Insurance Regulators Looking at Religious Cost-Sharing Plans

iluvatar5150

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Christian Health Cost-Sharing Ministries Offer No Guarantees

Eight-year-old Blake Collie was at the swimming pool when he got a frightening headache. His parents rushed him to the emergency room only to learn he had a brain aneurysm. Blake spent nearly two months in the hospital.

His family did not have traditional health insurance. “We could not afford it,” said his father, Mark Collie, a freelance photographer in Washington, N.C.

Instead, they pay about $530 a month through a Christian health care sharing organization to pay members’ medical bills. But the group capped payments for members at $250,000, almost certainly far less than the final tally of Blake’s mounting medical bills.

“Just trust God,” the nonprofit group, Samaritan Ministries, in Peoria, Ill., said in a statement about its coverage, and advises its members that “there is no coverage, no guarantee of payment.”

It’s kind of amazing that these aren’t considered insurance.
 
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Nithavela

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mkgal1

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“there is no coverage, no guarantee of payment.”

Sounds like insurance to me.
...... apparently until it comes time to collect on a claim. If that's the arrangement - then why doesn't the organization "trust God" to cover the cost of the premiums? Why are people having to pay set premium costs? How convenient for the organization collecting the money.
 
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JCFantasy23

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Instead, they pay about $530 a month through a Christian health care sharing organization to pay members’ medical bills. But the group capped payments for members at $250,000, almost certainly far less than the final tally of Blake’s mounting medical bills.
.

A lot of insurance has caps, especially for hospital treatments.

I just read an article it's expected to go up 5% (again) in 2020. People are can't afford good health insurance, which is why some families are turning to the religious sharing costs.
 
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