COVID Relief Funds: How They're Helping to Reduce Medical Debt
In an effort to help those struggling to pay off medical debt due to the COVID-19 pandemic, a new fund has been created to provide relief. The COVID-19 Medical Debt Relief Fund, which was announced this week, is a joint effort between the American Medical Association (AMA) and nonprofit RIP Medical Debt. The Fund will provide financial assistance to individuals and families struggling to pay off medical debt incurred during the pandemic. The Fund will provide debt forgiveness of up to $25,000 per person and up to a total of $300 million in debt relief nationwide. The Fund is intended to help those who have been hit hardest by the pandemic, including low-income individuals, minorities, and those with chronic health conditions. The AMA and RIP Medical Debt are hoping to provide relief to as many individuals and families as possible, and are encouraging donations to help support the cause.
source: Phys.org