Last month, we sent an e-mail to our membership in celebration of the fact that Liberty HealthShare had just achieved a milestone. In mid-December, our membership surpassed 100,000 people. It’s hard to believe that since then, we’ve added over 10,000 more individuals to our community!
To our recently enrolled members, welcome and congratulations on your effort to escape the third-party healthcare payment system where somebody else pays the bill, e.g., an insurance company, an employer, or the government. This transition is not necessarily easy because most folks have been in the third-party payment system for so long that they have forgotten (or never experienced) what it’s like to make medical care choices based on both quality and price.
Throughout the course of your enrollment and membership in Liberty HealthShare, you have likely noticed that we use terminology that is specific to our organization and work. There are several reasons we choose to communicate in the way we do.
We have good news to share with you from Liberty Healthshare. Dr. John Hunt, a member of Liberty's Physician Advisory Board, is now the Chief Medical Officer of the National Coalition of Healthcare Sharing Ministries. Dr. Hunt is also a sharing member of Liberty HealthShare.
Andy and Tiffany Clark are a young couple from Canton, Ohio. Like many young couples, the Clarks began to face financial difficulties due to student loan debt. These difficulties prompted tough decisions as the couple faced the choice between paying healthcare costs or neglecting basic necessities of life such as food and rent. Andy and Tiffany’s faith in God’s provision led them to pray that He would intervene and provide a solution that would meet all of these needs rather than accepting the frightening realities of living without healthcare.
Being part of Liberty HealthShare is like joining a big extended family of people who are committed to helping one another. It is not a health insurance policy, but instead, a system of organized medical cost sharing that is allowable under Obama's Affordable Care Act. Members are typically thrilled to send in their share amount each month and have it go directly toward meeting the needs of other members.
As a medical cost-sharing program, Liberty HealthShare has a few key differences from traditional health insurance. For example, members send a monthly share amount instead of paying monthly premiums, and rather than having the company itself pay claims, individual members share medical expenses.
After working 30 years in communication electronics, the military, and freight railroading, Indiana resident Larry Jones was fed up with the high cost of traditional healthcare. Between the co-pays, co-insurance, deductibles, and limited provider choices, he sought for something better and more affordable.
The shape of healthcare is changing with the ACA legislation, and one of the main elements of it that people are excited about is the inclusion of free preventative care in all health insurance under the Affordable Care Act, or ACA. This type of preventative care covers an annual physical and other basic tests and screenings that can help identify health problems early on and help prevent more serious health conditions from developing.
As the Affordable Care Act has mandated that all individuals have some sort of health plan, interest in different types of options has increased. Liberty HealthShare is actually not health insurance, but it is medical cost sharing. This type of health care is allowable under the Affordable Care Act. However, there are some things you should understand about how medical cost sharing is different from traditional health care options.