UHSM – HEALTH CARE PROGRAMS
Affordable Health Coverage
Health insurance plans can be expensive and rigid, but Christian healthcare sharing programs can offer a more cost-effective and flexible approach to securing health benefits.
With health care expenses and insurance costs rising, many Americans may be searching for a more affordable and flexible alternative, and Christian health care sharing ministries may be a viable option.
Healthcare in the US is expensive, and the cost of traditional health insurance is prohibitive for many American families.
Typical health insurance plans come with their own list of costs and are not without their limitations and flaws. That’s why more and more Americans are seeking out alternatives to traditional health insurance plans that offer more affordability and flexibility. Christian health share programs may fit the bill.
Doctors on Call
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Current State of Healthcare Costs
While the steady growth in healthcare costs over the years may partly represent things like new healthcare treatments, better coverage, and rising prices, the increase in healthcare costs also has negative connotations. There are many flaws in health care markets that may sometimes cause inflated healthcare prices.
Health insurance takes up the largest portion of non-wage compensation at 26%
Healthcare is one of the biggest categories of consumer spending at 8.1% of consumer expenditures.
Healthcare made up 17.7% of the US economy; It was only 5% 60 years ago.
Americans received healthcare from government insurance or public provision in 2018.
The average American household spent per person on healthcare in 2019.
People who depend on employer-based insurance benefits pay an average of $1,242 in out-of-pocket healthcare expenses.
The US spends $2,500 per person on healthcare administrative costs. About 34% of total healthcare expenditures in the US consists of administrative costs, which is twice the amount that Canada spends. These costs have spiked over the past 20 years, mainly because of the increased overhead among private insurers.
Where Do Americans Look For Healthcare Coverage?
21.8 million - Individual health insurance market
6.4 million - Other public health insurance markets
43.3 million - Medicare
62.4 million - Medicaid
156 million - Employer-based
29 million - Uninsured
1 million and growing - Health sharing ministries
Factors to Consider When Choosing Affordable Health Coverage
There are a variety of ways to cover the rising costs of healthcare, but the route you take will determine the overall amount that you end up paying for medical care for you and your family. While comprehensive care is certainly important, so is affordability.
When seeking cost-effective healthcare, there are certain factors that should be taken into consideration, including the following:
The types of medical professionals that you are able to see may also be restricted based on your policy. If you have specific specialists that you want to see that are not in your insurance network and are considered out of network, you’ll be on the hook for paying for them.
Prescription medication coverage.
While your insurance plan may have prescription drug coverage, you’ll also want to know what specific medications will be covered. Insurers typically have a list of medications that they will cover and not cover. It’s important to understand what will be covered based on your specific needs before you opt for a specific healthcare plan. Otherwise, you could be facing additional expenses on top of your deductible and premiums.