Monday, November 9, 2020

An Expense Going Away

We have good news! Our oldest daughter who graduated college this spring has accepted a full time job! She has a few weeks until she starts and can telework from her current town, but will need to move when the office is done with teleworking. 

We are excited that she will be self sufficient, but more excited that she will be able to obtain health insurance from her company. We have been paying a $228/month premium for her to be on our military health plan. We will put in the cancellation request as soon as her new plan is effective.

The monthly premium was essentially equal to my husband's raise in January 2020. It feels like getting a raise. We tend to save all raises for retirement and now also our Pot of Possibilities!

I expect January might be the earliest we could cancel, but may depend on the effective date of her new plan. 

2 comments:

  1. Congratulations to your daughter!

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    Replies
    1. Thank you! It's quite exciting when children become financially independent of their parents. One down, one to go! :)

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