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In this post, I am going to do a comparison of Altrua Healthshare and Sedera.
I will go over member responsibility amounts (what member’s pay before the community shares in any medical bills), monthly costs (this is dependent on age, individual/family memberships, and the Member Responsibility amount you choose), preventative sharing, pre-existing conditions, maternity, turnaround time to pay medical bills, and any special considerations to be aware of.
Member Responsibility Amounts
Altrua Healthshare Member Responsibility Amount (MRA): For the first MRA, it is $500 (Diamond Plan), $1000 (Emerald Plan), $1500 (Sapphire Plan), or $7500 (Ruby Plan). For the second MRA: If the member is on the Ruby Plan, the member is responsible for 50% of the next $10,000 per member ($5,000 maximum) if the licensed medical professional/facility is non-affiliated. If the member is on the Sapphire, Emerald, or Diamond Plan, the member is responsible for a maximum of $2,500 to the licensed medical professional/facility (maximum of $5,000 if Medicare Plus 25% isn’t accepted and licensed medical professional/facility is non-affiliated).
Sedera Initial Unshareable Amount (IUA): The Initial Unshareable Amount (commonly known as the “IUA”), is the amount the member would need to pay before the HealthShare will “share” in any medical expenses. Sedera has five IUA amounts to choose from: $500, $1000, $1500, $2500, and $5000.
Monthly Contribution Price Range
Altrua Healthshare: $105 to $900
Sedera: $113 to $1,713
Statement of Faith
Altrua Healthshare:Must agree to a “Statement of Standards” – These are based on ethical and religious beliefs, including no sexual relations outside of marriage.
Sedera: None – They accept people of all faiths.
For more detailed information on faith-based requirements, please read this post about Christian HealthShare Plans.
If you prefer a HealthShare that has no religious requirements, please read my post about Secular HealthShare Plans.
Preventative Sharing
Altrua Healthshare: Emerald and Diamond plans allow members to go to an annual wellness visit. Members would need to pay $35 and the visit is shareable up to $300.
Sedera: Routine childhood immunizations are shareable. Diagnostic colonoscopies and Diagnostic mammograms are shareable after an IUA is paid – some restrictions may apply (age, need, reasonable cost, etc).
Pre-Existing Conditions
Altrua Healthshare: There is a 2-5 year waiting period, depending on what the pre-existing condition is.
Sedera: 1 year waiting period (nothing shareable related to the pre-existing condition, up to $15,000 shareable after the first year, up to $30,000 shareable after the second year, and fully shareable after the third year.
For more detailed information, please read my post about How The Top HealthShare’s Handle Pre-Existing Conditions.
Maternity
Altrua Healthshare: Members must be married in order to have maternity and newborn needs shared. The lower cost plans (Ruby and Sapphire) do not share in any maternity needs. Whether you are on the Emerald or Diamond plan, the member would need to pay a $5,000 member responsibility amount for maternity needs.
Sedera: Medical expenses for childbirth that have an expected delivery date within the first 12 months of membership are not shareable. Normal vaginal deliveries and emergency Cesarean section deliveries have a total Initial Unshareable Amount (IUA) of $5,000. Non-emergency/elective Cesarean section deliveries have a total IUA of $7,500. The standard IUA levels of $500 – $5,000 do not apply for Maternity Needs.
Feel free to learn more at The Top HealthShare’s Maternity Benefits (Comparison Guide).
Turnaround Time for Paying Medical Bills
Altrua Healthshare: 30-45 business days
Sedera: 30-60 days
Considerations
Altrua Healthshare: There is a lifetime limit of $2 million per member.
Sedera: No single need may consume more than one third of the total number of shares available in a given month. This can result in a medical need being capped, but it is at an unknown amount since it is dependent on how many people contribute each month. Also, members are Required to join with an association, company or other grouped billing.
Which Health Share Plan Should You Join?
Choosing a Health Share plan is a very personal decision. Feel free to check out Altrua HealthShare Reviews and Sedera Reviews. I provide a lot more information on each Health Share and you can read reviews from other members.
There are so many different Health Share plans to choose from, which is great, but it can also be overwhelming! To help narrow down your choices, I wrote an article on the Best Health Share Plans. You will find which health share plans I recommend to help you on your search for affordable healthcare.
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