12/2/2020
The COVID-19 Pandemic's Impact on Medical Billing | Davia Ward | Medical Billing
a The COVID-19 Pandemic’s Impact on Medical Billing by Davia Ward | Nov 29, 2020 | Blog, Davia Ward
The existence of the COVID-19 pandemic has resulted in additional stress for families and individuals trying to gure out how to pay their medical bills. If a family is struggling with job loss or experiencing the virus rst hand, medical billing may be at the top of their worries. The pandemic has added brand new concerns for Americans struggling with healthcare costs, but there may be some solutions for those concerns, even if they are also currently facing unemployment. COVID-19 and the CARES Act The CARES Act is most well-known for providing the temporary extra $600 a week in unemployment bene ts for those who lost their jobs as part of the https://daviaward.com/the-covid-19-pandemics-impact-on-medical-billing/
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12/2/2020
The COVID-19 Pandemic's Impact on Medical Billing | Davia Ward | Medical Billing
COVID-19 pandemic. However, the CARES Act provided a number of other economic provisions that may help with COVID-19 medical bills. These additional measures included housing assistance and the ability to make withdrawals from retirement accounts. Although these bene ts are not directly related to medical bills, they do reduce the overall nancial strain upon a family. This in turn can make it easier for families to pay their medical bills if they are experiencing a nancial burden due to the COVID-19 pandemic. The CARES Act also made it possible for individuals to include over-the-counter medications as quali ed medications for their Health Savings Accounts, or other type of medical spending account. Menstrual products may also be paid for through a medical spending account. Families First Coronavirus Response Act (FFCRA) Since the COVID-19 pandemic was such a new medical emergency, many families worried about how they were going to have to pay for potentially devastating diagnostic bills. However, the FFCRA provided free testing for anyone with insurance. The FFCRA prevented insurance companies from charging copayments, deductibles, telehealth fees or coinsurance if you are getting tested for the Coronavirus. Future vaccines should also be covered by insurance, according to the FFCRA. Telehealth Costs Related to COVID-19 Although telehealth visits have been available for a while, the emergence of COVID-19 has made them a necessity for many patients. That change in the way that providers o er care has actually bene tted patients. Healthcare providers, including mental health practitioners, responded to the pandemic by providing lower cost or free services to anyone using telehealth methods of care.
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