Lauren Gajdek is Vice President of Communications and Media at <a href="https://chministries.org/">Christian Healthcare Ministries</a>, an underwriter of this program. WHAT IS BIBLICAL COST SHARING AT CHM?<ul><li>Christian healthcare ministries (CHM) is not a health insurance company.</li><li>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.</li><li>CHM has existed for over 40 years and has shared almost $10 billion in medical bills.</li></ul> TELL US ABOUT THE SENIOR SHARE PROGRAM.<ul><li>Senior Share is for individuals aged 65 and older.</li><li>Members need to be on Medicare Parts A and B, or have a Medicare Advantage plan.</li><li>CHM complements insurance by covering what insurance doesn't pay to prevent seniors from having unpaid medical bills after Medicare payments.</li></ul> HOW DOES SENIOR SHARE AFFECT CURRENT AND POTENTIAL CHM MEMBERS?<ul><li>Current members can transition smoothly to Senio Share once they turn 65.</li><li>New members need to ensure they have Medicare A and B or the Medicare Advantage plan.</li><li>They can then avail of the Gold program benefits at a discounted monthly fee of $115.</li></ul> WHAT IS THE SHARING ELIGIBILITY IN THE SENIOR SHARE PROGRAM?<ul><li>Medical incidents above $500 are eligible for sharing.</li><li>There's an added program called CHM Plus for an additional fee which enables sharing of healthcare expenses over $125,000 per illness.</li></ul> CAN PEOPLE ENROLL IN CHM ANYTIME DURING THE YEAR?<ul><li>Yes, people can join CHM at any time of the year without a waiting period.</li><li>There are some restrictions regarding pre-existing conditions.</li></ul> 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: <ul><li>Should I invest $100,000 into a 5.3% five-year annuity or choose the institution's 5% CD rate for five years?</li><li>How do I determine the fees associated with an annuity and understand my advisor's compensation?</li><li>Should my 17-year-old granddaughter invest in a Roth IRA and where can I find financial education resources for young girls?</li><li>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?</li></ul> RESOURCES MENTIONED:<ul><li><a href="https://www.faithfi.com/find">Find a Certified Kingdom Advisor</a></li><li><a href="http://openhandsfinance.com/">openhandsfinance.com</a></li><li><a href="http://eventideinvestments.com/">eventideinvestments.com</a></li><li><a href="https://chministries.org/">Christian Healthcare Ministries</a>  </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the <a href="https://www.moodyradio.org/programs/faith-and-finance/">Moody Radio Network</a> as well as <a href="https://afr.net/podcasts/faith-finance/">American Family Radio</a>. Visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a>where you can join the FaithFi Community, <a href="https://faithfi.netviewshop.com/donate2">and give</a> as we expand our outreach.

FaithFi

Faith & Finance is a daily radio ministry hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

Faith & Finance with Rob West

“Do not cast me off in the time of old age; [or ] forsake me not when my strength is spent.”   Psalm 71:9
God’s Word encourages us to care for those in their so-called golden years. We’ll talk with Lauren Gajdek about a health care option that’s designed to help seniors, today on Faith and Finance.

Senior Medical Sharing With Lauren Gajdek

FaithFi: Faith & Finance | Oct 28, 2023

Show Notes

Where Faith Meets Finance

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