DRAFT – DO NOT USE
Altrua HealthShare is NOT Insurance, it is not underwritten by an Insurance company, it is a non-profit established to provide a mechanism for individuals to help share in the burden of medical costs. Because it is a voluntary membership each member remains a self-pay patient and ultimately is responsible for the cost of their medical care. The membership is voluntary and while members have agreed to share in each other’s medical needs there is no legal requirement for them to do so. Please visit the Altrua HealthShare website to view notices specific to your state, if any.
As such, you will notice that there are some terms with which you might not be familiar.
|Traditional Insurance Term||vs||Altrua HealthShare Term|
|Claim(s) or Medical Expenses||Medical Need(s)|
|Co-Pay||Office Visit MRA|
|EOB (Explanation Of Benefits)||EOS (Explanation Of Sharing)|
|Coverage or Benefit||Offering|
|Group (Family)||Combined Membership|
|In-Network Provider||Affiliated Provider|
|Insurance Agent||Independent Member Representative (IMR)|
|OOP (Out of Pocket)||MRA (Member Responsibility Amount)|
|Payment / Pay||Sharing / Share|
|Member Payment(s)||Member Contribution(s)|
|POP (Proof of Payment)||POC (Proof of Contribution)|
|Premium or Monthly Bill||Monthly Contribution|
|Primary Subscriber||HOH (Head of Household)|
|Requirement to Join||Statement of Standards|
|Statement or Invoice||Contribution Request|
|VOB (Verification of Benefits)||Verification of Eligible Needs|
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