Wealth Talks

Shopping for Christmas, Birthdays and other celebrations can be fun, and sometimes tough too. Some people go into debt this time of year.😟 And maybe you can't find a gift that really expresses the love you feel for someone.

Here are some tips to keep your shopping fun, enjoyable and fulfilling for true wealth in all aspects of your life. Remember that the most important things in life aren't things. Protection and security for the future is one of the most meaningful gifts you can give to your family.

Also hear the real-life questions coming across our desk and catch useful ideas for your own situation.

Want some help or a fresh perspective? Call 702-660-7000 and ask for a private Strategy Session.

Resources:

2019 Document Workshop Info & Schedule

Watch Attorney Lee Phillips on how to build a strong Legal Foundation

13 years ago we came home to Robbers in our House. What we learned, would change our Life and Financial Thinking forever

It was a dark, drizzling dreary November evening 13 years ago, when we came home to Robbers in our house!👺

They got away with many things…some which you can never replace. The cleanup process was emotional, but also helped change our thinking. For example: If the thief didn't take _____, is it really as valuable as we think?

During the cleanup process, Michele ran across a letter that ended up introducing us to Participating Whole Life Insurance and complimentary wise money management strategies.

In the financial world, you can be robbed without realizing it until later in life. Fees, taxes, and inflation all take a bite out of your pie.

The average Rate of Return on Social Security is only about 1.23%. Sometimes investments aren't any better.

Listen to this episode for the full story and learn how you can improve your strategies on life and building wealth WITHOUT getting robbed.

Resource Links:

Visualize a $100,000 investment earning 6% for 30 years MINUS Fees, Taxes and Inflation

Watch Attorney Lee Phillips on how to build a strong Legal Foundation

ROR on Social Security is only 1.23% - Article on FoxBusiness

Premium Financing promotions seem to be all over the place today! But with so many moving pieces

Many people are looking beyond traditional health insurance to faith-based healthcare sharing ministries. ⛪️

Not only can you stand up for the healthcare values you believe in, but you can often save money too.

Since the Affordable Care Act requires health insurance to cover pre-existing conditions, traditional heath insurance premiums have skyrocketed🚀 Participating in a healthcare sharing ministry is often much less expensive than traditional insurance because these groups CAN make exclusions for pre-existing conditions!

So what options are available? Here's a quick comparison of 4 popular Christian-based sharing ministries. This is great place to start your research.

Resources:

Traditional Health Insurance Shopping Info by State - Written info from Take Command Health

How to Save Money on your Health Insurance - Podcast

Ministry Sharing Guidelines:

Medi-Share - Christian Care Ministries (CHM) Guidelines

Samaritan Ministries Guidelines

Christian Healthcare Ministries (CHM) Guidelines

Liberty HealthShare Guidelines

Here's our list of Pros/Cons/Noteworthy points per ministry…

Medi-Share by Christian Care Ministry (CCM):

Pros:

• No annual, per-incident, per-person or per-lifetime sharing caps

• Free 24/7 access to virtual providers via MDLIVE
• Bill Negotiation
• Simple, Easy-to-understand Guidelines

Cons:

• More per-visit fees: $35 per doctor visit or hospital visit, $135 for emergency room visit
• Services outside of network adjusted to "usual and customary charges" - may not all be covered
• Does not work in Montana

Noteworthy:

• More options for a higher "Annual Household Portion" (like a deductible) than some available - maybe offset by higher overall cost/fees?
• Separate Senior Assist program available - like an extension (not supplement) of Medicare Parts A & B

Medi-share Pricing Calculator - Link

Medi-share - Request Info Link

Please note: We use Media-share personally and thus know more about this ministry than some of the others. See what people are saying about other sharing options below.

Samaritan Ministries:

Pros:

• Broader range of expenses allowed for sharing such as Chiropractic and Homeopathic care
• $300-1,500 sharing threshold per member

Cons:

• Seems to have more conditions and small things to pay attention to - they have made a nice effort to simplify with some visual breakdowns in the PDF version of their guidelines
• 250k per need/annual sharing limit

Noteworthy:

• Direct Sharing to individual members versus Automatic collection and payout by the sharing ministry
• Save to Share program does provide a way to get unlimited sharing - read guidelines for details
• Sharing cost seems higher for people in 20-30's age range?? More than the McFie family adult children are paying with Medi-share currently, but we also choose a high AHP - hard to say how the differences work out.

Christian Healthcare Ministries (CHM):

Pros:

• Low sharing prices
• "Like family" experience - see what people are saying below

Cons:

• You handle most of the bill negotiations - they do provide resources to help
• 125,000 per diagnosis sharing limit + 100,000/yr with the Brother's Keeper add-on - still limited annually per-diagnosis even with the Brother's Keeper option

Liberty HealthShare:

Pros:

• Low prices
• Less strict Christian Lifestyle requirements

Cons:

• The sharing guidelines read like a legal document - terms and conditions seem more complex
• 125,000 to 1 million sharing limit per incident

Noteworthy:

• A Case Worker may assigned on "serious cases" to suggest Alternative treatment options - cooperation is voluntary but your actions may affect what expenses they are willing to share

What People Are Saying

A big THANK YOU to all of you who wrote in on this subject! Your responses were very helpful in this review, and we have chosen a few to share with everyone in this post.

Samaritan Ministries:

Amy says:

We use Samaritan Ministries because it seems like a more Biblical approach to healthcare - giving directly to brothers and sisters in Christ in need, and not indirectly funding abortion.

We chose this one over another big one - I forget which, but it's based out of Florida [probably Medi-Share run by Christian Care Ministries - they are based in Florida] - because that one was going to require my husband to get written doctor's permission to work out, and they were going to charge more for having high cholesterol. Samaritan is more user-friendly.

We are, however, open to looking into Christian Healthcare Ministries because I think it may cost less and people we know seem to be pleased with them, too.

Dr. Donald says:

We use Samaritan Ministries the past couple of years. We like the idea of sending money directly to those in need.

However, I'm thinking about dropping it because of the expense. I am covered by Medicare part A but haven't signed up for Part B - I know I will be penalized if and when I do.

Katherine says:

We have been using Samaritan Ministries for about 5-years now. We send our monthly "Share" directly to participants in need. I love that my check is written out to a person!! This is done for 10-months; the other 2-months are sent to SM for admin costs. We started out at approximately $360 per month for a family of 2; it is currently is $440.

The only time we have submitted a need is for my husbands stem cell procedure on his knee. This treatment is not covered under traditional health care plans. SM covered it 100% after $350 deductible. The stem cell used was his own. It was completely successful and so he avoided a knee replacement. This plan is not a fit for everyone but it works great for us.

Rob says:

My wife is part of the health care sharing Samaritan Ministries. I qualify for Medicare. We decided on Samaritan because it was a little cheaper than the others we looked at and because we get a discount at our primary care facility for belonging to Samaritan.

Dr. Miguel says:

We use Samaritan ministries. I chose them over the others because they pay for chiropractic and non-traditional therapies while the others that I researched strictly stuck to medical care. My wife has used them extensively it is paid for her to have IV therapies, Rolfing, functional medicine and other non-traditional therapies for a shoulder injury. It also paid for her to have shoulder surgery and we have been extremely happy. It paid for everything.

We were able to negotiate cash fees for the services for a substantial discount which went towards the deductible that Samaritan ministries and laid out. We pay for $50 per month for my wife and I. This is substantially better than the best deal I can negotiate with traditional insurance.

Christian Healthcare Ministry:

Valerie says:

We have been members of Christian Healthcare Ministry since 2011. They have been amazingly supportive and prompt in processing any medical bills we incurred. We have chosen to be Gold level members at only $150.00/month. Any discount given by the healthcare provider is credited to your deductible. We have also been members of their Brothers Keeper program which bills quarterly only if any claims above a certain amount are received. The quarterly gift amount has never exceeded 25.00 each. There is also a Prayer Page which lists people that have pre-existing bills and members can choose to donate.

After I had a surgical procedure I received a phone call from the Executive Director to check on me. And this was during the Christmas season! They have experienced huge growth since Obamacare went into effect but have hired additional team to support the growth. We recommend this to everyone.

Dr. Gregg says:

I've been using Christian Healthcare Ministries for more than 2 years. It is very affordable and my out of pocket is minimal. I've only had one claim in these two years and ended getting reimbursed from the the entire amount I had paid to the doctors and hospital (over $1700.) I am a raving fan now.

Eric says:

We are "using" Christian Healthcare Ministries health care program. Have been "signed" up with them for maybe 3 or 4 years. We have never used or required their assistance to pay for any health care costs.

We pay $90 per month, plus $90 each quarter for the two of us. My wife is 61 and I am 63.

Shaun & Julie say:

Our family belongs to Christian Healthcare Ministries. They have been a wonderful family to us since January 2015.

>>>>>

Ever feel like you're trying to decipher Mandarin Chinese when it comes to Life Insurance? 🤔

Each industry and niche has a special set of terms, and it all becomes much easier when you know what these terms mean!

Get the high-level overview today which is more than average life insurance agents know. And if you already have life insurance request a complimentary Policy Review to understand what you own.

Click here to Request Your Complimentary Policy Review

Some people love it.😍 Some hate it.😡 Explore the value of life insurance in your financial plans and how to integrate this tool to maximize your results.

The Perpetual Wealth Code™ outlines a system to build a strong foundation for your financial future.💰 Today we review this system and answer relating questions from the 2018 Wealth Summit audience. 🎤

Missed the Wealth Summit? Get Online Access to the Recording Here - $297

📞 Call 702-660-7000 to discuss your personal situation or Request a Strategy Session

Questions Answered in this Episode:

• Is Life Insurance a Good Tool for Building Wealth?
• What type of investments do the McFie's use their policy loans for?
• How many Bank Accounts does it take to do the Perpetual Wealth Code?
• Can I borrow from a source to pay my policy/start my policy and then borrow from the policy to pay the loan back? ~ David
• What about transferring 401k money to policies?
• If someone only has 5-10 years of full-time work productivity left can this insurance concept still work for them and how? ~ Dr. Janis

Coming up next week: Life Insurance Made Easy

Half the battle is knowing what the new terminology means. Tune-in next week and you'll know more about life insurance than the average life insurance agent! ✅

📩 Subscribe to Wealth Talks Podcast Here »

Health Insurance Made Easy with Special Guest Jack Hooper Open Enrollment for 2019 Health Insurance is just around the corner! (November 1st - December 15th 2018) Small Business Owners (up to 50 employees) have some great options to limit cost and help em

In 2019 we'll be hitting the road for workshop events around the USA. You can submit a request for your area on our website here www.life-benefits.com/contact. Or let us know by phone 702-660-7000.

Get Online Access to the Full Wealth Summit Recording - $297 (ready by December 1st or as soon as editing is done)

2019 Wealth Cruise Details

Today on Wealth Talks, join Tom, John, and Michele McFie as they take questions from the live audience at the Wealth Summit. Learn about the Perpetual Wealth Code, Life Insurance, and advanced strategies about money.

If you ever get the dreaded "brown envelope" from the IRS, you want someone like Jack Cohen CPA on your side of the table. Jack worked for the IRS for 33 years and now represents people in front of the IRS…you could say he say he saw the light and turned back from the dark side.

Today on Wealth Talks, Jack previews some the topics he'll be sharing at the Wealth Summit including the new limitation on SALT deductions (State and Local Income Taxes) and the 2018 tax break for business owners.

Don't miss the crazy story about the IRS reporting one of Jack's clients to the local 911 near the end.🤣

Special Offer compliments of Life Benefits: Contact Jack's office at 702-255-2330 for a no-charge review of your latest tax returns.