Sedera offers a solution to medium to large size businesses compliant with ACA requirements.
Long before government programs and insurance agencies, healthcare was a communal entity. Health Care Sharing (HCS) is a 21st century term but the communal care concept is a longstanding value and tradition. Enter Sedera Health, a sharing community of businesses from all around the country that allows Christian and Non-Christian employers alike to lead the way in the medical cost sharing model.
“One of the driving factors in forming CEA was the desire to unite Christian business owners to find healthcare benefit solutions that take great care of employees, are affordable and align with Christian values. Sedera Health founder Tony Dale has done a great service in creating an innovative solution that meets these needs of Christian employers,” Paul Sherry, President of CEA.
Sedera Health is an HCS methodology that allows businesses with 3 or more employees a group health care solution that can fulfill the individual and employer requirements of the ACA.
Sedera Health facilitates the sharing of funds between its members with medical needs. Members share in each other’s health care needs. Sedera health care sharing is a voluntary benevolence membership. It is not insurance. Member companies are not purchasing insurance coverage by participating in health care sharing. By participating in Sedera businesses are neither promising their employees that their medical bills will be paid, nor are they taking on liability to pay those bills as a company. This may sound strange, but it is highly effective for its members and is why over 90% of the member companies renew each year. Member businesses are simply committing to provide money on a monthly basis (shares) toward the medical costs of other participating employees in the membership. In the same way, other member businesses are committing to share towards your employees’ medical costs.
Sedera’s health care sharing membership is not a substitute for insurance as defined by the ACA. To deal with the requirements of the ACA, member companies use a qualifying self-insurance plan administered by a licensed third-party administrator (TPA). This type of plan is referred to as Minimum Essential Coverage (MEC). The MEC, however, is only designed to take care of preventative care needs and, in some cases, to provide a framework for qualifying for a Health Savings Account (HSA). Member companies also participate in Sedera’s medical cost sharing community, so their employees have access to the assistance of many other members in handling the costs of medical incidents greater than $500. For most medical incidents under $500, members will pay out of pocket or via their HSA funds (if available).
Significant Cost Savings Possible
Companies and their employees save about 30 – 50% of the costs that are typically incurred with health insurance plans. Monthly shares are much lower than what is usually seen in insurance premiums.
CEA suggests that you speak to a Sedera representative to learn how they can help your company. Please contact: