We've switched to a new insurance company. After spending/wasting all of the daylight hours given in one day, I managed to find us MUCH CHEAPER auto and homeowner's insurance. It all worked out nicely that the new insurance kicked in the day that the previous insurance ended. The new insurance company seemed excited to add us. The old insurance company was very casual about losing us. I thought they might ask why they were losing profit customers after 4 years. But, no, they didn't seem to care at all. Odd folks.
I took the insurance savings amount and moved it over to the medical expenses line item of our budget. It became quite clear, recently, that we needed to budget much more money for medical expenses. Of course, those bills are flowing in almost daily this month. I had a couple days of dreading checking the mail. I have to keep reminding myself that it was not always like this, and it won't always be like this....it's just the way we roll right now. The budget is adjusting.
In an attempt to plan savings for the upcoming surgery expenses, I asked The Referee to track down more details about our medical insurance. After paying our co-pay for office visits, we have an annual deductible to meet, before the insurance company will pay 90% of our medical costs. The remaining 10% is termed "co-insurance," which really means our out-of-pocket expense. Thankfully, there is a maximum co-insurance that we are responsible for in a given year. I am so grateful for this, because 10% of a quarter-to-a-half-million dollar open-heart surgery is A LOT of money!!!! I am so glad we do not have to pay that. Instead, we pay a maximum of $3000 in expenses classified in the "co-insurance" category. Whew! So, my next budgeting priority is saving up for co-insurance, along with the travel expenses, and post-surgery medication & frequent cardiology check-up expenses.
I'm confident that we can do this! We've completely turned our budgeting habits around in the past 4 months, so I am hoping that our efforts will continue to grow and improve. Time will tell....
I took the insurance savings amount and moved it over to the medical expenses line item of our budget. It became quite clear, recently, that we needed to budget much more money for medical expenses. Of course, those bills are flowing in almost daily this month. I had a couple days of dreading checking the mail. I have to keep reminding myself that it was not always like this, and it won't always be like this....it's just the way we roll right now. The budget is adjusting.
In an attempt to plan savings for the upcoming surgery expenses, I asked The Referee to track down more details about our medical insurance. After paying our co-pay for office visits, we have an annual deductible to meet, before the insurance company will pay 90% of our medical costs. The remaining 10% is termed "co-insurance," which really means our out-of-pocket expense. Thankfully, there is a maximum co-insurance that we are responsible for in a given year. I am so grateful for this, because 10% of a quarter-to-a-half-million dollar open-heart surgery is A LOT of money!!!! I am so glad we do not have to pay that. Instead, we pay a maximum of $3000 in expenses classified in the "co-insurance" category. Whew! So, my next budgeting priority is saving up for co-insurance, along with the travel expenses, and post-surgery medication & frequent cardiology check-up expenses.
I'm confident that we can do this! We've completely turned our budgeting habits around in the past 4 months, so I am hoping that our efforts will continue to grow and improve. Time will tell....
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