Obamacare premiums will continue to rise next year, based on early rate filings from health insurers across the nation, at least before you account for the law’s financial assistance.
The initial 2019 rate increases, compiled by the Kaiser Family Foundation, range from a modest 7 percent bump in Richmond, Virginia, to a 36 percent hike in Baltimore for so-called “benchmark” plans on which the law’s tax subsidies are based. (It’s too soon to say where the national average might end up, and every market is unique anyway.)
Because of this there has been a surge of enrollments in Healthsharing plans, also known as Healthcare Sharing Ministries.
In the last six years, HealthSharing has evolved and with one HealthSharing plan, membership is open to people all all faiths, religions and beliefs.
One HealthSharing plan in particular operates similar to what one would expect of insurance company, such as having a netowrk to pay providers directly, more like insurance than the others, so monthly contributions are paid to an escrow account and the plan pays the providers directly so the member is not having to file a claim or seek reimbursement.
HealthSharing is not for everyone but may be the perfect solution for the many Americans who are bearing the brunt of continuing large rate increases in their health insurance.
A free report, 7 Ways HealthSharing May be Better than Insurance, is available at Healthsharing.com for consumers and insurance agents who want to explore HealthSharing as an affordable healthcare solution.
Learn more at https://www.healthsharing.com/
Jim Van Wyck