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Pay a Premium every month to a third party Insurance Company who accepts the financial risk for your health.
Group Medical Cost Sharing is built upon the principles used by some of the Christian healthcare sharing groups. For the past 70 years, either the insurance model or the government has dominated the economic model of healthcare. However, in the late 1980’s and early ‘90’s, some modern-day Christian groups began comparing the escalating costs of healthcare with the simple and effective manner in which older Christian groups (such as the Amish) handled their property and casualty needs. We have all heard of the proverbial Amish “Barn Raising.” There is no need to insure the “barn” because the community will come together for a “barn raising” if it should burn down.
Now fast-forward to 2010 and the ACA. The impressive growth of the Christian health care sharing movement had, by now, led to hundreds of thousands of individuals and families not using an insurance model, but rather trusting to the sharing of needs as administered by these health care sharing groups. So the ACA, in recognizing the effectiveness of these groups and their sound legal history, enshrined their legitimacy in law by granting an exemption to the law’s penalties for those who were a part of these recognizable groups.
Although the exemption of the law only applies to a very limited number of qualified Christian health care sharing groups and their members, the model of health care sharing has proven legitimate and effective. As long as one can find other ways of fulfilling the law’s mandates, the health care sharing methodology can teach us much.
This is where Sedera Health was born as a concept. Sedera Health (Sedera) is a group healthcare solutions and benevolence organization. It’s modeled after a number of proven and highly successful medical sharing ministries that have facilitated the sharing of their member’s healthcare expenses for more than two decades within the confines of the Christian community. The actual sharing model has its roots philosophically in religious movements that can be traced back to the time of Christ.
Sedera’s emphasis is on facilitating community for its members through the sharing of their financial needs, and by encouraging one another with practical tools to maintain their health. Sedera’s member companies and their employees willingly assist one another with healthcare costs through voluntary monthly giving. Each member contributes an assigned amount each month and those contributions are shared, to meet member medical expense NEEDS in full!
How Much Does It Cost? The My Academy of Health Excellence – Plus solution combines everything you’ll need to become a successful ‘Free-Market Patient’ who is MPowered with health cost sharing:
Continue to – “How Does Medical Cost Sharing Work?”