If there is one thing that is true, it’s that a pandemic changes people’s lives. Coronavirus has turned America upside down, and the economic fallout could be substantial. People who perhaps never thought they’d need to have health insurance or to cover a severe injury at their age could find themselves with significant medical debt.
There is also an interesting twist that could help some people, though, and that’s the potential for many periodic payments to be suspended while the country goes through this struggle together. There are calls for income support as well as delays on mortgage payments, monthly debts and others.
Another interesting change that may occur is that people who need to be tested for the virus may be able to do so for free. This could have substantial costs with or without insurance, but with so many Americans threatened with financial trouble, the free tests will make a difference in preventing at least some of the medical debt that could otherwise plague the nation.
As you know, with such a sudden change in the economy, many people are making suggestions on how the country will be able to survive the financial implications. For now, many people, especially those with debt, are wondering how they’re going to be able to pay what they owe. The situation is changing quickly, but if you have debt that is overwhelming and aren’t sure what’s going to happen if you end up without work, you may want to reach out to your attorney for more information on the current steps being taken to help people like yourself.