Christian Medishare

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Old 01-03-2007, 02:58 PM   #1
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Christian Medishare Christian Medishare
I am meeting with someone tomorrow to replace their Christian Medishare with a HSA. However, my RM says "good luck" that most of those folks are "brainwashed" to believe that the Medishare is the best thing to come along since sliced bread.

I'm somewhat familiar with the Medishare plans but i'd be interested to hear any strategies from any guys/gals who have come across these plans.
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Old 01-03-2007, 04:07 PM   #2
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STIBROKER on Christian Medishare - Insurance Forum
 
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Christian Medishare
its not insurance and sometimes more expensive.......
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Old 01-03-2007, 07:07 PM   #3
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somarco on Christian Medishare - Insurance Forum
 
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Christian Medishare
http://www.medi-share.org/?ref=G2-christian_brotherhood

Take some time to view the site above. Several years ago I wrote the stop loss on two groups that are similar in nature.

The good things.

The price is usually more affordable than health insurance, even when you factor in your "sharing" contribution. MediShare has a good history and seems to be well run, especially compared to other plans that have had problems or gone away.

The bad.

It is not insurance.

Your bills may not be paid in full.

It is not insurance.

Some conditions, particularly those related to STD, mental illness or substance abuse may not be covered. If a woman is pregnant & her life is in danger the plan will not pay to terminate the pregnancy.

It is not insurance.

If you need an expensive procedure, your provider may not accept MediShare but will require you to pay up front or make a secured pledge (home equity) before performing the procedure.

If MediShare goes away there are no reserves, no guaranty fund to cover your claims.

It is not insurance.

MediShare is not regulated by the DOI. If there are issues you appeal to the AG in your state (and their home state) to get your claim paid or a refund.

It is not insurance.

The plan has a "sharing" limit of $1M which may not be sufficient to pay your bills.

It is not insurance.

If you lose your MediShare coverage you may not be eligible for insurance if your health has changed.

It is not insurance.

MediShare is not considered creditable coverage for HIPAA purposes.

It is not insurance.

Did I mention this is not insurance?

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The doctor is in. Five cents please.
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Old 01-03-2007, 07:35 PM   #4
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Steve on Christian Medishare - Insurance Forum
 
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Christian Medishare
Well written and good points, Somarco. One question: Is it Insurance? :shock:
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Old 01-03-2007, 07:37 PM   #5
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somarco on Christian Medishare - Insurance Forum
 
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Christian Medishare
One question: Is it Insurance?
Let me get back to you on that . . .
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Old 01-04-2007, 01:17 PM   #6
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NHB_MMA on Christian Medishare - Insurance Forum
 
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Christian Medishare
I knew a guy in the insurance industry that was actually looking at dropping his BCBS for this, but I don't know if he ever did it. The concept is sound in principle, but too much risk for my liking.
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Old 01-04-2007, 11:57 PM   #7
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K-Dub on Christian Medishare - Insurance Forum
 
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Christian Medishare
Over the past year I've gone up against these plans twice, didn't sell either one! THEY ARE BRAINWASHED!! It's hard to downplay a plan tied into their religion or church group, touchy subject with people who have it.

Just my experience!

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Kris Willy
Colorado Health Solutions
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Old 01-05-2007, 07:40 AM   #8
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somarco on Christian Medishare - Insurance Forum
 
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Christian Medishare
If people were not gullible you would not have . . .

Discount health cards posing as health insurance

Indemnity plans posing as major medical

Hospital only coverage

Major medical plans with artificial caps on Rx, outpatient and annual maximums

These plans work for some people, just like an indemnity plan or major med with artificial caps . . . to a point. The problem is they fall apart just when you need them most.

And there is corruption, as in the case of the Christian Brotherhood & Bruce Hawthorn or the New Era fund.

http://ctlibrary.com/39666

http://www.washingtonpost.com/wp-dyn...102200046.html

http://www.uccs.edu/~ur/2006/view_ar...ticle_id=18377
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