options. Nada. Zip. Nebraska currently has zero companies offering individual plans. There is one company (Medica) trying to get through the paperwork required to fill the gap in Nebraska, but it’s not finalized yet, and early notices from agents promise that the rates will be just as high as what we had before (assuming everything gets filed in time), which was pretty much a budget breaker for most people. And Medica isn’t even sure they can handle the influx of customers who have now been left with nothing. That’s a scary thought.

Once again, I am reminded how blessed I feel to have Samaritan Ministries in my corner. God showed us this was the path for us and it has saved us tens of thousands of dollars over the past few years, and now we watch the turmoil of the ACA with sadness for our friends, but grateful for the solution we enjoy so much.

Health care sharing ministries are no longer a secret. They are growing by leaps and bounds and Samaritan now has a bigger membership than many insurance companies. There are a million people who are now part of a health care sharing ministry, Samaritan or otherwise. Think about that. It’s a huge number, and one that clearly reflects that people are seeking something better for themselves and their families. They need something affordable that can be trusted to help in times of need. That’s all we’re really asking for. Members want to pay their fair share, but we need assistance when the bills become too big or when a surprise medical event appears. They want to contribute to a group of believers who prefer simplicity, affordability, and support for their fellow man.

If you’re shocked by the high insurance rates or left out in the cold with no or few insurance choices, there is an answer. You can walk away from the insurance world and still get the protection you need for your unexpected medical expenses. Look into Samaritan Ministries. It’s ACA exempt, no fines, and you will find that it gives your budget a break and your peace of mind a healthy boost. 🙂 You would be joining the ranks of a million other people who have also chosen a health care sharing ministry.

Many people are getting letters from their insurance companies now telling them coverage is no longer available. Some are being forced to change plans or companies for the 5th time. If you’re in that boat it’s time to change to something that is stable, affordable, and so supportive. You’ll be amazed at how easy the process is.

What if you have nothing currently and are tired of feeling like you’re living on the edge, just one medical event away from a financial disaster? There were 8 million people who paid the ACA fine in 2016 for not having insurance compared to 1 million people who are ministry members and didn’t pay a fine. Many of those ministry members had medical needs and were able to rely on the support of the members to get those bills paid for. No financial disasters. Just healing and prayers and paid bills. It works. It’s affordable. There’s no contract, but it’s something we can believe in and the ministries have 30 years of success behind them. Time tested, personally tested, and highly recommended. If you are ok with paying for your own checkups in order to have only a $300 “deductible” that can be reduced to $0 and an affordable monthly “premium” then this is something you should investigate.