How does Medi-Share insurance work?
Asked by: Benedict Fadel | Last update: November 20, 2025Score: 4.6/5 (64 votes)
How do Medi-Share plans work?
How Medi-Share Works. Each month, your monthly share is matched with another's eligible medical bills. Through a secure online portal, Medi-Share publishes the bills eligible for sharing and coordinates the direct sharing of medical costs between members.
What are the disadvantages of Medi-Share?
One of the major drawbacks of a health share plan is limited coverage. Unlike traditional health insurance, these plans may not cover chronic conditions, pre-existing conditions, or expensive treatments.
What does Medi-Share not cover?
Screening Procedures – Colonoscopies, prostate exams, and mammograms are not shareable under Medi-Share. These are important screenings, but you should plan to pay for them with your own resources. Vaccinations and Immunizations – All costs related to immunizations are excluded.
What is the average monthly cost of Medi-Share?
MediShare plans have options availble that will fit every family and budget. Monthly contribution for families average $350.
How Medi-Share Works
Does Medi-Share have a max out-of-pocket?
No max-out-of-pocket limit – While Medi-Share covers most things you would expect a regular health plan to, it doesn't cover mental health, substance abuse counseling, and a few other areas. Remember, there is no coinsurance, so you're paying nothing for covered treatment after your deductible/AHP.
What is the income limit for Medi Cal share of cost?
How is the shared monthly cost calculated? If your countable income is higher than 138% of the federal poverty level for Medi-Cal, currently $1,732 for an individual or $2,352 for a couple as of April 1, 2024, you may owe a shared monthly cost.
Can you go to any doctor with Medi-Share?
A: Medi-Share uses a Preferred Provider Organization (PPO) called PHCS. This means that members can choose from a network of over 4,400 hospitals, 79,000 ancillary care facilities, and 700,000 individual healthcare professionals nationwide.
What does Dave Ramsey say about Medi-Share?
After praising Christian healthcare sharing ministries in general, calling most of them "very reliable," Mr. Ramsey singles out Medi-Share's "great reputation." He then points out correctly that Christian health insurance alternatives are not insurance and don't face the same regulations as insurance companies.
Does Medi-Share pay for prescriptions?
Are prescriptions eligible for sharing? The cost of CMS or FDA approved testing, treatments, and up to six months of FDA approved prescription drugs per eligible condition will be considered for sharing.
Is Medi-Share really worth it?
For most members, there is a substantial cost savings over health insurance. Most families can save $2,000 a year. They help cover adoption expenses (they sent us a check for $3,000 after our adoption!) They have been operating for 25 years.
Does Medi-Share cover emergency room visits?
In terms of practicalities, Medi-Share shares in doctor's office and emergency room visits as long as they are deemed eligible according to Medi-Share's member-voted guidelines. After an event, your provider submits your bills to Medi-Share.
Can you write off Medi-Share?
Since Medi-Share is a health sharing organization, and not a traditional Affordable Care Act-qualified insurance product, your monthly membership costs are not deductible on your individual income tax return.
How does a share plan work?
Share Incentive Plans (SIPs) allow employees to own shares in the company. There are tax savings and national insurance savings for employees and employers. As an employee, you don't pay any Income Tax or National Insurance on shares if you keep them for five years.
Is there a waiting period for Medi-Share?
Typically, health sharing plans like Medi-Share impose a waiting period before they will share costs related to pre-existing conditions. However, If you enroll in Medi-Share 65+ during your initial Medicare eligibility period, those waiting periods are waived.
Are health share plans a good idea?
There are several great aspects of sharing plans. Not only are you connected to a group of individuals who are praying for and with you, but there are some economic benefits to sharing plans. They offer discounts, and the premiums are generally very low.
What kind of health insurance does Dave Ramsey recommend?
The Ramsey team and Dave Ramsey himself recommend high-deductible health plans (HDHPs) whenever possible. That way, you can enjoy lower monthly premiums, and you'll qualify to open a Health Savings Account (HSA). You can use those savings to cover health expenses and even invest.
Is Medi-Share real insurance?
No. Medi-Share is not insurance. Medi-Share is a healthcare sharing program where Christians share their financial resources to pay each other's medical expenses.
What is not covered by Medi-Share?
Although you may receive discounts for hearing aids, vision care, and dental checkups, they are not covered by Medi-Share cost sharing. Elective medical procedures and cosmetic surgery. Mental health care, counseling, behavioral therapies, or occupational health sessions.
Does Medi-Share pay for colonoscopy?
Medi-Share does not cover the following:
Dental, vision, and hearing: not eligible for sharing but can get exclusive discounts. Routine and preventive care: this includes physicals, immunizations, vaccines, mammograms, lab studies, and colonoscopies.
How do you get rid of medical share of cost?
Option 1: Provide proof of extra health insurance premium costs. Extra health insurance premium costs can be used to lower your countable income and may help you get rid of your share of cost. Some examples of extra health insurance premium costs are dental and vision plans, or Medicare Part D prescription plans.
How much money can I have in my bank account if I have Medi-Cal?
For new Medi-Cal applications only, current asset limits are $130,000 for one person and $65,000 for each additional household member, up to 10. Starting on January 1, 2024, Medi-Cal applications will no longer ask for asset information. » I was not eligible in the past.
What is the new law for Medi-Cal in 2024?
Beginning January 1, 2024, a new law in California will allow adults ages 26 through 49 to qualify for full-scope Medi-Cal, regardless of immigration status. All other Medi-Cal eligibility rules, including income limits, will still apply.
Why is my Medi-Cal share of cost so high?
This dollar amount is called Share of Cost (SOC). A Medi-Cal subscriber's SOC is similar to a private insurance plan's out-of-pocket deductible. Generally, a subscriber's SOC is determined by the county welfare department and is based on the amount of income a subscriber receives in excess of “maintenance need” levels.