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Funding Your Share Wallet vs. Sending Your Share

Introduction

As a member of REDEEM® HealthShare, you pay once a month. You make this payment when you fund your Share Wallet.

Funding your Share Wallet and sending your Share are related actions, but they serve different purposes. These two actions are:

  1. Funding your Share Wallet, which is transferring the set amount listed on your Funding Notice from your credit card or your bank account to your Share Wallet.
    Note: If you opted into auto funding the transfer from your credit card or bank account is automatic.
  2. Sending your Share, which is sending the assigned portion of money from your Share Wallet to another member who has eligible medical bills.
    Note: This required action does not have an automated option. For more information, see Send Your Share.

To remain in good standing, you must:

  • Fund your Share Wallet by the due date if you are not enrolled in auto funding.
  • Send your Share when you receive a Share Notice.

Information

The comparison below summarizes how funding your Share Wallet differs from sending your Share.

Feature Funding Your Share Wallet Sending Your Share
Purpose Financial action. Community action.
Amount A set amount based on your membership level. Amount will vary depending on your Share assignment.
How to complete the action. You complete the action through either automatic funding or manual funding. You complete the action manually through the Member Center.
Funds transfer Uses a payment method such as a bank account or credit card to transfer funds to your Share Wallet for future sharing Uses funds already available in your Share Wallet that you send to members with eligible medical bills.

As a member of REDEEM HealthShare Ministry, reading and understanding the Sharing Guidelines is important.