"Never Refuse Assistance To A Member In Need"
A
New Cost-Effective
Approach to Health Care
and other
emergencies of life
NOTICE
Emerg-e-share is a non-indemnity
mutual sharing program, and should not be used as one's sole
means of
risk mitigation.
06/02/2007 / ©2006 YHIDC / 850-266-7827 / P.O. Box 34127, Pensacola, FL 32507
WHAT IS Emerg-e-ShareTM
The Emerg-e-Share Fund is a Non-Insurance Mutual Sharing Fund for Member Subscribers who require reimbursement or payment for Dental and Medical needs, or for Emergency Housing andTransportation relief during the aftermath of a natural disaster. Since the Fund is not insurance there are no exclusions for pre-existing conditions and no deductibles. So, unlike insurance which is based on “fractional indemnity” which means that the insurance contract will only pay for a set percentage of the medical expense if the procedure is “approved”, every member of Emerg-e-Share who makes a request for a legitimate need is guaranteed they will be paid either the full amount or a pro-rata share of the fund for their need up to the limits of the plan.
It is Managed and operated by YHIDC Management, LLC, whose home office is in Pensacola, Florida.
The
difference between Contractual Indemnity Insurance (INSURANCE) &
Cooperative Risk Management (EMERG-E-SHARE).
Both INSURANCE and EMERG-E-SHARE work on the same basic premise. Both pool monies from all participants and disperse the monies out of a pool fund to assist all participants in the time of need, but that is where the similarity ends. Insurance is provided at a price that will provide a needed service to policy holders while also providing profits to stockholders of the INSURANCE company. Also INSURANCE tries to exclude risks that may deplete these profits by trying to choose only those groups of people who are “good” risks. This process is often called “skimming.” Through well-thought-out and sometimes complex contracts, INSURANCE seeks to provide some level of reimbursement (indemnity) but only under certain conditions and exclusions. INSURANCE is great for Major Medical Care, but for average healthcare needs INSURANCE is often cost prohibitive.
EMERG-E-SHARE, on the other hand is cooperative. That is, distribution of funds is mutual. It is not based on a contract, but on need and available cash in the fund. EMERG-E-SHARE is not-for-profit centered so after staff and expenses are paid, there are no stockholders looking to make a profit. This means that EMERG-E-SHARE cost less to operate. So in essence, while INSURANCE guards the dispersion of funds to preserve profits, EMERG-E-SHARE simply screens validity of needs so that funds can be freely and fully dispersed on a monthly basis. INSURANCE is based on providing a service while preserving profits, EMERG-E-SHARE is based on Cooperative Pro-Rata Mutual Sharing which has as its goal meeting human need, period.
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SATISFACTION GUARANTEE Individuals and companies that believe in mutual sharing will be happy being a part of the Emerg-e-Share® (EES) program. But if you are new to the concept of Mutual Sharing and are not sure that it is right for you, we make this guarantee of satisfaction: Annual Memberships If you join the EES sharing program by (1) paying the Full Annual Share Amount (less the 2% discount) and (2) you have fulfilled your Maturation Period within the first twelve month of your initial date of membership and (3) you make your first Approved Request for funds that would have normally have been in excess of your Full Annual Share Amount, but (4) your request is pro-rated such that the amount that you will receive is less than your Full Annual Share Amount; then at your option, you may request to terminate your Membership with EES and if you do, EES will immediately refund any difference between 60% of you Full Annual Share Amount (the escrow amount) and the pro-rated amount you received from your first request and will pay the remainder of your Full Annual Share Amount balance back to you with 5.0% (five and no 100th percent) interest over a 24 month period. If you choose the termination option we will assume that you never wish to be a part of EES in the future and reserve the right to put a block on future membership and in all cases the Yearly Membership Fee is non-refundable Monthly and Flex-Share Memberships If you join the EES sharing program by (1) paying the Monthly or Flex-Share Amount and (2) you have fulfilled your Maturation Period within the first twelve months of your initial date of membership and (3) you make your first Approved Request for funds that would have normally have been in excess of the sum of your Share Amount payments, but (4) your request is pro-rated such that the amount that you will receive is less than the sum of your Share Amount payments in your first anniversary year; then at your option, you may request to terminate your Membership with EES and if you do, EES will immediately refund any difference between 60% of the sum of your Share Amount Payments during your anniversary year (the escrow amount) and the pro-rated amount you received from your first request . If you choose the termination option we will assume that you never wish to be a part of EES in the future and reserve the right to put a block on future membership and in all cases the Yearly Membership Fee is non-refundable |