Understanding why a healthshare is less expensive than health insurance is simple: you have a team of people who assist you in getting the best care at the right cost.
Healthshares offer a concierge service. This is a team of professionals who help you make decisions about your health and guide you to the most cost-effective options.
While insurance companies will just pay the rate the hospital asks for, healthshares are free to find the provider with the best rate and use them, further driving down costs.
They have access to “fair medical pricing”, you will always know what the true cost of an MRI, xray, biopsy, surgery etc. is for the city you reside in.
How much can I save?
A typical savings for health-conscious individuals is around 40%. For families, it can be as high as 70%. The savings are on the monthly premium and the deductible, or the “member contribution” and “member responsibility amount” in healthshare terms.
Of course, every circumstance is different, and savings will vary from person to person. You can head over to our PLANS page and review your options, or you can check out our SAVINGS CALCULATOR to see the money-saving potential of your new healthshare plan.
If you are a self-employed person, you know how challenging it can be to find affordable healthcare.
And, you may have heard that healthshares can cost a lot less than a traditional insurance plan.
But you’re probably wondering what a healthshare is if it’s not insurance. And, you’d like to know if there’s a catch.
After all, if it sounds too good to be true…
So, let’s talk about what a healthshare is, how it saves its members money, and how it’s different from conventional health insurance. Starting with the most obvious question…
What is a healthshare?
Instead of paying a premium and deductible with additional out-of-pocket costs throughout the year, a healthshare is made up of members who pay a monthly contribution to the community. The community shares the costs of a medical need after the member pays their “responsibility” or set amount.
Health insurance and healthshares share the same basic principle: to make the cost of healthcare predictable – mainly when unexpected health problems arise. But, there’s a big difference too.
Years of Healthshare History
healthshare members & growing
in benefits paid
What is the difference between a healthshare and health insurance?
By being a member of a healthshare, you are taking a proactive approach to managing your healthcare needs.
You are more than an ID card with a healthshare
You are a person needing care, not based on claim codes and networks.
Instead of calling your provider or rushing to urgent care for that sprained ankle, you would use the healthshare app or a care team number.
If you are in extreme pain, or a life threatening emergency, go directly to the ER or call 911.
The team will help navigate the best course of care at the right cost. They might provide an order form for you to go directly to an imaging center and get an xray,
A provider will follow up with you to explain if that injury was more than a sprained ankle and what the next step would be. Along the way you have access 24/7 to speak with a medical team member. Depending on the healthshare this entire process might be included in the plan. Cost to you $0.
You will always know the fair medical price for any imaging, procedure, labwork etc.
If that ankle is fractured requiring surgery, you are responsible for a set specific amount, typically $1,000 or $2,500. This is the portion you owe and the remainder will be negotiated and paid from the “community” pool.
This is transparency, you know the cost up front and no surprises of unexpected fees.
Here’s another great example: let’s say you have seasonal allergies and you need a prescription once a year so you can get some relief. With an insurance plan, you’ll go into an office, speak with a receptionist, who will then put you in an exam room so you can see a nurse, and then, finally, your physician.
Your healthshare will connect you with a provider either by phone or virtually. You won’t pay for the office, receptionist, exam room or nurse. You’ll only see the doctor – who will write you the same prescription.
Practices like these dramatically reduce the cost of “everyday” medical care. That means there’s a lot left over in the pool for major medical expenses and emergencies. So, your monthly contribution remains small and affordable.
What’s Included In A Healthshare?
A healthshare doesn’t function like traditional insurance, but it still keeps you healthy and safe. No one expects to break a leg, have an emergency appendectomy, or be in the hospital recovering from an unexplained illness. Healthshares are in place for the expenses you know are coming, but will also provide peace of mind for those unexpected moments that happen to us all.
One way healthshares save on expenses is by leveraging tele-health. With a health share, you don’t have to leave the comfort of your cozy bed to head over to the ER or spend time tracking down your doctor for a prescription. All can be done from home, even in the middle of the night.
indipop plans may include:
Discounted or inclusive primary care visits
Discounted prescriptions – some prescriptions can be free based on usage and need
Mental and behavioral health support
Pediatric care and annual wellness
- HSA- Health Savings Account
How do I know my healthshare will pay for the medical expenses I need?
One of the difficulties with healthshares is that they can differ significantly from one to the next. Unlike insurance, there is no mandate from the government saying what a healthshare must cover. Each plan and provider constructs their plan to fit their members’ unique profile. Finding the right healthshare can be a time-consuming process.
That’s where indipop comes in.
Our SEE PLANS page will help you find the right plan based upon your commitment to your health, age, prescription needs, family situation and other factors.
indipop doesn’t just help you find your plan; we stay with you, providing valuable perks and ongoing guidance. You can find out more ABOUT indipop here.