How to Choose a Healthcare Plan
Healthcare is complicated. HomePort's commitment is to help you understand enough about Healthcare Plans so you can make an informed decision. For specific questions, you should also go to our FAQ section.
Your Healthcare Plan Options
There are only five types of Healthcare Plans:
- Community Healthcare Plans (CHPs) are for all people. CHPs have a low cost and have the greatest selection of benefits and coverages.
- Federal ACA Plans are for people with major medical issues. ACA plans are very expensive and should only be purchased if you have significant, long term medical costs.
- Group Plans are a more expensive type of federal ACA plans that are offered by employers to employees as an employee benefits program.
- Medicaid is for people with incomes under about $30,000 per year.
- Medicare is for people 65 and older.
CHP Comparisons to ACA and Group Healthcare Plans
CHPs are not well known, however, church and fellowship organizations have offered CHPs to their members for years. Now, CHPs are available to you and your family, your company and employees in a more business-like manner.
Here are some of the CHP benefits compared to ACA and Group Plans:
- Price: CHPs start at about $100. About 50% less than ACA and Group plans.
- Deductibles: CHPs options are $500 to $2,000. Compare to a ACA and Group Plan of $6,000 to $8,000.
- Co-Insurance: CHPs have no Co-Insurance. Compare to ACA and Group Plans with $1,000 to $8,000.
- Flexibility: CHPs are personalized for each individual and family. ACA and Group plans cannot be customized for an employee or the employee's family.
- Choose your own doctor: With a CHP, any Medical Provider is OK. ACA and Group plans have limited "In-Network" doctors.
- Prescription Medication Subsidy: With CHPs, you can receive subsidies to lower your medication costs. Receive subsidies up to $5,000. Also, you can purchase discounted prescription medications from local pharmacies and by mail order. No Co-Pays. Compare to ACA and Group Plans, many which do not cover prescription meds or offer subsidies. In addition, most ACA plans require you to pay a deductible before you receive any benefit.
- Dental and Vision: With CHPs you can receive subsidies to lower your Dental and Vision costs. Receive subsidies up to $5,000. Independent Dental and Vision companies generally limit the benefit to about $1,000 and have other restrictive conditions. CHPs allow you to use any Dental or Vision provider. Many ACA and Group insurance plans do not include Dental or Vision coverages.
- Choice: CHPs coverages and benefits include most any conceivable medical treatment. ACA and Group plans have many exclusions.
- No Medical Qualifying: With CHPs pre-existing conditions are generally OK. With an ACA plan you can only purchase a plan during "Open-Enrollment", about 3 months of the year.
- Family-Friendly: CHPs can include family members at the same affordable price. Adding family members to an ACA plan doubles the cost with each family member. Group "Family" plans may not be available or, if available, are likely too costly to add family members.
- Affiliate-Friendly: CHPs can include part-time employees, 1099 affiliates and even volunteers. ACA and Group plans can only be offered to employees.
- Portability: With CHP, you can take your CHP with you, when you move or leave your employer. Also, there is no need for COBRA. With ACA and Group plans you lose your insurance.
- A Community "HSA-Style" Account: About 50% of your CHP Membership Fee is returned to you in the form of deposits into your Community Healthcare Savings Account (CHSA). Nothing like this with an ACA or Group plan.
- Employer Subsidies Are Optional: Because CHPs are so affordable, in most cases employers will not need to subsidize an employee's healthcare plan.
- Your Healthcare Advocate: With a CHP you have a "Healthcare Concierge", who can negotiate your medical bills and payment terms for you. This service may or may not be provided by an ACA insurance company or your employer.