According to the Center for Medicare and Medicaid Services, U.S. health care spending grew 9.7 percent in 2020, reaching $4.1 trillion or $12,530 per person. Medical bills are a factor in 18% to 26% of all bankruptcies. According to the Kaiser Family Foundation, the average annual cost of health insurance in the USA is $7,739 for an individual and $22,221 for a family as of 2021.

Health insurance costs keep rising year after year, and that’s why you’ll find that over a million Americans have switched to Healthcare Sharing organizations. Let’s find out where the savings come from.

Impact Health Sharing is a not-for-profit, not a big corporation. Healthcare Sharing organizations facilitate sharing health care costs among individual members who have common ethical and religious beliefs. Our members are motivated by savings, not profit.

Impact saves you money because it is a community that leverages its buying power to lower costs for all members. Healthcare Sharing is exempt from the mandates in the Affordable Care Act, which means Impact is not required to offer all of the items an ACA plan does, keeping costs low.

Impact saves you money by discounting your medical bills for you, and we take the difficult part out of your hands so you can focus on getting well or taking care of a sick loved one. So how does the billing process work when you have Impact Health Sharing? 

Impact processes bills in the order in which they are received. To make sure your bill gets processed, you must present your member I.D. card to your provider at the time of service. In some cases, you will also need to pre-notify Impact of an upcoming procedure.

The volume can vary from day to day, and the amount of time it takes to determine eligibility for a bill can also vary. It is Impact’s goal to process bills within 30 days of receipt.
 

Telehealth

Virtual visits with doctors have $0 provider fee with Impact membership, and they are available anytime and anywhere. No more late-night trips to urgent care or bringing your healthy kids to your unwell child’s doctor’s appointment. With Telehealth, you can speak to a doctor without leaving your home and have prescriptions called in quickly.

Visits for severe issues at an urgent care facility can cost about $130 or more on average, and the average emergency room visit costs at least $750. Telehealth can help you save on cash, especially if you haven’t met your deductible or annual shared amount.