Obamacare vs. Healthcare Sharing Plan Comparison
Benefits
Obamacare/ACA CA Health Insurance
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No restrictions based on pre-existing conditions. Guaranteed approval
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Unlimited lifetime coverage
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You can get help paying for your monthly health insurance premium through a federal tax credit/subsidy if you make less than 400%FPL
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There additional tax benefits such HSA accounts and tax deductible premiums
Healthcare Sharing Ministries
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The monthly cost is typically less expensive if you do not get a subsidy
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Lower annual costs and up front out of pocket medical expense
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Families can share their medical costs by being members of the healthcare sharing plan
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Avoid the ACA tax penalty for not having health insurance
Drawbacks
Obamacare/ACA CA Health Insurance
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Monthly premiums can be expensive and experience high rate increase annually
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Some of the plan networks may be narrow
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Plans vary by state
Healthcare Sharing Ministries
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Lifetime or annual caps on coverage
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You can’t use a HSA
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You need good health to qualify