The 4 Buckets of Health Insurance

ACA (Obamacare)

PRO's

• Cover 10 essential health benefits

• Allow pre-existing conditions

• Recognizable brand names

• in "theory" cover catastrophic claims

CON's

• $8,700 deductible can be common

• Require out-of-pocket $ first

• Limited Options

Short Term Medical

PRO's

• More affordable than ACA plans

• Familiar structure to ACA plans

• Can be effective "bridge" coverage

• Variety of carrier & plan options

CON's

• Need to qualify based on health

• Written for short periods

• Not all states allow them

Christian Health Share Ministry

PRO's

• Have look and feel of ACA plans

• More affordable than ACA plans

• Sense of community, faith based

• Variety of carriers and options

CON's

• Health sharing, not insurance

• Claim coverage not guaranteed

• Need to qualify based on health

• Find the right organization

Indemnity

PRO's

• Pay first dollar benefits

• Affordability & Stability of premiums

• Great flexibility in doctors

• "Excess Indemnity Paid"

CON's

• Need to be fairly healthy

• Unfamiliar structure to some

• Be engaged consumer

• Carrier Selection Critical