Healthcare Costs are Accelerating, as We Reach a Post-Pandemic High
The average cost of US healthcare has been on a steady increase for several years. However, during this last open enrollment season, many families were surprised to see higher than average increases. Nationwide, the cost of healthcare is reaching post-pandemic high numbers. In fact, employers are projecting that their healthcare costs are shooting up by 7.7 percent in 2025.
This year will mark the third consecutive year that health benefit costs increase above five percent for companies. How can we navigate this new landscape and try to make smart choices for our families? Families hoping to achieve affordable rates should consider their options using previous years as a guide. In addition, they should consider what types of medical expenses they expect to be facing. Do they have mostly annual care visits? Or are there significant procedures on the horizon? Having an insurance policy that doesn’t allow for a range of care could lead to more costs than benefits.
How to Discern Healthcare Options
As we discern you healthcare options in the context of a post-pandemic high in healthcare costs, we need to get creative. It is important to consider alternatives to traditional health insurance, such as healthcare sharing ministries. At Solidarity HealthShare, Members save an average of six percent more on treatments than they would even at other healthcare sharing ministries, and more than 60 percent more than they would under a traditional health insurance policy.
For certain treatments (including mental health services and maternity care) the Solidarity advantage is unmatched. We are the only ministry that shares into unlimited visits for mental health therapy, including treatment for marriage and family counseling. Likewise, expecting mothers can receive affordable, holistic care that aligns with their values including the following:
- Specialist office visits (prenatal care)
- Childbirth/delivery professional services
- Childbirth/delivery facility services
- Diagnostic tests (ultrasounds and blood work)
- Specialist visit (anesthesia)
In total, women with Solidarity who pay $3,000 for treatments would pay $8,505 with traditional insurance for the same care. For something like knee replacement surgery, for example, Solidarity HealthShare would charge around $3,000 whereas traditional insurance patients would be expected to pay $29,102.50.
Leading the Way with Innovative Approaches
Solidarity also shares into the latest medical advancements, including regenerative therapies. In doing so, we help our Members avoid invasive surgeries, lower overall costs, and improve patient outcomes. Having the option to address medical issues in a personalized fashion rather than just submitting to standard of care helps gives our Members complete control over their healthcare decisions.
Solidarity patients can also reap huge savings by using Drexi, a pharmacy solution committed to securing lower prescription prices by removing costly markups and fees usually associated with prescription fulfillment. Drexi users pay medication prices 70 to 80 percent lower than the industry average, even for maintenance and preexisting conditions. In fact, Drexi offers its Solidarity users access to a cutting-edge online Drug Search tool across a wide network of more than 65,000 pharmacies allowing them to instantly compare local medication prices to cheaper alternatives based on price and distance.
Compare Solidarity to Your Other Options
To help you learn more about the wide range of affordable treatments accessible to patients at Solidarity, we put together this extremely helpful Comparative Table.
This shows how our comprehensive sharing compares to other options, as well as a breakdown of some common medical scenarios that our Members deal with. We highly encourage you to read through these resources, and see how our program stacks up with the other options available to you! You can also click the banner below to learn more about how our program works.
