Wednesday, January 10, 2018

Interesting Information in our First Liberty Newsletter

Liberty sends members a monthly newsletter with articles of interest, reminders on Liberty practices and other information helpful to members.

One piece of information we thought was particularly interesting was found at the bottom of the newsletter. I’ve often wondered, as have many people who are aware we’ve joined Liberty, how much money Liberty receives in shares in a given month and how much they pay out for medical expenses. At the bottom of the newsletter Liberty provided this information. Obviously, if the amount of money Liberty pays out is much higher than what we receive, this could eventually lead to higher monthly share amounts or higher unshareable amounts. Below is the information from December: 

First off, I think it’s great that Liberty is this transparent with members about what is received and what is paid out. After all, the members serve as the community and this isn’t traditional insurance. I think the transparency builds confidence. It will be interesting to see how these numbers change. If there’s a month that deserves an asterisk it’s one where payments of medical expenses (paid out) exceed what was shared (paid in) by $9M. Liberty is able to review this information in the context of past months and similar periods so they have far better information to determine if this is a trend or not. Nonetheless, I appreciate the transparency and thought it was an interesting piece of information to share from the newsletter. 


  1. The financial shortage they're experiencing is a little spooky. I assume they won't pay until they have the money. Unlike regular insurance they don't have to maintain a certain pool of money.

    I guess I'd be happier with a regular insurance company that limits lifestyle choices, like christian healthshares, to reduce medical costs.

    1. Yes, I agree, although I do appreciate the transparency. I don't have access to historical numbers, so maybe for months they were taking in more than they were paying out but this trend has continued for the last two months per our newsletters so it will be interesting to see how it works out. If it's a big enough issue it could result in a) slower reimbursements to conserve cash b) denying medical procedures that are typically shareable or c) raising the monthly cost.