Lauren Gajdek is Vice President of Communications and Media at Christian Healthcare Ministries, an underwriter of this program.
WHAT IS BIBLICAL COST SHARING AT CHM?
- Christian healthcare ministries (CHM) is not a health insurance company.
- CHM helps members with their medical bills through a biblical model, working with healthcare providers to get bill discounts and then remitting payments back to the members.
- CHM has existed for over 40 years and has shared almost $10 billion in medical bills.
TELL US ABOUT THE SENIOR SHARE PROGRAM.
- Senior Share is for individuals aged 65 and older.
- Members need to be on Medicare Parts A and B, or have a Medicare Advantage plan.
- CHM complements insurance by covering what insurance doesn't pay to prevent seniors from having unpaid medical bills after Medicare payments.
HOW DOES SENIOR SHARE AFFECT CURRENT AND POTENTIAL CHM MEMBERS?
- Current members can transition smoothly to Senio Share once they turn 65.
- New members need to ensure they have Medicare A and B or the Medicare Advantage plan.
- They can then avail of the Gold program benefits at a discounted monthly fee of $115.
WHAT IS THE SHARING ELIGIBILITY IN THE SENIOR SHARE PROGRAM?
- Medical incidents above $500 are eligible for sharing.
- There's an added program called CHM Plus for an additional fee which enables sharing of healthcare expenses over $125,000 per illness.
CAN PEOPLE ENROLL IN CHM ANYTIME DURING THE YEAR?
- Yes, people can join CHM at any time of the year without a waiting period.
- There are some restrictions regarding pre-existing conditions.
WHAT IS CHM’S BIBLICAL FOUNDATION?
CHM offers a biblical solution for healthcare costs, based on Galatians 6:2.
On today’s program, Rob also answers listener questions:
- Should I invest $100,000 into a 5.3% five-year annuity or choose the institution's 5% CD rate for five years?
- How do I determine the fees associated with an annuity and understand my advisor's compensation?
- Should my 17-year-old granddaughter invest in a Roth IRA and where can I find financial education resources for young girls?
- How should we handle money and gold from my late father-in-law's illegal activities, and what does the scripture say about such gains?
RESOURCES MENTIONED:
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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