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Medi-Share Update: One Year Later

Family Balance Sheet

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. They were so unaffordable, we actually considered taking the tax penalty and going uninsured. 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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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. 5) “ Your monthly share payment is not deductible for federal income tax purposes as a charitable donation or as a medical expense. Unfortunately, we are losing some significant tax benefits.

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Why We Left Traditional Health Insurance

Family Balance Sheet

We did take advantage of one benefit of a high deductible health plan: a Health Savings Account. A Health Savings Account (HSA) is for individuals who are covered under high-deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. How would we afford the have health insurance?