Podcast Episode Details

Frustrated with Traditional Healthcare? with Lauren Gajdek

Episode 598

You might be surprised to learn that most Americans are satisfied with their healthcare insurance. But the rest are more than a little dissatisfied.

A vocal minority of health insurance policyholders are frustrated with their insurers for any number of legitimate reasons. If you’re in this group, you don’t want to miss today’s show. Lauren Gajdek joins us with details about an efficient, affordable alternative to health insurance.

Lauren Gajdek is the Vice President of Communications and Media at Christian Healthcare Ministries (CHM), an underwriter of Faith & Finance. 

Why Are People Frustrated with Traditional Health Insurance?

Healthcare is a significant concern for many families, especially as costs continue to rise. Christian Healthcare Ministries (CHM) offers an alternative rooted in faith and community support for those who feel frustrated with traditional health insurance. Some of the most common frustrations they see are:

• Complicated Policies—Many insurance plans have intricate rules and coverage limitations, making it difficult to understand what is actually covered.
   
• Lack of Pricing Transparency—Patients often have no idea what they are being charged for healthcare services, which leads to higher costs that insurance companies pass along to policyholders.
   
• High Deductibles—It's not uncommon to see deductibles of $5,000, $10,000, or even $15,000, leaving families struggling to afford necessary care.

At CHM, transparency is a priority. Members clearly understand what will be shared, making healthcare costs more predictable and manageable.

A recent Kaiser Family Foundation survey found that most Americans rate their health insurance as "good" or even "excellent." However, people generally seem to be pretty happy with their insurance—if they haven’t had to use it. 

Many individuals benefit from government subsidies or employer-sponsored plans, but satisfaction drops significantly when it comes time to submit claims and navigate the system. The more people engage with their insurance provider, the more dissatisfied they tend to become.

How Does Medical Cost Sharing Work?

CHM stands apart as an alternative to health insurance. Since their founding in 1981, they have shared nearly $12 billion in medical bills for its members. People are looking for something that aligns with their faith and upholds their values, and that’s where CHM steps in.

With over 40 years of experience, CHM provides a trusted solution for Christians who want a healthcare option that reflects their beliefs.

Unlike traditional insurance, CHM is a healthcare cost-sharing ministry. Members are considered self-pay, meaning they pay medical providers directly, but CHM shares 100% of qualifying medical bills based on established guidelines.

Key features of CHM include:

• Flexible Program Options—Monthly contributions range from $98 to $255 per person, allowing families to tailor their plans to their needs and budget.
   

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Published on 9 months, 3 weeks ago