Liberty HealthShare vs MediShare
If you’re looking for a way to save on healthcare costs, you might want to consider a cost sharing service, such as one that’s run by a Christian ministry. Liberty HealthShare and MediShare are a couple of the most popular ones available, and they have been reviewed exceptionally well by clients. However, there are some important differences between these programs that you need to be aware of.
A Basic Overview Of Each Program
In general, Liberty HealthShare is the best program to pick if you are looking to reduce your monthly costs. However, MediShare has no limit on lifetime costs, which can make it a better program for anyone who expects to have high lifetime medical expenses. In addition, some clients strongly prefer the benefits that are offered by MediShare over Liberty HealthShare.
What’s The Difference Between Cost-Sharing Plans And Health Insurance?
Cost-sharing plans and health insurance are completely different from a legal perspective, which means that the regulations for them are quite different from one another. You’ll contribute a certain amount to the plan, which is just like insurance. However, one key difference is that there are typically some additional terms and conditions when it comes to cost-sharing programs when compared with health insurance. This is typically due to religious restrictions.
In addition, cost-sharing programs do not feature the protections of the affordable care act, such as guaranteed coverage for those with pre-existing conditions. The specific policies of cost-sharing programs is quite variable when it comes to pre-existing health problems. Fortunately, the deductibles and monthly payments for cost-sharing programs tend to be significantly lower than health insurance.
What You Need To Know About MediShare
In order to use MediShare, you’ll need to pay a one-time fee of $50. Not only that, but there also are a few forms that you will need to fill out. These forms are a health history and questionnaire, a statement of faith, and a testimony and commitment form. As with Liberty HealthShare, there are a few lifestyle requirements in order to be eligible for the cost-sharing program. You’ll have to meet these requirements before you are eligible for the cost-sharing:
- You need to agree that everyone has the right to their own interpretations of the Bible.
- Furthermore, the company strongly believes that everyone’s personal freedom originates from God rather than being granted by governmental authorities.
- You affirm that you will help others in need when you are able to do so.
- Liberty HealthShare believes that you must avoid lifestyle choices that are likely to be harmful to your health.
- Liberty HealthShare feels strongly that everyone should be allowed to make decisions regarding their own healthcare.
How Much Does It Cost?
In order to get started with MediShare, you’ll need to pay a $120 fee during the first month, which all MediShare members will be required to pay. In addition, there will be a two dollar fee initially upon starting your membership.
What Are The Deductibles For MediShare?
The deductibles depend on the size and type of your household, and there are several policy options available. These are the options that you can choose from:
- $1,000 (available to people who are between 18-29 years old and unmarried)
How Do You Know What Type Of Plan To Pick?
Determining what type of plan you should pick depends on your unique needs. The mostimportant thing to be aware of is how much you’re likely to spend on healthcare during a typical year. Also, it’s important to factor in what you can expect to pay in the future.
In addition, you need to consider your age. Seniors are generally advised to use a cost-sharing program that doesn’t feature a lifetime cap. Also, it’s essential to consider your insurance status. If you do not have insurance or have low-quality coverage, you’ll want a cost share program with a lower deductible.
Does MediShare Offer Incentives For Living A Healthy Lifestyle?
Healthy living incentives can be a powerful motivator to ensure that your lifestyle is as healthy as possible. In fact, MediShare offers a 20% reduction in your required monthly contribution if you maintain a healthy lifestyle. In order to qualify for it, your BMI will need to be between 17.5 and 25, you’ll need to have a blood pressure of less than 121/81, and your abdominal circumference needs to be below 38″ for males and 35″ for females.
Does MediShare Offer A Health Partner Program?
MediShare does offer a health partner program, which can be a great way to help you maintain healthy habits! This is available to individuals who are struggling with a serious illness, and MediShare may require that you become enrolled in the health partner program if you are struggling with a serious health issue. If necessary, you will need to pay slightly more if you’re enrolled in the health partner program.
Does MediShare Offer A Medicare Supplemental Cost-Sharing Program?
MediShare does offer a cost-sharing program that’s designed for people who are already insured by Medicare. This supplemental cost-sharing program is much more affordable than their plan that’s designed to cover uninsured patients. The plan is called Senior Assist, and the cost varies based on age. Senior Assist is available regardless of pre-existing conditions, and you won’t be charged more if you have a pre-existing health issue. Here are their prices:
- $70 per month for seniors who are between 65 and 70
- $85 per month for seniors who are between 71 and 75
- $95 per month for seniors who are 76 and older
What You Need To Know About Liberty HealthShare
In order to use MediShare, there are some requirements that you will need to meet. You can’t use the plans if you use tobacco. Also, if you abuse prescription drugs, alcohol, or illicit substances, you cannot be part of Liberty HealthShare. In addition, it’s a Christian cost-sharing program, which means that you need to live in a manner that’s consistent with biblical values.
Furthermore, you need to be involved in regular worship and/or pray regularly, which is important to make sure of before you consider applying for this cost-sharing program. The program requires that you agree to several required beliefs, which consist of these:
- You need to affirm that you believe God exists in the form of three distinct individuals, which are the Father, the Son, and the Holy Spirit.
- You also affirm that you believe the Bible has been given to man without any form of error.
- You’ll also need to affirm that you believe in Jesus Christ and that he was born from the Virgin Mary.
- You must believe that after Jesus died on the cross, he resurrected and returned to heaven.
- You must also believe that the Holy Spirit makes it possible for non-believers to be reborn and assists believers of God in living an ethical and moral life.
- You’ll also need to affirm that you believe that mankind was created by God, but you’ll also acknowledge that the sin of mankind alienated him from God. You’ll need to believe that the only way for mankind to change this is through faith, which the death and resurrection of Christ allowed us all to do.
What Are The Deductibles For Liberty HealthShare?
There are three different options that you can choose from for Liberty HealthShare plans. These are the three choices of plans in terms of the deductible amount:
What Deductible Option Should You Pick?
There are many factors that go into determining what type of deductible plan is right for you. These deductible options allow you to ensure that you’re able to pick a plan that’s right for your needs. It’s important to make sure you read reviews of the specific type of plan that you’re considering, which will allow you to make sure that you can choose the best plan for you.
Does Liberty HealthShare Offer A Health Partner Program?
There is a health partner program for Liberty HealthShare, which is considered to be quite effective for promoting a healthy lifestyle. If you have a pre-existing condition, you’ll be enrolled in a program called Health Trac.
Health Trac will assign you a personal health coach, and this program is particularly beneficial for people who are struggling with tobacco use, diabetes, high blood pressure, and other common health issues. However, there is an $80 fee to be enrolled in this program, which you will no longer have to pay after you meet your goals.
Which Program Is Best For You?
The answer to this question varies significantly from one individual to another. Not only does it vary due to personal preferences, but it also depends on your own unique needs as a patient. Many individuals who have long-term medical problems strongly prefer MediShare due to the lack of lifetime limits on cost-sharing benefits, which also makes it the preferred health cost-sharing program for senior citizens. Here are a few of the most important factors that you should consider when choosing between MediShare and Liberty HealthShare:
- Overall, Liberty HealthShare is ideal for seniors that are not currently able to get Medicare, but MediShare is the better option if you are a senior who qualifies for it.
- MediShare is best for individuals who are struggling with financial issues. That’s because they offer a reduction in cost for financial hardship, which will keep you on the plan if you are unable to pay monthly dues for 3 months out of a 12 month period.
- Overall, Liberty HealthShare is a better plan for people who are mothers or adopting. That’s because there’s no limits on maternity-related coverage.
- Liberty HealthShare does not include any sort of co-pays, but MediShare has a 35 dollar doctor visit co-pay and a co-pay of 200 dollars for visiting the emergency room.
- Liberty HealthShare does not have a penalty for those who leave the PPO network, which makes it a better choice for people who travel a lot!
- MediShare covers prescription drugs for four months, but Liberty HealthShare only covers them for four days.
- Unfortunately, MediShare doesn’t cover routine appointments, which can make your healthcare expenses somewhat higher.
- Liberty HealthShare is best for people who visit a chiropractor. That’s because there’s no requirement for covered healthcare providers to be a physician, and Liberty HealthShare also covers occupational and physical therapy.
Rachel is dedicated to helping individuals and families boost their budgets so they can enjoy the lifestyle they deserve. Rachel graduated with a degree in Family and Consumer Sciences. She’s a prolific finance writer, producing tons of articles on different aspects of personal and family budget management.
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