Altrua Health share
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Register NowAltrua Health Share: Caring for one another
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 main membership options: Diamond, Emerald, Sapphire, and Ruby, as well as a customizable MyShare option. Here’s an updated breakdown of each membership option:
## Diamond
– Monthly contribution: As low as $356.00
– 1st Member Responsibility Amount (MRA): $500 per person per year
– 2nd MRA: 25% up to $2,500
– Lifetime Maximum Sharing Limit: $2,000,000
– No annual limit
**Benefits include:**
– 6 pooled office visits per member
– Unlimited telemedicine
– Maternity and adoption sharing
– Cancer treatment sharing
– Laboratory services
## Emerald
– Monthly contribution: As low as $318.00
– 1st MRA: $1,000 per person per year
– 2nd MRA: 25% up to $2,500
– Lifetime Maximum Sharing Limit: $1,000,000
– No annual limit
**Benefits include:**
– 6 pooled office visits per member
– Unlimited telemedicine
– Maternity and adoption sharing
– Cancer treatment sharing
– Laboratory services
## Sapphire
– Monthly contribution: As low as $173.00
– Annual Limit: $250,000
– Lifetime Maximum Limit: $1,000,000
**Benefits include:**
– 6 pooled office visits per member
– Unlimited telemedicine
– Cancer treatment sharing
## Ruby
– Monthly contribution: As low as $136.00
– 1st MRA: $7,500 per person per calendar year
– Annual Limit: $150,000
– Lifetime Maximum Limit: $1,000,000
**Benefits include:**
– 6 pooled office visits per member
– Unlimited telemedicine
– Cancer treatment sharing
MyShare
MyShare is a customizable option allowing members to tailor their membership based on their needs and budget. Members can choose:
– MRA from $0 to $10,000 per person per calendar year
– Lifetime Sharing Maximum from $100,000 to $2,000,000
– Number of office visits (1 to 10 pooled visits per year)
– Maternity coverage (optional)
– Cancer sharing options
All membership levels include access to telemedicine services, and most offer counseling services and discounts on dental, vision, and hearing services.
It’s important to note that some sharing options may not be available in all geographic locations or jurisdictions. Additionally, adoption and funeral sharing options are not available to Texas residents.
When selecting a plan, consider your healthcare needs, budget, and desired level of coverage. The MyShare option offers the most flexibility for those wanting to customize their healthcare-sharing experience.
Altrua HealthShare Membership Options
Altrua HealthShare offers multiple membership options designed to fit different healthcare needs and budgets. Below is a comparison of available plans.
| Feature | Diamond | Emerald | Sapphire | Ruby | MyShare |
|---|---|---|---|---|---|
| Monthly Contribution (starting at) | $356.00 | $318.00 | $173.00 | $136.00 | Varies |
| 1st MRA | $500 per person, per year | $1,000 per person, per year | Not specified | $7,500 per person per calendar year | $0 - $10,000 |
| 2nd MRA | 25% up to $2,500 | 25% up to $2,500 | Not specified | Not specified | Customizable |
| Annual Limit | No annual limit | No annual limit | $250,000 | $150,000 | Customizable |
| Lifetime Maximum Sharing Limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $100,000 - $2,000,000 |
| Pooled Office Visits | 6 per member | 6 per member | 6 per member | 6 per member | 1-10 (customizable) |
| Unlimited Telemedicine | Yes | Yes | Yes | Yes | Yes |
| Maternity Sharing | Yes | Yes | Not specified | Not specified | Optional |
| Adoption Sharing | Yes | Yes | Not specified | Not specified | Not specified |
| Cancer Treatment Sharing | Yes | Yes | Yes | Yes | Optional |
| Laboratory Services | Yes | Yes | Not specified | Not specified | Not specified |
Note: The MyShare option is highly customizable, allowing members to tailor their plan to their specific needs and budget. Some features may vary based on location and jurisdiction. Adoption and funeral sharing options are not available to Texas residents.
Comparison of Altrua HealthShare with other health sharing plans
Altrua HealthShare vs. Other Plans
### Monthly Contributions
Altrua HealthShare offers competitive monthly contributions:
– Ruby: As low as $136.00/month
– Sapphire: As low as $173.00/month
Compared to other plans:
– Liberty HealthShare: $89-$369/month for individuals
– OneShare Health: $173-$571/month for individuals
– Medi-Share: Varies, but generally higher than Altrua
### Annual Limits and Lifetime Maximums
Altrua HealthShare:
– Ruby: $150,000 annual limit, $1 million lifetime maximum
– Sapphire: $250,000 annual limit, $1 million lifetime maximum
Other plans:
– Liberty HealthShare: $300,000-$1 million per incident
– OneShare Health: $500,000 per incident, $1 million lifetime
– Medi-Share: No annual or lifetime limits
### Member Responsibility Amounts (MRAs)
Altrua HealthShare:
– Ruby: $7,500 1st MRA per person, per year
– Sapphire: $1,500 1st MRA per person, per year, plus 25% 2nd MRA up to $2,500
Other plans:
– Liberty HealthShare: $1,000-$20,000 Annual Unshared Amount (AUA)
– OneShare Health: $5,000-$10,000 Individual Sharing Amount (ISA)
– Medi-Share: Varies, called Annual Household Portion (AHP)
### Unique Features
Altrua HealthShare:
– 6 pooled office visits per member
– Unlimited telemedicine
– Cancer treatment sharing
Other plans:
– Liberty HealthShare: Offers dental and vision options
– OneShare Health: Includes mental health services
– Medi-Share: Offers a large provider network
### Pre-existing Conditions
Altrua HealthShare: it does not cover pre-existing conditions
Other plans:
– Liberty HealthShare: 1-year waiting period, $50,000 sharing maximum during years 2 and 3
– Zion HealthShare: 1-year waiting period, gradually increasing sharing limits over years 2-4
### Preventive Care
Altrua HealthShare: Included in pooled office visits
Other plans:
– Liberty HealthShare: Annual wellness visits shareable up to $400
– Zion HealthShare: 1 free annual office visit, some preventive services after 6 months
Frequently Asked Questions About Altrua HealthShare
Is Altrua HealthShare insurance?
No, Altrua HealthShare is not insurance. It's a health care sharing ministry that facilitates member-to-member sharing of medical expenses.
How does Altrua HealthShare work?
Members make monthly contributions to an escrow account. Eligible medical needs are then shared among members from this account.
Are there deductibles?
Altrua HealthShare doesn't have deductibles. Instead, they use Member Responsibility Amounts (MRAs) that vary by membership type.
Is maternity coverage included?
Yes, maternity is included in Diamond, Emerald, and MyShare (when selected) memberships after 90 days of membership. There's a maximum sharing limit and a separate MRA for maternity.
Can I use any healthcare provider?
Yes, Altrua HealthShare members can visit any provider or facility of their choice. There's no restricted network.
Is Altrua HealthShare exempt from the Affordable Care Act?
Altrua HealthShare is recognized as a Health Care Sharing Ministry, and members are eligible for exemption from the ACA tax penalty.
How do providers get paid?
After a medical need is processed and deemed eligible, payment is sent directly to the provider from the membership escrow account.
Can I have both Altrua HealthShare and traditional health insurance?
Yes, you can have both. Altrua HealthShare can be used to share in portions not covered by your insurance. Altrua is always considered the last resort for sharing medical needs.
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Blake Insurance Group
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Blake Nwosu
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