Social Business: Health Savings Microphilanthropy
Idea: Health Savings Microphilanthropy.
Problem: Help me find an organization to partner with
I have an idea to get between 20,000 to 200,000 people baseline funding ($1000) for their healthcare by using a default giving option in health savings accounts.
A synopsis of the idea can be found here:
Or here as a SlideShare presentation:
This is a social business model. The idea allows people to give small amounts of their pretax paycheck each week to pay for others' health care without anyincurred risk and by bypassing government channels. It is privatized health care philanthropy administered on an individual payout basis.
0.1% (or some other small amount) will be the default giving level. Members of the HSA will be signed up automatically and informed that they may choose to opt-out or increase their giving. The objective is to set the default option low enough that people will not be motivated to opt-out. There is also the opportunity to allow individuals to donate the balance of their HSA to the program at the end of the year (potential default option), and to the program as the beneficiary upon an individual's death (another potential default). The idea may also be able to leverage the Cass & Sunstein idea of Give More Tomorrow, since the contributions will be withdrawn from pretax individuals' pay.
The bottom line:
I want to give donors (HSA users) the opt-out from paying 0.1% pretax into a common HSA, which will be distributed in $1000 blocks to individuals without health insurance.
Please contact me with any thoughts or recommendations for organizations or people to contact to try and make this idea happen. Thanks for any help you can give!
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