|November 2021||Maximixe your HSA e-Newsletter||Vol. 17, Issue 16|
Getting the Most Out of Your Healthshare Plan in 2022
For people looking to save money on their healthcare, the first option is always to switch to a plan with a lower monthly payment. But changing plans isn’t the only way to save money, and downgrading your coverage isn’t always a good idea.
But by knowing your healthshare plan inside and out, it’s possible to not only lower your monthly payments, but also get healthier, strengthen your investments, and get a head start on retirement.
Here are a few ways to get the most out of your health sharing plan in 2022:
1.) Stay Healthy
The reason that healthshare plans are so affordable is that they don’t force people to pay for protection that they’re not going to use. But if you do get sick or injured, your healthshare plan could have a significant member portion that you’ll be responsible for.
To get the most value out of your healthshare plan, do what you can to stay healthy. Invest in fitness equipment and memberships, take advantage of telehealth benefits and avoid tobacco and excessive alcohol.
2.) Consider Direct Primary Care (DPC) in Addition to Health Sharing
If you’re trying to maintain your health, regular visits with your Primary Care provider are an absolute must. But with most health share plans, primary care visits are not qualified for cost sharing (with some exceptions).
Direct Primary Care (DPC) is a membership-based program that gives you ongoing primary care visits in exchange for a low monthly fee. DPC memberships can give you the preventive care that you need to stay healthy, without having to pay for an expensive insurance plan.
Now, you can get a healthshare plan that is custom-tailored to work with DPC. MPB Direct is among the most popular DPC plans that we offer.
3.) Know Your Membership, Inside and Out
As healthshare plans become more popular, they have also added new features, resources, and member programs that a lot of people don’t know about. In many cases, these new features are designed to keep members healthy, therefore reducing the financial strain on the cost-sharing community.
For example, OneShare Health offers a Member Assistance Program (MAP) designed to enhance members’ lives through online counseling, crisis help, peer support groups, and more.
Similarly, many Altrua HealthShare plans include membership to valuable discount programs, like Careington dental, Epic Heating, and QualSight LASIK. These programs provide members with savings as high as 50% compared to regular out-of-pocket costs.
4.) Consider a Whole-Family Membership
Individual healthshare plans are a lot more affordable than unsubsidized insurance, but the savings are even greater when you’re enrolling the whole family. Some healthshare programs have family plans for as low as $399 per month for a family of four.
With most healthshare plans, the entire family is covered under one Annual Household Portion or AHP. That means that you only have to pay that portion once, no matter how much cost sharing your family might need for the year.
5.) Double-Check Your Rates
Just like health insurance, your healthshare rates are subject to change from year to year. In some cases, these changes can be significant, and sudden. That’s why it’s a good idea to pay attention to your membership. You should get a notice if your monthly contribution is going up, but it never hurts to double-check yourself.
If you end up needing to switch to a more affordable healthshare, your Personal Benefits Manager can help.
6.) Stick With Us for All Your Healthshare Needs
Our Personal Benefits Managers are top-of-the-field experts when it comes to medical cost sharing. We do everything we can to stay informed, from tracking rates to analyzing new plan options. If you have questions about your plan, or if you’re ready to make a change, just give us a call.
Click here to schedule an appointment, or call 800-913-0172 to get started.
To your health and wealth,
Wiley P. Long, III
President - HSA for America
The HSA for America Maximize Your HSA Newsletter is published monthly and emailed to subscribers at no charge. Subscribe now to stay on top of the critical information you need to know about health insurance, healthshare plans and managing your finances to achieve financial security.
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