FAITH BASED MEDICAL SHARING COVERAGE
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Catastrophic Healthcare Plan

We often worry about the cost of hospitalization and life-saving procedures. People are often concerned that they cannot afford such expenses, despite their clear benefits. Typically, you live a healthy lifestyle. You eat right. You exercise. What happens if an accident occurs? Are you prepared? A catastrophic healthcare plan provides peace of mind for you and your family. With the high costs of medical treatment today, you need a cost-sharing plan best suited to your individual needs.

Are You a Candidate for a Catastrophic Healthcare Plan?

A catastrophic healthcare plan is ideal for those who want assistance paying for an unforeseen medical emergency. If you otherwise require little to no healthcare, preparing for a significant event is a sound investment. With the rising cost of healthcare, it only makes sense.
Generally, doctor’s visits and prescription medications are not eligible for cost-sharing policies. Anyone who visits their physician’s office regularly, or those with a pre-existing condition, should consider a different type of plan, first and foremost.

How Catastrophic Healthcare Plans Work

Cost-sharing healthcare policies work similar to traditional insurance policies with deductibles. You, as a member, pay until the Member Shared Responsibility Amount (MSRA) is achieved. Then, once you pay the full amount, you are eligible for cost-sharing in the event of hospitalization, surgical, or emergency room expenses. The amount you pay as a co-expense for your visit is then applied to the MSRA.
Monthly premiums vary depending on age and your chosen MSRA. For an individual with a basic MSRA, the cost per month is relatively inexpensive, at around $125.00 to $188.00 per month. As the MRSA rises, the monthly premium may lower slightly.
Catastrophic healthcare policies combine low prices with ideal hospital benefits – the best of both worlds. Speak with an expert at Medical Sharing if you have any questions!