Does Impact use insurance terms?
Impact is a Healthcare Sharing organization, not an insurance company, so we use different terms. Below, you'll find a guide to help you understand the terms we use for membership.
- Instead of the insurance term, deductible, Impact Health Sharing uses the term, Primary Responsibility Amount (PRA)
- Instead of the insurance term, COVER/COVERAGE, Impact Health Sharing uses the term, ELIGIBLE FOR SHARING
- Instead of the insurance term, CLAIM, Impact Health Sharing uses the term, BILL
- Instead of the insurance term, GUARANTEE, Impact Health Sharing uses the term, NO GUARANTEE
- Instead of the insurance term, COPAY, Impact Health Sharing uses the term, PROVIDER FEE
- Instead of the insurance term, DECLINED/DENIED, Impact Health Sharing uses the term, INELIGIBLE FOR SHARING
- Instead of the insurance term, INSURANCE, Impact Health Sharing uses the term, HEALTH SHARING
- Instead of the insurance term, PAY, Impact Health Sharing uses the term, SHARE
- Instead of the insurance term, BENEFITS, Impact Health Sharing uses the term, ALLOWANCES
- Instead of the insurance term, MONTHLY PREMIUM, Impact Health Sharing uses the term, MONTHLY SHARE
- Instead of the insurance term, PLAN/POLICY, Impact Health Sharing uses the term, PROGRAM
- Instead of the insurance term, PROVIDE, Impact Health Sharing uses the term, FACILITATE SHARING
- Instead of the insurance term, EXPLANATION OF BENEFITS, Impact Health Sharing uses the term, EXPLANATION OF SHARING (EOS)
- Instead of the insurance term, RIDER, Impact Health Sharing uses the term, CONDITIONS INELIGIBLE FOR SHARING