What is Altrua HealthShare?

November 21, 2017

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Lauren
Lead Copywriter

At KindHealth, our goal is to get people covered. That’s why in addition to marketplace health insurance plans, we also offer a low-cost alternative from Altrua.

Altrua is a “nationwide faith-based health sharing organization in which members share in each other’s medical needs.” Health sharing is NOT insurance and it is NOT part of the Affordable Care Act, which means you can buy it at any time of the year. However, if you do purchase an Altrua plan, you do NOT have to pay the ACA penalty.

This is how Altrua works: members pay into an escrow on a monthly basis (your monthly premium) and when you receive medical care, the doctor submits a claim to Altrua and Altrua pays the bill. Not everything is covered, but most basic medical care is, such as doctor visits, childbirth and prescriptions. Plans typically range from $100-$200 a month.

Altrua is not right for everyone, but it could be the best fit for:

A.) People who need it for basic medical service or only want to cover a catastrophic event.
B.) People who do not have any major preexisting conditions
C.) People who agree to Altrua’s statement of standards

When you sign up for a plan with Altrua, they require you to agree to a statement of standards in line with their faith. It’s important to remember that because Altrua HealthShare is ACA exempt, they do not follow the same rules as other carriers. You might notice that Altrua’s rates are inexpensive. That’s because they limit membership to people who are generally healthy, which means Altrua pays less for medical expenses and can pass that savings on to members. 

KindHealth does not take a stance on ANY plan that we sell. We are apolitical and unbiased; we strictly want to offer different and affordable options during a challenging time in health insurance.

If you have any additional questions about Altrua and health sharing, please call us at 1-888-871-3864.