Altrua Health share
As a professional insurance agent, I understand the importance of finding the right healthcare coverage for you and your family. With the rising costs of traditional health insurance, many people are looking for alternative options. One such option is Altrua HealthShare, a healthcare-sharing ministry that offers a unique approach to healthcare coverage. In this article, I will provide an overview of Altrua HealthShare, including how it works, eligibility requirements, and membership options.
Explanation of what Altrua HealthShare is NOT INSURANCE
Altrua HealthShare is a healthcare-sharing ministry that allows members to share in each other’s medical expenses. Members contribute a monthly amount, which is deposited into an escrow account. When a member has an eligible medical expense, the funds are disbursed from the escrow account to cover the cost.
How it works
Altrua HealthShare brings together individuals, couples, families, churches, and organizations who share the goal of helping each other with their medical needs. Members contribute a monthly amount based on their chosen membership level. When a member has an eligible medical expense, the funds are disbursed from the escrow account to cover the cost.
Eligibility requirements
To be eligible for Altrua HealthShare, you must meet certain requirements. These include:
– Being a Christian
– Agreeing to the Statement of Standards
– Living a healthy lifestyle
– Not using tobacco or illegal drugs
– Not abusing alcohol
– Agreeing to the Membership Guidelines
Membership options
Altrua HealthShare offers four membership options: Diamond, Emerald, Sapphire, and Ruby. Each membership level has different monthly contribution amounts and annual limits. Here is a breakdown of each membership option:
– Diamond: This membership level has a monthly contribution as low as $356.00 and an annual limit of $2,000,000. It is perfect for growing families that want a low MRA. It includes six pooled office visits per member, unlimited telemedicine, maternity sharing, adoption sharing, cancer treatment sharing, laboratory services, and no annual limit up to the lifetime maximum limit of $2,000,000.
– Emerald: This membership level has a monthly contribution as low as $318.00 and an annual limit of $1,000,000. It is ideal for those who want lower contributions for a lower lifetime limit. It includes six pooled office visits per member, unlimited telemedicine, maternity sharing, adoption sharing, cancer treatment sharing, laboratory services, and no annual limit up to the lifetime maximum limit of $1,000,000.
– Sapphire: This membership level has a monthly contribution as low as $173.00 and an annual limit of $1,000,000. It is great for two people who want added security. It includes six pooled office visits per member, unlimited telemedicine, cancer treatment sharing, an annual limit of $250,000, and a lifetime maximum of $1,000,000.
– Ruby: This membership level has a monthly contribution as low as $136.00 and an annual limit of $150,000. It is for a healthy individual who is unconcerned with a higher MRA. It includes six pooled office visits per member, unlimited telemedicine, cancer treatment sharing, an annual limit of $150,000, and a lifetime maximum limit of $1,000,000.
It is important to note that each membership level has different benefits and limitations, so it is important to compare each plan carefully to determine the best fit for your needs. Altrua HealthShare also offers a new membership option called MyShare, which allows members to customize their membership based on their finances, health goals, and season of life.
| Membership Level | Monthly Contribution | Annual Limit | Benefits |
|---|---|---|---|
| Diamond | As low as $356.00 | $2,000,000 | 6 pooled office visits per member, unlimited telemedicine, maternity sharing, adoption sharing, cancer treatment sharing, laboratory services, and no annual limit up to the lifetime maximum limit of $2,000,000 |
| Emerald | As low as $318.00 | $1,000,000 | 6 pooled office visits per member, unlimited telemedicine, maternity sharing, adoption sharing, cancer treatment sharing, laboratory services, and no annual limit up to the lifetime maximum limit of $1,000,000 |
| Sapphire | As low as $173.00 | $1,000,000 | 6 pooled office visits per member, unlimited telemedicine, cancer treatment sharing, an annual limit of $250,000, and a lifetime maximum limit of $1,000,000 |
| Ruby | As low as $136.00 | $150,000 | 6 pooled office visits per member, unlimited telemedicine, cancer treatment sharing, an annual limit of $150,000, and a lifetime maximum limit of $1,000,000 |
Comparison of Altrua HealthShare with other health sharing plans
Altrua HealthShare covers many medical expenses, including doctor visits, hospitalization, surgery, and prescription drugs. However, it does not cover pre-existing conditions, routine preventive care, or mental health services. In comparison, Zion HealthShare covers pre-existing conditions after the first year of membership and routine preventive care after the first six months.
Sedera Health covers pre-existing conditions after the first year of membership and routine preventive care after the first 90 days of membership. It is important to note that each health-sharing plan has different coverage options, so it is important to compare each plan carefully to determine the best fit for your needs.
Member reviews and satisfaction ratings are important when comparing health-sharing plans. According to HealthSharingReviews.com, Altrua HealthShare has mixed reviews from its members. Some members have reported slow processing times and difficulty getting their medical bills paid, while others have reported positive experiences with the knowledgeable and kind staff.
In comparison, Zion HealthShare has received mostly positive reviews from its members, with many praising the company’s excellent customer service and affordable pricing. Sedera Health has also received mostly positive reviews from its members, with many praising the company’s transparency and ease of use. It is important to note that each health-sharing plan has different member reviews and satisfaction ratings, so it is important to compare each plan carefully to determine the best fit for your needs.
| Health Sharing Organization | Pricing and Benefits | Coverage Options | Member Reviews and Satisfaction Ratings |
|---|---|---|---|
| Altrua HealthShare | Monthly contribution as low as $99.00 with an annual limit of $25,000 for Bronze membership; monthly contribution as low as $356.00 with an annual limit of $150,000 for Diamond membership | Covers doctor visits, hospitalization, surgery, and prescription drugs, but does not cover pre-existing conditions, routine preventive care, or mental health services | Mixed reviews from members |
| Zion HealthShare | Membership fee as low as $107.00 per month with an annual limit of $1,000,000 | Covers pre-existing conditions after the first year of membership and routine preventive care after the first six months of membership | Mostly positive reviews from members |
| Sedera Health | Membership fee as low as $169.00 per month with an annual limit of $1,000,000 | Covers pre-existing conditions after the first year of membership and routine preventive care after the first 90 days of membership | Mostly positive reviews from members |
Coverage options offered by Altrua HealthShare
Altrua HealthShare is a unique healthcare-sharing ministry that offers several benefits to its members. Here are some of the benefits of Altrua HealthShare:
– Lower costs compared to traditional health insurance: Altrua HealthShare offers affordable monthly contributions and annual limits often lower than traditional health insurance plans. This can help members save money on their healthcare costs.
– Flexibility in choosing healthcare providers: Unlike some health insurance plans, Altrua HealthShare does not have network restrictions, which means members can choose any healthcare provider they prefer. This gives members more flexibility and control over their healthcare.
– No network restrictions: Altrua HealthShare does not have network restrictions, which means members can choose any healthcare provider they prefer. This gives members more flexibility and control over their healthcare.
– Shared values and beliefs with other members: Altrua HealthShare is a faith-based organization that requires members to live a healthy lifestyle and follow faith-based requirements. This shared belief system can create community and support among members.
In addition to these benefits, Altrua HealthShare also offers coverage for a wide range of medical expenses, including doctor visits, hospitalization, surgery, and prescription drugs. However, it is important to note that Altrua HealthShare does not cover pre-existing conditions, routine preventive care, or mental health services. Overall, Altrua HealthShare can be a viable option for those looking for affordable healthcare coverage that aligns with their values and beliefs.
Benefits Of Altrua
Altrua HealthShare offers several coverage options to its members. Here are some of the coverage options offered by Altrua HealthShare:
– Catastrophic coverage: Altrua HealthShare offers catastrophic coverage for medical expenses that exceed the annual limit of a member’s chosen membership level. This can provide additional financial protection for members in case of a major medical event.
– Primary care coverage: Altrua HealthShare covers primary care visits, including office visits, urgent care, and telemedicine visits. This can help members save money on routine medical expenses.
– Pregnancy and adoption coverage: Altrua HealthShare covers pregnancy and adoption expenses, including prenatal care, delivery, and postnatal care. This can provide financial assistance to members starting or expanding their families.
– Prescription drug coverage: Altrua HealthShare offers discounts on name-brand and generic prescriptions for its members. This can help members save money on their prescription drug costs.
How to enroll in Altrua HealthShare
To enroll in Altrua HealthShare, follow these steps:
Visit the Altrua HealthShare website and choose a membership level that fits your needs and budget.
Complete the online enrollment application and sign the Membership Commitment form.
Submit required documentation, such as proof of Christian faith and a health questionnaire.
Set up automatic contributions for your monthly membership fee.
The required documentation for enrollment may vary depending on your chosen membership level and personal circumstances. Enrollment deadlines may also vary, so it is important to check with Altrua HealthShare for specific information.
What is the difference between health insurance and Healthshare?
Health insurance and health share programs are available for individuals seeking medical coverage in the United States. While both options aim to provide healthcare coverage, there are some key differences between them:
**Health Insurance**
– Health insurance is a contract between an individual and an insurance company that provides medical coverage for benefits, such as doctor visits, hospital stays, and prescription drugs.
– Health insurance is typically provided through employers, but individuals can also purchase it directly from insurance companies or on the Health Insurance Marketplace.
– State and federal laws highly regulate health insurance, and insurance companies must meet certain standards for coverage and financial stability.
– Health insurance plans typically offer a broader range of coverage options and benefits than health share programs. Health insurance plans often cover preventative care, prescription drugs, and specialist care.
**Health Share**
– Health share plans are non-profit entities where members share medical costs.
– Health share programs may have more limited coverage options than health insurance plans.
– Health share programs are not regulated as insurance companies and are not subject to the same standards as insurance companies.
– Health share programs can save members money on healthcare costs, as they are often cheaper than traditional insurance premiums.
– Health share plans may limit or exclude coverage for pre-existing conditions, especially during the first few years of membership.
- What type of insurance is Altrua HealthShare?
- How does Altrua work?
- Are Healthshare plans worth it?
- What is the disadvantage of healthshare plans?
- Is Altrua Healthshare tax-deductible?
- Are healthshare plans tax-deductible?
Altrua HealthShare is a faith-based health cost-sharing ministry that provides an alternative to traditional health insurance.
Members contribute a monthly share amount, which is then disbursed to cover the medical expenses of other members. Members also have access to a network of healthcare providers and negotiate lower rates for medical services.
Healthshare plans may be a good option for those who are unable to afford traditional health insurance or who prefer a more community-oriented approach to healthcare. However, it's important to carefully research and compare plans to determine if it's the right fit.
Healthshare plans may not cover certain medical expenses or may have limitations on coverage. Additionally, not all healthcare providers accept healthshare plans, which can be challenging for members seeking care.
Altrua HealthShare contributions may be tax-deductible under certain circumstances, such as if the member meets the requirements of a Health Savings Account (HSA).
Healthshare plans may have tax-deductible contributions, but it depends on the specific plan and the member's individual tax situation.