Americans who use health insurance see only a small portion of their premium go toward health costs.
The premiums are set to cover all the costs that an insurance company incurs, not just medical costs. This includes marketing, processing claims, and all the administrative costs of a public for-profit corporation.
Sedera's Medical Cost Sharing Model
Instead of paying monthly premiums to an insurance company, members share a given amount which includes a 9.9% management fee, on a monthly basis and draw from community funds as medical Needs arise.
Monthly shares are generally lower than typical insurance premiums. Through our medical cost sharing model, members save between 20 - 50% of the costs that are typically incurred with health insurance plans.