Medical cost-sharing is a cheaper and much more reliable method of acquiring medical services than the use of health insurance. Medical cost-sharing is found to have a couple of advantages that surpass that of health insurance. Below are some of the benefits one would enjoy when using medical cost-sharing as part of the alternatives to health insurance.

Self-Pay Option

A self-pay option is an option where the member gets to pay their medical expenses in cash or cheque. Despite the cost of the health service being provided to the patient, the organization that houses the patient in the medical cost-sharing services shall provide cash as a payment option directly to the hospital through the patient. However, where the medical sums up to a prominent figure, then the organization providing the medical cost-sharing services to the patient shall write a cheque in their name for the patient to give the payment directly in their names. This cuts down the bureaucratic processes which health insurance patients suffer when handling their medical bills. The Self-pay option also provides the patient with the freedom to choose wherever they want to receive their medical services. This is because there is no specific network of hospitals that limit the use of medical cost-sharing services.

Therefore, medical cost-sharing is currently the best alternative to health insurance.

Telemedicine

Telemedicine is the service where a member has unlimited access to board a variety of certified doctors and other medical staff of their choice by phone or any other verified means at any time of the day or night. These medical professionals are meant to assist the members by assessing their situation and offering them sound advice or even prescribe medications to the patients where necessary. Such services go a long way in saving one’s time which would have been otherwise spent by themselves physically visiting the hospitals. Similarly, these services keep members on some of the fees which would have been charged on them whenever they would have seen the hospital physically, such as consultation fees and the likes. Telemedicine, a feature in medical cost-sharing, comes in handy when looking at alternatives to health insurance.

Affordable

It is proven that the medical cost-sharing option is much more affordable compared to the health insurance options. This is made possible by the Low monthly rates posted by the companies that offer medical cost-sharing as an option. It is proven that those who use the medical cost-sharing method of catering their health bills tend to spend up to 60% less than what is usually spent by those who go for medical insurance. It does not matter how much you earn or get to make. What matters is that everyone gets to acquire quality health care at a lower price. With health being a need that everybody requires for a better and more comfortable life, it would only be fair enough to make the services affordable to all who require it.