By now you are likely very confused about the future of your healthcare insurance coverage. Coverage that has become both more costly and of lower quality than what you may have had before the whirlwind of this new “not so affordable” Affordable Care Act. The next question you may be asking is how can I bypass Obamacare?
Obamacare will undoubtedly become the single most important decision you will make in the years to follow. Your healthcare choices are not only dwindling at the speed of sound, but also the payments in which you may or may not be able to afford are now mandatory. This could put a tremendous strain on your budget and conflict with your moral standards.
Below I have put together some different alternative to bypass the Affordable Care Act. If you are struggling with the outrageous prices or if you do not feel morally comfortable with issues like abortion, then this may help.
1. Join a health care sharing ministry.
These are voluntary, charitable membership organizations that agree to share medical bills among the membership. They function similar to insurance, and are probably the best alternative to conventional health insurance. There are at least four of them currently.
These options are open only to practicing Christians (Samaritan Ministries, Christian Healthcare Ministries, and Christian Care Ministry). The fourth, Liberty HealthShare, is open to anyone who agrees with their ethical commitment to religious liberty. They operate entirely outside of Obamacare’s regulations, and typically offer benefits for about half the cost of similar health insurance. Members are also exempt from having to pay the tax for being uninsured.
2. Buy a short-term health insurance policy.
These policies usually last between 1 and 11 months (6 months seem to be standard) and are not regulated under Obamacare, and therefore don’t offer the same high level of benefits that can drive up costs. Deductibles are available that are higher than what is allowed with Obamacare-compliant health insurance, leading to further savings.
They can typically be renewed at the end of the policy, although it is a new policy that won’t cover any conditions that occurred under the previous short-term policy. One limitation is that they often can’t be renewed over and over again, it looks like 3 years of coverage is about the maximum. But they are much less expensive than conventional health insurance, and can be a good option for covering major medical expenses.
3. Buy alternative insurance products like fixed-benefit, critical illness, or accident insurance.
These policies pay cash in the event you are diagnosed with cancer, spend a night in the hospital, or need some other medical treatment. They cost a fraction of what health insurance costs under Obamacare, and by giving you cash directly you aren’t locked in to any particular provider network. Another thing to do is to max out your medical and uninsured/under-insured driver coverage amounts under your auto insurance policy, which can pay medical bills if you are hurt in a car accident.
For those of you who have middle-class income and no religious preferences, your best bet is to open a business to deduct losses against your income to qualify for a subsidies (reduced rate on Obamacare). This option can be done with little effort and is playing a major role as the penalties and loss of private healthcare coverage devastate individuals and families alike.
Many Americans will make just enough not to qualify for any help, but will struggle greatly under the weight of taxes and the mandatory healthcare coverage.