Guidelines - 6.5-6.7 Virtual Bill Accounts, Provider Payments, and Member Share Wallets

6.5 Virtual Bill Accounts

If you have an eligible medical bill approved for sharing, the 
VSE will create a Virtual Bill Account for the payment of that bill. 
Each Virtual Bill Account linked to your Share Wallet is unique to 
1) a member of your household, 2) a medical provider, and 3) 
a specific bill. You may not withdraw funds from your Virtual Bill 
Account. Amounts collected will display only as a single line-item 
transaction in your Share Wallet.

6.6 Provider Payments

Your Virtual Bill Account will remain open until the system receives 
all funds and then transfers the approved sharing amount to your 
medical provider as payment for your bill, or to you for the amount 
you paid.

6.7 Member Share Wallets

To process and pay medical bills quickly, REDEEM HealthShare 
uses a Share Wallet for all sharing transactions and activities. 
REDEEM HealthShare Ministry is NOT insurance. The ministry does 
not collect and hold medical reserves in a REDEEM HealthShare 
controlled bank account. Instead, a monthly share amount is 
deposited in your and other members’ individually controlled 
Share Wallet.