Sending your midyear grades only hurt if they aren’t very good. 
SfMed/SfDentalMed decisions are made by the med/dental school. The Honors College and WISE send a small handful of applicants over for consideration (typically 30-40 out of the pool of over a thousand) and the med/dental schools then decide who they want to interview.
@ggwpafk823 - That’s a financial aid question; my instinct says yes, but I don’t know that. Call them directly at 631-632-6840.
Chris