How does this work with Medicare?Many senior citizens are very concerned with the new announcements they have heard about regarding cuts to Medicare. It is true that under Obamacare they are taking over $700 million from Medicare and allocating it to the Medicaid program. This means larger co pays and larger deductibles for most Seniors at a time when they can least afford it. It looks like we are robbing Peter to pay Paul (and Mary.)
That being said many Seniors are looking at supplemental insurance plans to fill the new gaps made in Medicare. While Medical Cost Sharing was not specifically designed to fill those gaps, some Seniors are finding that it works for them to join a sharing community and abandon supplemental insurance. (Click here for program pricing and options.)
It is important to understand that Medical Cost Sharing with our group will share in the medical expenses that are above and beyond what is paid for by Medicare. According to our founder and Executive Director Dale Bellis, "Anything above what Medicare pays, we share in the difference. Anything that Medicare does not pay, we share in. And what Medicare pays, contributes to the person's Annual Unshared Amount. And if a person is in the 70/30 Liberty Basic Program, Medicare contributions go towards the 30% as well. (according to the guidelines)" This is very helpful to many Seniors who are on fixed incomes.
Medical Cost Share may not be the best option for every Senior and every situation. But you owe it to yourself to make a needs assessment and a cost analysis. Determine how much control you want to have over your health-care decisions and then make an informed decision. We would love to work with you!