Health Insurance is Ridiculous.

by Mrs Money

Open enrollment just ended for Mr. Money’s employer.  Since I’m a stay at home mom, we basically have the option of enrolling in Mr. Money’s health insurance through work, try to enroll through the exchange, or seek another option such as Medi-Share.  This year we ran out of time and enrolled in the health insurance for our whole family through United Healthcare with his employer.  The cost? Over $7,000 a year. Whoa.

First off, Mr. Money is a chef and does not make that much money. $7,000 is a huge chunk of change to us, especially with being a single income family.  I see that huge sum and think of all the better uses I could do with that money.  Second, our deductible for this health insurance plan is $5,000.  We have to hit that out of pocket before they cover anything! That’s ridiculous. I’m pissed off and am going to be exploring different options as we have time to research it.

I’m really thinking of checking out the health sharing companies such as Medi-Share.  I considered it many years ago, but didn’t really need it then so we didn’t look too much into it.  Now I feel like it’s definitely worth looking into with the exorbitant amount that we’re paying each month for crappy coverage.  Don’t get me wrong, I am thankful that we are eligible for health insurance and that we are on a company plan, but I just wish it was actually affordable for middle class families like us.

The nice thing is, we’re fairly young and healthy and mainly only go to doctors for well checks and annual physicals.  Even if we had to pay out of pocket for well checks if we went with a program like Medi Share, we’d still come out ahead according to their cost calculators.  I hate paying out of pocket for things, but I hate wasting money even more.

Health insurance shouldn’t be this difficult. It’s something that I’ve struggled with for many years- trying to find coverage when I became a stay at home mom, trying to actually get coverage with pre existing conditions, and figuring out what to do when Mr. Money lost his job and we were without income and health insurance.  It’s frustrating because I feel like our family is pretty well versed in health insurance info, and I can’t imagine how others feel that don’t understand it quite as well.

I do like the idea that people are helping people with the health insurance alternative companies.  I’ve honestly considered going without health insurance and just paying the penalty but obviously know that is not an ideal solution to this problem.  I just see saving all that money and it sounds like a good idea!

I need to sit down and run numbers and see what makes most sense for our family.  Hopefully I’ll be able to find an option that will save our family some money and may offer better coverage for us. That would be awesome!

What do you think about the health insurance options and cost available today?

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How a Passion for Saving Money Can Lead to a Lucrative Career

by Kaylie Phelps

Saving money isn’t always about dropping those pennies in the piggy bank or setting aside a portion of your paycheck into a savings account, even though both are effective ways to save money. Some people look at saving money from another perspective because they have a passion for finding good deals on everything they buy. If they can’t buy it at a discount, they won’t buy it at all until they find a sale.

This, too, is a good way to save money so when you put both of these techniques together, you would be amazed at just how sizable a nest egg you can build. If you are an old pro at saving money and have a passion for finding new ways to do so, have you considered sharing what you’ve learned with others? You just might make a lucrative career at it!

Saving Money Out of Need

Quite often we begin looking at creative ways to save money simply because there never seems to be enough to go around. A good percent of the time this starts as early as our college days when we are studying too hard to work full-time, yet still need to make a living. Some students solve this dilemma by studying for an online business administration degree, for example while working full-time. They can attend online classes from colleges like Arizona State University where they learn sound business principles at the same time as they are practicing them in order to keep on going with their chosen degree.

Why an Online Business Degree Is So Useful

If you step back for a moment, you will see just how your passion for saving money relates to that online bachelors in business you are striving for. One of the concepts you learn is how to be cost effective in administrating a business – and that’s just what you are doing in your own life. You hope for a day when you no longer need to do so, but that day has yet to come.

Why not take that online degree and turn it into your own little financial planning business? You love saving money, have become very adept at it and in the process you have found a way to accumulate enough to invest for a future return. These are the little tips and tricks you can pass on to others so that they, too, can have a better life in the end.

A Business Degree Is Not Always Best Suited for Corporate America

Not all students with an online bachelor’s degree in business end up working in the corporate world. Some come fresh from school with entrepreneurial ideas that they turn into virtual cash cows. Isn’t it interesting to note that a passion for saving money can lead you into a career where you can make huge sums helping others to save as you have?

Financial planners who have passed the CFP exam are in great demand, not only for corporate investments but personal savings and investments as well. Take your passion to the next level by starting your own little financial planning business and help others achieve financial freedom as well.

What a sense of accomplishment that will be!

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