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An Update on Medi-Share – September 2017

Family Balance Sheet

It was effective on January 1, 2017 and to be honest, I didn’t think I would have much to say about it through out the year. Everything changed very suddenly on Saturday, June 25, 2017 when one of my children started complaining. How has Medi-Shared worked for us thru July: A breakdown of our medical bills through July 2017.

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Why We Left Traditional Health Insurance

Family Balance Sheet

COBRA (an acronym for Consolidated Omnibus Budget Reconciliation Act of 1985) is a law that was passed during the Reagan administration that allows employees to continue their health coverage after leaving employment, but the employee must pay for it. I had no idea how easy health care was for us until I left that corporate job.

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The Best Cash Back Sites for Holiday Shopping

For the Mommas

The Best Cash Back Sites to Save on Holiday Shopping. We all need to decide on a budget, who we are buying for, how much to spend on each person etc. Maybe even use to start up a 2017 holiday savings account. I know it is not even Halloween yet, but it really is time to gear up for holiday shopping.

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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. We started using it in January 2017 and I wrote all about it, so I won’t rehash it all here.

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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

In November of 2016 we were facing a hefty health insurance premium increase for 2017 that was more than twice what we paid in 2016. How Medi-Share Will Affect our Finances: We were facing monthly health insurance premium options that ranged from $1360 – $1700, and a deductible of $10k or higher for 2017. Sleepless Nights.