A pre-existing condition is any medical condition for which you experience signs, symptoms or treatment before joining Christian Healthcare Ministries (CHM).Assuming that interest rates rise enough for me to retire at the end of this year, I will already be seventeen months away from that surgery, and at least fourteen months of "maintenance" treatment, assuming that taking blood pressure medications alone constitutes maintenance. Short of a valve failure (which seems most unlikely in the next fifteen to twenty years), it would seem that this solves my problem. The cost is about $150 per person per month, and you are expected to pay the first $500 per illness or incident out of pocket. Since there are few illnesses that end up being that expensive, this is roughly equivalent to a catastrophic policy.
We distinguish between pre-existing conditions in "active" treatment and conditions in "maintenance" treatment. Medical bills cannot be shared if, at the time you join CHM, the bills are for pre-existing conditions that are actively undergoing treatment other than with maintenance (routine) medications. After the incident is over and your doctor states that you are on a maintenance treatment regimen, bills for any new incident related to the pre-existing illness are eligible for sharing according to the information below.
If these criteria are met, Gold level members can receive assistance with medical bills for pre-existing conditions according to the following schedule:
• In the first year of participation, bills incurred for a pre-existing condition are eligible for sharing up to $15,000.
• In the first two years of participation, bills incurred for a pre-existing condition are eligible for sharing up to $25,000 ($15,000 during the first year plus $10,000 during the second year).
• In the first three years of participation, bills incurred for a pre-existing condition are eligible for sharing up to $50,000 ($15,000 during the first year plus $10,000 during the second year plus $25,000 during the third year).
• After the third year of participation, the condition will no longer be considered pre-existing.
Thursday, March 13, 2014
Health Cost Sharing Ministries
I mentioned a few months back Samaritan Ministries, a health cost sharing ministry that is an alternative to health insurance -- and quite a bit less expensive than going through the exchanges. Unfortunately, my heart would qualify as a pre-existing condition, so this did not make sense for me after I retire. However, Christian Healthcare Ministries is a similar health cost sharing system, with a somewhat more useful pre-existing condition arrangement: