FAQ

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Membership

What is Knew Health?

Knew Health is a new kind of company. Knew Health is health cost sharing, an alternative to health insurance managing healthcare costs. As a Knew Health member, you join a community of health-minded individuals who have the freedom and control to be actively engaged in their healthcare decisions.

What are the advantages of becoming a Knew Health Member?

Glad you asked! You get 24/7 Telemedicine: free with membership. Access to licensed providers in your state within minutes of your request by phone or video chat to address any medical issue you are concerned with. 2nd opinion services free with membership to make sure that your diagnoses are accurate and that procedures are necessary and appropriate. Discounts on supplements, labs, wellness resources. And we’re always adding more. Because more is always better.

Want to know more about our medical cost sharing partner, Sedera?

Sedera is one of the most successful and experienced medical cost sharing programs available. In partnering with Sedera, our members benefit from their 22 years of experience and we are able to offer individuals and families a non-faith based program that will negotiate bills on their behalf and share the financial burden of unexpected, costly medical events. 

Sedera has processed over $23.3 million in medical bills to date and averages a 53% savings through bill negotiations. And the best part is that most members are saving between 30-70% on their monthly costs using this service versus equivalent health insurance premiums!

Is there a penalty for not having insurance?

There is no longer a fine for not having health insurance under the Affordable Care Act(ACA). You don’t need an exemption in order to avoid the penalty.

There are some states in the US which have state-level mandates and associated tax penalties for not having qualified insurance coverage. Each Member will need to understand their state level requirements, any associated penalties, and make the decision that is best for their individual case.

Getting started

How much does Knew Health cost?

Membership options start as low as $169 a month!
Visit our Savings Calculator to find the membership that works best for you!

How do I know how much I’ll pay?
Our online savings calculator can give an instant quote, it only takes 30 seconds!
How can I sign up?

Just click here. We’d love to have you part of our Knew Health community.

What is an IUA?

Before sharing with the community, a member has to meet his/her IUA (=Initial Unshareable Amount). An IUA is the amount a member pays before a Need is eligible for sharing. 

Individuals will pay no more than 3 IUAs per year. Families will pay no more than 5 IUAs per year. If these limits are met, future medical Needs can be shared fully with the community without the member being responsible for the IUA

What is a Need?

When Members incur medical expenses there is simply a medical need. A Need is one or more medical expenses caused by a SINGLE accident, illness, or pregnancy. Members send proof of their medical expenses to Sedera where they are evaluated according to the Guidelines. Qualified needs are then designated for sharing based on the amount of shares collected from the Member each month. Once processed, the member will receive a check in the mail or a direct deposit, it’s that easy!

Medical cost sharing

What is health cost sharing?

Instead of paying monthly premiums to an insurance corporation, you contribute monthly to a shared Community fund. If medical needs happen, your expenses are shared through this Community fund. This is the way monthly costs are lower than typical insurance premiums, saving you 30-70% on healthcare.

So how does it work?

When members join, they will select their monthly contribution amount along with an Initial Unshareable Amount ($500, $1500, $2500, or $5000). Their monthly contribution goes towards the sharing community fund and an IUA is the amount that the member will be responsible for in the event of an unexpected illness or injury .

 

For example: Let’s say a member chooses the $500 Initial Unshareable Amount (IUA) and the monthly contribution associated with that IUA. Each month, this member shares their contribution, which goes towards our Community fund. Then, if this member has an accident and breaks their leg for example, and the estimated costs associated with this injury total $5,500, this is how the payment process would be broken down: 

 

Step 1: As these costs were due to an unexpected injury, this member submits these costs to Sedera for sharing. 

Step 2: The costs will first go through bill negotiation, reducing the total bill from $5,500 to $2,500 (we average over 53% reduction costs!). 

Step 3: The member is then responsible to pay their chosen IUA ($500 in this example) 

Step 4: The member receives a check for $2,000 from the Community fund to cover the remaining medical costs from this ‘Need’ (a medical expense is referred to as a medical need) .

 

The medical Need is resolved with the member paying a total of $500 vs the original $5,500 estimated cost. Great, right?

Is the health cost sharing approach new?

Actually, no. Health cost sharing has a 22-year history, with over a million members sharing over a billion healthcare dollars. It’s been an effective, fair and humane way for people to feel secure about health care costs. The only catch is that only religious communities have used the medical cost-sharing approach until now, with religious rules and restrictions. And that doesn’t work for everyone. That’s why we created Knew Health. We’re the first inclusive health cost sharing community offering medical cost sharing along with many additional health sharing.

Why is Health Cost Sharing a better option?

Do you like saving money? Well, that’s better. Knew Health keeps your monthly costs low. We safeguard you against unexpected medical bills, to keep these from causing you financial devastation. And better, you’re totally in charge of your health care – you’re the boss. And you have the freedom to choose your own health resources to stay healthy. And we help you save by giving discounts on supplements, labs, wellness resources, and more. Sounding better already, doesn’t it?

What expenses are covered or shared?

New illnesses, new injuries, immunizations for children under 18. Maternity costs including prenatal, delivery, postnatal are covered after 1 year of membership, and standard screenings like mammograms and colonoscopies*.

* Some limitations may apply, contact us with any questions.

What expenses are not covered or can’t be shared?

Here’s a good way to think about it: expected costs are not covered. These include general wellness, preventive care, maintenance medication.

Is there any cap or maximum on sharing?

There are no lifetime maximums, monthly caps, or other limitations on how much funding can be shared with a member.

Can I see the fine print?

Sure! We are all about transparency. Click here to view Sedera’s guidelines (our Medical Cost Sharing partner), they will provide a more in depth view into the world of medical cost sharing. 

Medical needs

Is alternative medicine shareable?

Alternative medicine can be shared with the Community, but requires prior written approval and varies on a case-by-case basis.

Are pre-existing conditions shareable?
Some pre existing health conditions will have limitations on sharing while others can become partially eligible for sharing after the first year on an incremental scale.
* If you would like to discuss your personal pre-existing condition sharing options, please contact our Customer Service Team.
Maternity?
Maternity expenses incurred after 12 months of Knew Health membership are generally shareable. This includes expenses for prenatal care, delivery, postnatal care, and miscarriage.

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