Key Features of REDEEM™ HealthShare Ministry
1. Faith-Based Community:
Members share a common faith and agree to live by Biblical principles, supporting each other in times of medical need.
2. Membership Requirements:
To join, members must be professing Christians, regularly attend a Biblical, Christian church, and adhere to specific lifestyle requirements.
3. Healthcare Sharing:
Members contribute a set amount each month to a shared pool of funds. When a member incurs eligible medical expenses, those costs are shared among the community according to the guidelines.
4. Voluntary Contributions:
The sharing of medical expenses is voluntary and relies on the goodwill and support of other members, rather than legal obligation.
5. Annual Unshared Amount (AUA):
Members are responsible for a certain amount of their medical expenses each year before sharing begins. This amount varies based on the membership plan chosen.
6. Virtual Share Exchange (VSE):
This platform manages the sharing process, allowing members to see their contributions and how their funds are used to help others.
7. Eligibility and Limits:
The program covers a wide range of medical expenses, but there are specific guidelines and limits, including caps on annual and lifetime sharing amounts, and exclusions for certain pre-existing conditions and treatments.
8. Not Insurance:
It is important to note that REDEEM HealthShare is not health insurance. There is no transfer of risk, and payments are not guaranteed.