What type of insurance is Medi-Share?
Asked by: Carole Lubowitz PhD | Last update: May 2, 2025Score: 5/5 (51 votes)
What type of plan is Medi-Share?
“Medi-Share is not “Christian insurance.” Rather, it is a health care sharing program facilitated by Christian Care Ministry (CCM) through which a community of believers voluntarily come together to share the cost of one another”s medical bills.
Is Medi-Share real insurance?
A: MediShare is not health insurance at all, but rather a form of medical cost sharing. However, MediShare is a Christian ministry that is devoted to the idea of sharing one another's burdens. All members will be asked to complete a non-denominational Statement of Faith, and agree to some healthy lifestyle commitments.
Is Medi-Share considered Medicare?
Medi-Share 65+ is a secondary option to those with Medicare Parts A & B and provides one low price for up to 10 years. With Medi-Share 65+ you can switch at any time. The 20% of medical expenses not covered by Medicare are eligible to be shared in by Medi-Share 65+.
What network is Medi-Share?
Doctor Network – Medi-Share has a Preferred Provider Organization (PPO) network of doctors. It's built on MultiPlan's PHCS network, which is the same company that manages networks for some of the major traditional insurance companies.
Medi-share review after 12 years (& what we pay each month)
Is Medi-Share a PPO or HMO?
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.
Is Medi-Share commercial insurance?
NOTICE: Medi-Share is not insurance nor an insurance policy.
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.
Is Medi-Share good for seniors?
Medi-Share 65+ is designed to help seniors manage their Medicare-related out-of-pocket costs. Once you've met the $500 annual household contribution, Medi-Share 65+ covers 100% of your Medicare-approved deductibles and copays for Parts A and B. This provides significant relief from unexpected medical expenses.
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.
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.
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.
Is Medi-Share creditable coverage?
No, Medi-Share 65+ is not considered creditable coverage, because it is not insurance and is not rated by Medicare.
What will 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.
How much does it cost to have a baby with Medi-Share?
How much does MediShare cover for a single pregnancy event? Sharing is limited to $125,000 for any single pregnancy event, including antepartum care, the cost of delivery and complications to the mother and/or child(ren), and postpartum care.
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.
What is the best medical insurance after 65?
Medicare is the best health insurance option for seniors and retirees. Medicare is the cheapest health insurance with the best benefits for people age 65 and older or who have a qualifying disability. You can choose between two different options: Original Medicare and Medicare Advantage.
Who is eligible for Medi-Share?
The organization is Christian-focused, in which members must attest to a personal relationship with Jesus Christ and commit to their Statement of Faith to qualify for membership.
What is the difference between Medi-Share and samaritan?
Medishare receives the bills direct from the provider, Samaritan members receive the bills themselves and send those on to Samaritan to be shared.
Does Medi-Share cover cataract surgery?
Medi-Share generally considers cataract Surgery is generally considered a shareable expense. You should present your Medi-Share ID card at the time of treatment. If you're a Medicare beneficiary and enrolled in Medi-Share's “65+” cost sharing plan,the provider will bill Medicare for the costs of the surgery.
What is the difference between Medi-Share and insurance?
Medi-Share vs.
A key difference lies in how the costs are shared. As previously mentioned, health insurance premiums are paid to an insurance company which then pays for your health care costs. With Medi-Share, your monthly share amounts go directly toward sharing in other members' eligible medical needs.
Is Medi-Share a high deductible health plan?
Medi-Share does not have deductibles in the traditional insurance sense, but it does have an annual household portion, which functions similarly to a high deductible.
Is Medi-Share tax deductible?
Non-Deductibility of Payments: Payments made to Medi-Share are not tax-deductible. Unlike premiums for health insurance, which may be deductible under certain conditions, Medi-Share contributions cannot be claimed as medical expenses on tax returns.
What is the annual household portion of Medi-Share?
ANNUAL HOUSEHOLD. PORTION (AHP) The annual dollar amount that the member must meet be- fore eligible bills can be shared. Similar to a deductible.
How many people use Medi-Share?
As a faith-based program, members pray for each other and have agreed to share in expenses that align with their Christian faith. Each month, more than 400,000 Medi- Share members across America share more than $50 million of one another's medical expenses, approximately $650 million in medical bills annually.