Medi-Share Cost
The Medi-Share cost system differs from the classic health insurance model. Here, you don’t pay premiums; you pay monthly shares. This share amount is determined by age, family size, and the chosen Annual Household Portion (AHP) level. AHP is similar to the deductible concept in insurance. The member initially covers eligible health expenses up to the AHP amount during the year.
Medi-Share Average Cost
The Medi-Share average cost is not fixed; it varies for each member. Costs increase with age and household size. Choosing a lower AHP results in higher monthly payments, while choosing a higher AHP results in lower monthly payments. For a young, single individual, the monthly share might be under $100. For middle-aged groups, it can rise to several hundred dollars. In family plans, amounts can range from $300 to $900.
Medi-Share Cost Per Month
The Medi-Share cost per month refers to the monthly share. This is not an insurance premium; it’s a co-payment. For a young couple, the monthly share might range from approximately $211 to $506. If a higher AHP is chosen within the same age group, the monthly payment decreases. If a lower AHP is chosen, the monthly payment increases. As age increases, the monthly share gradually increases.
Medi-Share Cost for Single
The Medi-Share cost for single is the lowest cost group. If a young individual chooses a $12,000 AHP, the monthly share may be quite low. Choosing a $3,000 AHP increases the monthly share, but sharing starts earlier. Age is the most determining factor in single-person plans. The system can be economical for healthy and young members.
Medi-Share Cost for Couple
The Medi-Share cost for couple means two people are included in the same sharing system. As age increases, the monthly contribution increases. The total cost in couple plans is higher than in individual plans, but it can provide advantages compared to two separate insurance premiums.
Medi-Share Cost for Family of 4
The Medi-Share cost for family of 4 varies depending on the age of the parents. For a family of four with 49-year-old parents, the monthly share could be approximately between $362 and $898.
When AHP is selected at $3,000, the monthly payment increases. When $12,000 is selected, the monthly payment decreases. As the family grows, the monthly share increases, but in many cases it may remain lower compared to traditional family insurance.
Medi-Share Cost for Family of 6
A Medi-Share cost for a family of 6 means a higher monthly share. As the household size increases, the cost increases. However, since the system works on a family basis, the cost per person may be more advantageous than private insurance in some cases. When a high AHP is selected, the monthly payment decreases. In large families, the monthly share can start from a few hundred dollars and approach $1,000.
Medi-Share Cost Estimate
When estimating the Medi-Share cost, not only the monthly share but also other fees should be considered. There is a $50 application fee and a $20 membership fee. There is also a $2 sharing account setup fee.
A $35 provider fee is charged for doctor visits. This fee applies to telehealth and urgent care visits. Also, the $500 fee charged for emergency room visits is not included in the AHP. Therefore, the total Medi-Share Cost Estimate is determined by the monthly share, AHP, and additional fees.
Medi-Share Cost Sharing
The Medi-Share cost sharing system operates via AHP. Members first pay eligible healthcare expenses up to their chosen AHP amount. Once the AHP is complete, eligible bills are shared. There is a limit for pre-existing conditions. A maximum of $100,000 can be shared within the first three years.
The system does not impose a specific network requirement. However, using certain network doctors generally results in lower costs. Maternity expenses can be included in the sharing, but the AHP must be at least $3,000, and the membership must be active from the start of pregnancy until delivery.