ACA Health Insurance Plans vs. Healthcare Sharing: [Essay Example], 471 words GradesFixer
exit-popup-close

Haven't found the right essay?

Get an expert to write your essay!

exit-popup-print

Professional writers and researchers

exit-popup-quotes

Sources and citation are provided

exit-popup-clock

3 hour delivery

exit-popup-persone
close
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

ACA Health Insurance Plans vs. Healthcare Sharing

Download Print

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

blank-ico
Download PDF

The Patient Protection & Affordable Care Act (Obamacare) was enacted in 2010. The law was designed to provide Americans with healthcare options regardless of their previous health status. It also eliminated caps on coverage during the insured’s lifetime, preventing one from getting thrown off of their plan.

These plans were intended to provide cost savings and offer dependable quality health coverage. We all remember Obama announcing a savings of at least $2,500 on our annual premiums. There was also a negative incentive to make sure the insurance “pool” was adequately supplied with premium paying participants – the ACA included a fine for not participating. While the savings didn’t materialize for everyone it did help families with lower incomes and pre-existing conditions.

Introducing Healthcare Sharing Plans

One aspect of healthcare that has seen increasing popularity is that of healthcare sharing ministries. Although they have been around for quite a while, interest and participation has grown quite a lot in the wake of Obamacare.

Healthcare Sharing is NOT “health insurance” but it DOES provide similar financial protection against healthcare expenses by reducing everyone’s out-of-pocket costs. Individuals or families pay a monthly “share amount” (think health insurance Premium) and depending on the program, healthcare costs are reimbursed in a fashion similar to traditional health coverage plans.

The bottom line is plans can be significantly cheaper than traditional health insurance plans – even HALF the cost in many cases. Deductibles are typically lower also. And here’s the big BONUS for members of health sharing ministries – they avoid fines for not having ACA-approved health coverage.

Here are some important DISCLAIMERS regarding healthcare sharing. Many plans do not accept people with pre-existing conditions. Also, people engaging in “unhealthy” lifestyles (smokers, obesity, etc) may have trouble qualifying for a healthcare sharing plan. And since these plans have a religious orientation, some forms of “healthcare” are not deemed necessary and won’t be covered (birth control for example). As far as religious orientation, these plans merely ask you to agree to a generic statement of faith when you sign up.

From preventive services to basic medical needs to coverage for a catastrophic care event, Healthcare Sharing Ministries can nearly duplicate healthcare that is otherwise available in the marketplace. But if you do consider healthcare sharing you should weigh the pros and cons before you sign up. There are also a few states where your selection of health sharing may not be available.

The best way to find the right plan is to carefully evaluate your unique situation and select a plan that meets your specific needs.

Consider a Healthcare Sharing Plan if…

  • You’re young & relatively healthy.
  • The ACA plans available to you are overly expensive.
  • You’re a Christian and you’re O.K. with sharing with like-minded individuals.
  • Your need of prescription medicine is low.
  • You want the widest selection possible to doctors and specialists.
  • Your income is too high to qualify for ACA subsidies.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism free

Sources and citations are provided

Cite this Essay

To export a reference to this article please select a referencing style below:

GradesFixer. (2018). ACA Health Insurance Plans vs. Healthcare Sharing. Retrived from https://gradesfixer.com/free-essay-examples/aca-health-insurance-plans-vs-healthcare-sharing/
GradesFixer. "ACA Health Insurance Plans vs. Healthcare Sharing." GradesFixer, 17 Dec. 2018, https://gradesfixer.com/free-essay-examples/aca-health-insurance-plans-vs-healthcare-sharing/
GradesFixer, 2018. ACA Health Insurance Plans vs. Healthcare Sharing. [online] Available at: <https://gradesfixer.com/free-essay-examples/aca-health-insurance-plans-vs-healthcare-sharing/> [Accessed 9 July 2020].
GradesFixer. ACA Health Insurance Plans vs. Healthcare Sharing [Internet]. GradesFixer; 2018 [cited 2018 December 17]. Available from: https://gradesfixer.com/free-essay-examples/aca-health-insurance-plans-vs-healthcare-sharing/
copy to clipboard
close

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.

    close

    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample
    close

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you

    close

    Thanks!

    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now
    boy

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer

    GradesFixer.com uses cookies. By continuing we’ll assume you board with our cookie policy.