If you have a health event, you pay the first $500 dollars and the community of fellow bitcoiners in Crowd Health fund the rest. Really interesting model that we’ve been using for a year plus. The CEO has been on the Bitcoin Standard Podcast which I’ll link below and is pretty outspoken about the broken health insurance industry and how he wants to bring bitcoin to health care. Worth a listen if you have time.
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OK, that's smart that they keep the stash on BTC/LN (that's money earned right there with halving coming up) but did you pay them with lightning or fiat?
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21 sats \ 1 reply \ @KLT 26 Feb
Fiat currently, but it’s looking like this year any health event we have or that we fund for others will be able to do that via lightning so the app is going to get a native bitcoin wallet as well. I believe they’re working with Breeze so it’s all pretty cool. I also like that they fund preventative care procedures like Dexa Scans as well as send bitcoin books for free and they talk about eating meat etc.
My wife was skeptical at first but now she’s glad we have them as we slowly phase out of using regular health insurance a year and a half later. If I’m paying that monthly fee for health care, it’s nice to know that I’m helping other bitcoiners as they too have been helping me with my health events. They’re at 6,000 or so members now I believe. I do not work for them or anything haha. Just a fan and see how health insurance now is so scammy.
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That's great, really worth considering. Thanks for sharing.
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