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An Update on Medi-Share – September 2017

Family Balance Sheet

After a lot of thought at the end of 2016, we decided to take a leap of faith (pun intended) and try Medi-Share, a health sharing ministry that is promoted as a biblical and affordable solution to traditional health insurance. He examined our daughter and immediately set up a procedure under anesthesia for Friday morning. DO NOT STOP!”

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

I’m busy raising my daughters with my 50-something husband, managing our small business, and writing my blog. ” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. And Read some more.

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Medi-Share Update: One Year Later

Family Balance Sheet

That was a hit to our budget, but we reworked our numbers to find the funds and make it fit. However, on November 1, 2016, we logged on to healthcare.gov to renew for 2017 and found premiums had doubled and the options were limited. After that first update we thought our daughter was in the clear and our medical drama was behind us.

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Our 2018 Financial Goals

Family Balance Sheet

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We hit our Annual Household Portion (kind of like a deductible) of $10,000 with Medi-Share in 2017 when our daughter had an unexpected medical condition arise that required multiple tests, 3 surgeries, and medication.

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Why We Chose Medi-Share, an affordable solution to traditional health insurance

Family Balance Sheet

At the end of 2016, our finances were affected in such a dramatic way by health insurance that my husband and I made a very deliberate decision to leave the traditional model for a very non-traditional and somewhat unknown option: health cost sharing ministry. I ran some numbers with our accountant. Sleepless Nights.