Connecticut Governor Ned Lamont announced on Friday that the state will pioneer a program to Erase Medical Debt for all eligible individuals.
Governor Lamont announced that the CT state will pioneer a program to Erase Medical Debt (Photo from WSHU)
Governor Lamont to Erase Medical Debt, Offering Swift Relief to Thousands in Need!
This initiative is a lifeline for thousands grappling with unpaid medical bills arising from unforeseen health crises. Appearing on “Good Morning America,” Governor Lamont underscored the notion that medical emergencies should not be compounded by financial burdens. The program aims to Erase Medical Debt and alleviate the financial strain caused by medical crises rather than excessive spending.
Through this initiative, the state will collaborate with an external organization to automatically Erase Medical Debt for qualified residents without the need for individual applications. Relief is anticipated to reach recipients by June, offering swift assistance to those in need. Notably, individuals who Erase Medical Debt by nonprofits will not face additional taxes, according to IRS regulations.
Eligibility criteria include a household income up to 400% of the federal poverty threshold or medical debt amounting to 5% or more of annual income, as reported by “Good Morning America.” Connecticut plans to utilize $6.5 million from the American Rescue Plan Act to erase $1 billion in medical debt to Erase Medical Debt, a strategy initially proposed by Governor Lamont last year, aligning the relief with COVID-19 recovery funds.
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Erase Medical Debt Boosts Finances and Emotional Well-Being!
This thoughtful approach not only aids residents financially but also contributes to emotional well-being, potentially injecting millions of dollars back into Connecticut’s local economies.
In essence, Connecticut’s forward-thinking initiative demonstrates compassion for residents facing financial challenges, particularly in the aftermath of health crises, while effectively utilizing recovery funds to address both economic and emotional aspects of medical debt.
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