Christian Healthcare Ministries Review
Christian Healthcare Ministries, often referred to as CHM is one of the oldest and most popular healthsharing ministries in the United States. While there are many terms for this type of ministries like “health shares”, “health sharing ministries”, etc, CHM refers to themselves as a “health cost sharing ministry”. They also claim to be the nations first and longest-serving health cost sharing ministry.
CHM has shared over $3.5 billion in healthcare costs for its members and has been featured on The Dave Ramsey Show. In 2018 alone, CHM shared $388,722,857 in healthcare bills. Pretty impressive!
How Christian Healthcare Ministries Works
In the video below, Christian Healthcare Ministries does a great job of explaining how everything works with their organization. Some things that they mention in the video are:
- No treatment approvals
- Over 65% less expensive than the national average for health insurance
- A Better Business Bureau A+ Accredited Charity
- Over 1 billion dollars in shared medical bills
- Eligible option under Obamacare
Pricing for Christian Healthcare Ministries
Pricing for being a member of Christian Healthcare Ministries is determined by a number of people that will be enrolled. They call these “units”. If you’re just one person, you would be one unit. However, the most amount of units you ever have to pay for is 3. So if you were a family of 5, you are still only paying for 3 units.
Above, you can see a pricing comparison between the 3 programs available.
The Gold program is CHM’s highest and most extensive program you can join. The program costs $150 per unit per month. For an individual, you only have to pay for $150/month. For a family of 5, you’re looking at $450 a month — which is still pretty dang cheap for an entire family. CHM will share “100 percent of bills for any medical incident exceeding $500 as long as all the other guidelines are met.”
“Example: You receive treatment early in the year for a gallbladder problem. Your bills total $7,500 and you receive $2,500 in healthcare provider discounts. CHM shares $5,000 ($7,500-$2,500), which is 100 percent of the cost after discounts. In the middle of the same year you have some blood tests done (for an unrelated illness) that cost $400. CHM does not share any of these bills because the total cost of the incident is less than $500. At the end of the year, you break your arm and the treatment amounts to $2,500. CHM shares the entire amount of $2,500 because the incident totals more than $500 and the treatment meets all other CHM Guidelines.” – CHM
The second tier down is Silver. Silver costs $85 per unit per month This is very similar to the Gold program with assistance up to $125,000 per illness; however, your personal responsibility is $1,000 per incident instead of $500.
The lowest tier is the Bronze program. At the Bronze level, the pricing is $45 per unit per month. The assistance is the same as the other two but your personal responsibility per incident jumps up to $5,000.
“Personal Responsibility” seems to be pretty similar to Liberty’s Annual Unshared Amount. For every incident/illness, members are expected to pay a certain amount out of pocket. For Gold members, you need to pay $500 out of pocket. For Silver and Bronze, you will pay $1,000 and $5,000, respectively.
“Brother’s Keeper” is CHM’s catastrophic bills program. As in, if you were to get cancer or something that is going to cost a significant amount of money, Brother’s Keeper will go past that $125,000 limit and beyond.
The breakdown for Brother’s Keeper is as follows:
“Gold level members: Signing up for Brother’s Keeper provides unlimited cost support per illness (diagnosis).
Silver and Bronze members: Signing up for Brother’s Keeper provides an additional $100,000 of cost support. With each annual Brother’s Keeper renewal, participants receive an additional $100,000 of assistance, up to $1 million per illness.
For medical needs exceeding $125,000, Brother’s Keeper members send a quarterly designated gift amount (average amount: $25 per membership unit) to the CHM office, where it is deposited in an audited escrow account. There is also a $40 annual, nonrefundable fee per membership.
Members receive a quarterly Brother’s Keeper letter stating their quarterly gift amount and the name of a fellow Brother’s Keeper member who has medical bills. They are asked to send cards and letters of encouragement to these fellow Christians.”
Signing Up For Christian Healthcare Ministries
Signing up for Christian Healthcare Ministries seems to be pretty easy. They have an application page where they ask for information on you and your family if applicable. After submitting the application, you will be contacted by CHM for further instructions on enrolling into the healthsharing ministry.
How To Pay For Christian Healthcare Ministries
Christian Healthcare Ministries seem to have a pretty simple process for paying. Your program costs each month can be drafted from your account and sent straight to CHM — you don’t need to worry about sending your money to actual members.
CHM also stress that it is YOU that will be handling your healthcare. They state that all bills must be sent directly to you in which you can then send on to CHM. There are some ministries out there that will deal with the provider directly so you don’t have to stress out about all the bills, but this doesn’t seem to be one of them.
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