Each of the ministries is very upfront that there are no guarantees of payment for medical bills, but Meggs said those concerns are exaggerated, and that in 21 years Medi-Share has only had a handful of complaints related to coverage.
Yeah, this sounds weird to me. Like...instead of paying into a health insurance company that has to cover my bills, I pay into one that MIGHT cover them. It's the exact same principle of regular health insurance but without any legal guarantee. That's great if it works out, but it's also great if you don't ever get health coverage and you don't get sick, too. It's a gamble.
Well, I hope for their sake that their cheaper option will decide to cover them should they ever have a long ICU stay (7days+) because that room and board charge alone is scary expensive.
I just think it's a huge gamble to even pay 300.00/month to have someone possibly turn around and say...sorry we won't pay this, we ran out of money.
I've never heard of a program like this thank goodness! We have to have actual insurance in Mass. From a company that will pay the claims they have contracted to pay. Like...an inpatient stay that costs 500,000 x2 because of sick triplets.
New health insurance marketplaces signing up few uninsured Americans, two surveys find - The Washington Post
The truth of the matter is that people who would risk going with out insurance do so because they feel that for whatever reason they just can not afford it. Obamacare does not fix that unless you are in the lowest income brackets. This is something that is there for just those emergencies mentioned above. They do pay for hospital stays. That is what they primarily do. For the people who just are not going to have insurance, I would rather them have this than than nothing.