Looking for health insurance but can not find an affordable option? We found this interesting, hope you do as well.
Americans continue to lose their insurance plans under Obamacare, and with 2015 open enrollment starting on November 15, those with cancelled plans will have to find new ones, or else pay the individual mandate tax. For 2015, the mandate penalty is the greater of 2 percent of annual household income or $325 per person.
Holly Johnson at U.S. News and World Report recommends that those facing insurance cancellations look at health care sharing ministries (HCSMs) before they head to the Obamacare exchanges. As of today, 300,000 Americans across the 50 states are enrolled in HCSMs, which share costs among those of similar religious faiths. Johnson explains:
In general, a HCSM is a nonprofit Christian group that allows members to pool funds in order to cover medical expenses.
The plans have different terms, but in general require that a person spend a cert ...
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