What is a Faith-based plan and how do they work? Check out the article below for the answer. While we focus on guaranteed insurance products some customers may find that a health-share membership is a good option for them. We can help you find the right health share program for your needs and provide recommendations for covering the gaps in coverage that are often found in these products. We have also included rates and information on some of the most popular Medical Sharing programs currently available. We do try to keep this page updated with current rates but we can't guarantee that the rates shown on this page are the most current. If you determine a health-share plan is best for you we will obtain the most recent rates and member guidelines for your area.
Faith ministry plans or Christian ministry plans are products where people who believe in the ministries statement of standards pool together to pay fellow members medical bills. One popular plan that we offer seeks like-minded members who contribute monthly donations to the ministry. Then when a member has a claim the ministry pays out of the plans escrow account. it's important to note that while many faith plans have been around for many years, they are not insurance and therefore are not regulated like insurance companies.
The plans have become increasingly popular in the last few years. Primarily due to Indiana health insurance plans having sharp price increases and more and more carriers leaving the states they operate in. Ministry plans have plan options similar to Indiana health insurance options but they are not health insurance. What they are is a plan where like-minded members pull their funds together to help those in need of medical care. Most plans have MRA's or Member Responsibility Amounts which are equivalent to a health insurance plan deductible. an amount that the member must pay before the plan starts to pay. Many of the plans also have co-pays for doctor visits, which allows the customer to just pay a flat amount, like $30 to visit the doctor. One advantage of using a faith ministry plan is that they will negotiate your medical bills for you, even if you haven't yet met your MRA. This means that you can expect to pay less for medical services from the start of the year before you've even met any MRA.
Multiplan is a network of doctors that smaller insurers and ministry plans often use. One advantage to a smaller insurer using Multiplan is that they are able to benefit from a large networks repricing and negotiated rates as opposed to having to negotiate with thousands of individual doctors on their own. Contrary to some beliefs, Multiplan is not an insurance company and does not offer health insurance plans. Multiplan is the network used by our most popular faith ministry. Their network of doctors can be found here.
Want more information on health sharing / Medishare / Faith sharing plans? Check out our health-share post in the resources center. Not sure if a health sharing ministry is right for you? Try Virtual Agent to learn about the right coverage for you.
The Silver Select option are for those that want an affordable lower MRA option and don't mind paying cash for routine things like primary office visits. Silver Select is likely the best value not only in Alabama and Indiana but the best value in healthcare nationwide. Plans are available in most states and plan members have access to a nationwide network of doctors.
-$2750 Annual MRA