First, a disclaimer. I am not an expert on this subject nor do I get any affiliate fee or commission. This is just something I think all school owners should know about.
This Friday is the Obamacare deadline to proof you have insurance or pay a stiff penalty.
If you’re like most school owners, health insurance has become more of a financial burden than a security blanket. There are alternatives to the government forcing Americans to buy health insurance. They’re called Christian Healthcare Ministries (CHM). A CHM is not an insurance company. It is a nonprofit “health care sharing ministry.”
A CHM is an organization where members contribute an agreed upon amount each month to a central pool of funds. These funds are used to pay member’s medical bills when they arise. It’s not health care, but health share and members are exempt from the Obamacare taxation penalty.
It’s estimated that over 1-million people are now opting out of Obamacare in favor of CHMs.
There are many CHMs, so do your research. For the past three years, I’ve been using Liberty Health Share.
I pay $157 a month for 70% coverage. So if I have a $1,000 bill, $700 is funded by the members, and I pay $300. Other plans cover up to 100%. I’ve never had a claim, but a friend of mine who runs a school has been a member for two years. When a family member recently had a heart attack, Liberty paid the $50,000 bill.
As good as that is, and it’s been really good for me, it may not be for everyone. Do your research.
For me, CHMs are a gateway to a time when the relationship with your doctor was one-on-one, not held hostage by the goverment imposing a ransom.
I have a doctor that I pay $60 a month. That’s it. I can see him once a year or once a week. When I pay his bill, I forward the invoice to Liberty, and they reimburse me for the payment out of my $157. So, it’s not $157 + $60. It’s $157. Period.
If I need a chiropractor, there is one nearby who charges a flat $25 per month. There is a world of self-pay or direct-pay providers that typically are much less expensive and work on a membership model like we do.
CHMs have been around for decades. Sharing the needs of your community VOLUNTARILY is a staple of the Christian lifestyle as opposed to a king taxing the peasants for not buying health insurance plans that have skyrocketed.
If you’re so inclined, check the program out at LibertyHealthShare.com.