Not Your Average Financial Podcast™

Episode 170: Sick of Health Insurance? Here’s an alternative with Joel Noble and Samaritan Ministries


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In this episode, we ask:

  • What’s one of the top reasons people go broke?
  • Who is Joel Noble?
  • How does Joel define leadership?
  • What is Samaritan ministries?
  • What is a “non-insurance” way to meet medical needs?
  • What about the ongoing crisis in medical needs?
  • What is the cost of health coverage for most families?
  • What about “cutting out the middle man”?
  • What about risk assessment?
  • What about the cost?
  • What is the new program, “Given”?
  • How did Samaritan start?
  • What were price controls?
  • What are the origins of employer based health insurance?
  • How did employer based health insurance take off?
  • What about the mandate?
  • What about the penalty?
  • What about health care sharing?
  • What’s the history of health care sharing?
  • What about Mennonites and Amish barn raising?
  • What about community “pots”?
  • What about health care expenses?
  • What about monthly health care cost sharing?
  • How much does Samaritan’s network circulate monthly?
  • What about trust?
  • What’s the difference between a share and a premium?
  • How is this different from a health insurance?
  • What happens if a family misses a share?
  • Want to hear Mark’s injury story?
  • What was Mark’s experience?
  • What about Joel’s experience?
  • What other advantages are here?
  • What about community?
  • What about networks?
  • What about going out of network?
  • What about the freedom to go where you want?
  • What about assumptions?
  • Who is this not for?
  • How is insurance ingrained into our society?
  • What about medical debt?
  • What about medicare?
  • What about opting in?
  • What about a waiver?
  • What are the penalties?
  • Are there prohibited services?
  • What about medical tourism?
  • How are members incentivised to make savvy financial choices?
  • What is healthcare bluebook?
  • How might one look up procedures and providers?
  • What about the online access?
  • What about the need?
  • What are the out of pocket costs?
  • How is this different from a high deductible health plan?
  • How many people in the U.S. are doing this?
  • What does Joel wish people knew?
  • What about the affordable care act?
  • What about faith based nonprofits?
  • What happens if people become sick?
  • What about the ACA penalty for members?
  • Would you like to learn more?
  • What are the takeaways?
  • Joel Noble is Director of Public Policy at Samaritan Ministries International, where he has served since 2001. He directs the ministry’s legislative program, advocating with federal and state governmental bodies. He also consults for the Alliance of Health Care Sharing Ministries. Joel earned his bachelor’s degree in history education from Illinois State University, with an emphasis on political science, geography and sociology. He completed a Master of Arts in leadership studies from the Seminary at Lincoln Christian University, where his final research paper focused on what the Bible teaches on the proper jurisdiction of the family, church and civil government. He has been married to his wife, Sarah, for 19 years. They have four boys.

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