Description

IN-NETWORK? 

We’ll start with “in-network” versus “out-of-network” medical costs, which is something consumers really need to be aware of. 

Healthcare Plans generally cover out-of-network emergency room care as if it were in-network, but not visits to out-of-network doctors and other treatment.

That could cost you 4 or 5 times more than in-network care.

NO NETWORK

While Christian Healthcare Ministries helps its members cover their healthcare costs, it is not an insurance company. Members are not bound to a particular network of providers. As long as their treatment is eligible for sharing under the terms of the membership, CHM will “share” the cost. That means, if you’re a member, you can go to whatever doctor or hospital you choose and keep your preferred doctor. It provides a lot more options than a traditional healthcare plan. 

VERY DIFFERENT

CHM is also very different in that it is a Christian ministry, which helps to provide support that is not only financial but also emotional and spiritual. They care about their members and pray for them. And members lift one another up in prayer. 

OVERVIEW

Here’s how it works. If you are a CHM member and share your medical bills, you will send your bills to Christian Healthcare Ministries. CHM will then work with your healthcare providers to see if they can get discounts on those bills, and then they will “share” those bills in accordance with the membership terms and send a check to you, the patient, to cover those bills. 

Over more than 40 years, CHM has shared nearly $10 billion dollars in medical costs.

Learn more about Christian Healthcare Ministries at CHMinistries.org.

 

On today’s program, Rob also answers listener questions: 

• What happens if a spouse passes away without a will? 
• If you put money into a trust, is there a way to get it back out if a financial need arises? 
• If you have the option of a traditional 401k or a Roth 401k, which one should you choose? 
• What is the best kind of educational account to open on behalf of grandchildren? 
• What’s the best way to close a credit account you’re not using? 

Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give  as we expand our outreach.

Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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