Believers are not punished at final judgment but may experience loss of rewards; the Bema Seat (1 Corinthians 3) is a judgment for rewards, not condemnation.

Mike distinguishes two distinct judgments: (1) for the unsaved — punishment according to their wickedness (Revelation 20:13); (2) for the saved — the Bema Seat (2 Corinthians 5:10, 1 Corinthians 3:12-15) where works are tested and rewards given. A believer whose works were bad may suffer 'loss' — their reward burned up — but they themselves are 'saved as through fire.' The purpose and nature of the judgment is fundamentally different for believers versus unbelievers.