REDEEM™ HealthShare Ministry uses a system called, Member Storehouse. This system establishes the members’ Monthly Share amount to build a small balance in every member’s individual Share Account.
This system distinguishes REDEEM™ HealthShare from traditional health insurance in that members own the reserves in their individual Share Account for the collective use of sharing medical bills.
The Member Storehouse ensures financial stability and readiness for unexpected events. The Member Storehouse enables REDEEM™ HealthShare to:
- plan for the constant fluctuation of medical bills and payments.
- ensure there are funds available to cover eligible medical expenses promptly.
- ensure the community can support each other.
Understanding your Share Wallet provides additional information about funding your Share Wallet and Your Monthly Share Amount.
As a member of REDEEM™ HealthShare, reading and understanding the Sharing Guidelines is important.