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Important to Save (and maybe File) Proof of Health Coverage with Form that comes in the mail (or call to get a replacement if you lost it..)

on Fri, 02/24/2017 - 17:20

 

Not everyone has to include the form one receives about their health insurance but don't toss it out. There may be some info to include on one's tax forms. I am No Expert but am trying to give others a heads up. The other thing to learn about is The Actual Cost of one's insurance versus the sticker price. In some states (maybe most with the Obamacare Medicaid extension to more people under 65) if you are not on a free program (which could tap your assets and inheritance etc later in life...again look into the details) there may be a credit paid by the IRS or thereabouts and so the monthly rate you pay could be significantly lower.

Again check with the pros or other outreaches and online. Good luck and of course with Pres. Trump all that can change in months and years so good luck making plans and finding some other supports if costs rise or coverage disappears. Promote health and preventive measures (which most doctors and others do not have as a goal or background to help one implement. See the uphill battle to do what is practical like eat right exercise and check one's blood sugar numbers (including A1C and fasting glucose especially if pregnant or having other risk factors such as being over 45 overweight or having a family history of diabetes and I would add any kind of alcoholism.)

Well after writing a great post wtih lots of handy tips about keeping track of forms in one handy notebook, I pressed a key and lost it Good grief and rather funny. So google YOUR STATE Health Insurance website, get your Form 1095 from the mail or request one if you lost it, etc so you can Prove You had health insurance to the IRS so you don't get penalized. I better post before another ghost writer deletes this.  in a secure location (under your mattress?) Keep computer passwords, names, addresses you need for your family along with social security and phone numbers and driver's license numbers or college application dates or FAFSA and CSS key words in One Place (Note Book/s).

That's easier said than done especially with more than one or two kids. But worth Trying. And learn a few things about keeping track of important life events as you get older..learn from the internet and we could help others know what's key and helpful to know a few years in advance.

That'll be another post, but start with learning about how your bank account works online and if there are penalties or fees for having paper bank statements, for not using e-banking regularly (accounts can be put to sleep etc then paper statements mailed and charged for instance.)

Keep a handy dandy calendar for the year to mark when to renew health or car insurance etc. Pay things online with automatic bill pay if possible or have a clear plan to pay bills the first of the month or what works to be On Time and not get hit with late fees (and credit demerits..)

Keep track of FAFSA and CSS codes and such as your child applies to college, those cover the financials which are very important to factor in over four years of their schooling or consider with insight from www.aier.org or com and other forums to assess the overall value of an education. All the best and study and you'll pass the test or have help as you ask and receive the information in a timely manner. Ciao for now!

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