How Crowdfunding is Revolutionizing Healthcare
Something magical happens when a community comes together. Whether it’s fundraising to put in a new park that everyone, from toddlers to seniors, can enjoy or banding together to find a missing pet and return them to their family, we can accomplish more together than we can apart.
Now, imagine if we apply this ideology to our healthcare.
You don’t have to feel jilted by the healthcare system, paying hundreds upon hundreds of dollars each month only to be responsible for a majority of the medical bills when an emergency arises. With crowdfunding, the community bands together to help pay for medical bills, making it so that no one has to stress over a high medical bill. As a bonus, you also end up paying less than you would on traditional insurance, showing the power we hold when we work together.
How to Pay for Medical Bills Without Insurance
Are you tired of overpaying for insurance? Are you frustrated that despite the hundreds you pay each month, you’re still stuck with astronomical medical bills?
Crowdfunding offers a new way to pay medical bills.
Deductibles, premiums, co-insurance—these are all words thrown around when looking at insurance plans, and they all equate to more money out of your pocket. You can spend hundreds of dollars on insurance each month only to be told that your plan covers only a small percentage of the costs for a certain procedure. In other cases, your deductible may be so high that you have to pay thousands of dollars before your insurance even begins to start contributing, leaving you with a high out-of-pocket cost even though you have insurance.
With crowdfunding, you can say ‘enough!’ to insurance while still getting help in covering your medical bills.
What is Crowdfunding?
Crowdfunding is founded on the group mentality and the belief that we can accomplish more together than we can apart. With crowdfunding, the monthly costs that everyone contributes are used to pay for whatever medical services arise among the membership community.
CrowdCare has three pricing brackets:
- Individual membership ($180)
- Individual membership for those 55+ ($265)
- Family Membership for up to five individuals ($410)
With crowdfunding, these monthly subscriptions are collected into crowdfunds, available for use whenever someone has a medical need. The crowdfund, combined with consumerism and self-pay, allows members to access lower medical costs without worrying about deductibles and out-of-pocket maximums.
It may be hard to believe that you can save money without health insurance, especially since self-pay is often associated with higher medical bills, but with CrowdCare’s help, you don’t have to navigate the billing process by yourself or pay the amount you’re first billed. We negotiate on your behalf, bringing your medical bills down to the fair market price. Then, the costs are shared by the crowd, helping to pay for medical bills that may otherwise cause extreme stress as you wonder how you’ll pay for them.
As an added benefit, with CrowdCare, you have the freedom to choose any doctor without having to worry about a higher cost due to being out of network. Without network restrictions, you can ensure that you and your family see the very best doctors. Furthermore, you don’t have to worry about what to do should your doctor stop accepting your insurance, giving you one less thing to worry about.
With crowdfunding, you don’t have to stress about money or forego medical care because you’re unsure how to pay for it—let the crowd help you tackle these bills.
How Can Crowdfunding Help Me Pay My Medical Bills?
With crowdfunding, your monthly contributions are divvied up amongst all the members and their healthcare expenses, allowing everyone to benefit from lower monthly costs. Here are some examples of crowdfunding in action.
Cutting the Costs of Major Surgery
Following an emergency open-heart surgery, imagine getting a hospital bill for $400,000—an astronomical cost for most of us.
CrowdCare starts by negotiating down your bill to the fair market price of $150,000. Then, the cost is submitted to the crowd, who fully cover the rest of the medical bill.
Removing Stress Following an Accident
Accidents happen, but you don’t need to be stressed about how to pay for it.
Say you fracture your arm while hiking. Between ER expenses, follow-up visits, and physical therapy, your medical bills may reach $5,000. You can cover $1000 of the expenses, but you’re unsure of how you’ll manage paying for any more. With crowdfunding, the remaining $4,000 can be submitted to the crowd, who can cover the remaining costs, allowing you to pay off your medical bills.
Plan for Scheduled Procedures
When time is a benefit, CrowdCare can help you find a top-tier provider at a fair price. Even more, you can get an estimate for the procedure before receiving it and submit the expense to the crowd for funding, ensuring you have the necessary funds available for payment at the time of the service.
Lessen Pregnancy Costs
Bringing a new life into the world is exciting, but the healthcare costs associated with it most definitely aren’t. With crowdfunding, though, you don’t have to worry about paying as much.
At CrowdCare, maternity members are responsible for the first $3,000, but when prenatal care, delivery, lab work, imaging, and postpartum services can bring the costs to well about $10,000, submitting a majority of the costs to the crowd can be a significant help.
Join the Healthcare Revolution
Crowdfunding offers a way to bring the power of community to healthcare, making it possible for you to avoid high deductibles, premiums, and out-of-pocket maximums without sacrificing your health.
Through crowdfunding, we can change the way that healthcare is viewed. Rather than fear the costs of healthcare, foregoing care in the process, you can feel confident that your medical bills will be brought down to a reasonable level (or handled entirely) through crowdfunding.
Join the healthcare revolution today with CrowdCare and see the difference that the community can make when tackling medical bills.