We are living in unprecedented times. For many of us, our daily routines might have changed, such as trading the commute to work for the pajama bottoms meeting. However, for many in the community, life continues on without too many difficult adjustments. There is a certain group of individuals out there, who have never had their daily routine change more dramatically than while braving the front-lines of the Coronavirus.
Medical Professionals of all backgrounds such as Physicians, Surgeons, Registered Nurses, LPNs, Nursing Assistants, EMTs, Lab Techs, and so many others are leading the charge against this pandemic. Often these individuals are equipped with scarce resources, endure long hours, and face dangerous situations. These heroes continue day-in, and day-out to serve their communities. Some are brand new to this field and are already being asked to serve before graduation. Others are even coming out of retirement to risk their lives to serve their communities once again.
With the recent passage of the Coronavirus Relief Package, there are still many lingering questions about what resources are available to healthcare professionals who are on the frontline of this pandemic. Fortunately, there are a number of petitions and pending proposals to provide additional assistance to those in high-risk fields. Particularly, U.S. Treasury Secretary, Steven Mnuchin, has mentioned that hazard pay is a consideration for first responders in a possible future stimulus package.
In light of the recent events and uncertainty surrounding future stimulus and government assistance packages, My Financial Coach would like to show our appreciation by acting as a center of knowledge and research for these constantly updating financial developments.
Below are some resources that we hope you will find helpful:
The Center for Disease Control and Prevention (CDC) has created several guides for Healthcare Professionals:
Guides for New Healthcare Professionals:
Student Loan Repayment/Assistance/Forgiveness Programs:
In addition to these resources, in our previous post “Going From Broke: 5 Questions Residents Have About Money”, we explored some of the biggest challenges and money questions that new doctors commonly have as they are getting started.
Lastly, for those who may not be in the healthcare industry but would like to do their part we have listed some additional resources.
How Everyday Citizens Can Help Healthcare Professionals:
At My Financial Coach, we understand that we owe a large societal debt to our brave healthcare professionals working during this time. As part of our commitment to recognizing the ongoing tenacity of our community and healthcare workers, we are waiving onboarding costs for everyone in need of financial planning until May 1st. We would also like to offer all healthcare professionals an additional waiver for the first 60-days of subscription costs for My Financial Coach.
For more information on how to take advantage of this offer please feel free to contact us. Are you the owner of a physician practice and would like to offer financial wellness and planning to your employees? Click here to find out more information on our new Physicians Page.
Wishing everyone out there in the healthcare community continued health and strength,
Andrew J. Crosby, CFP®, ChFC®, RICP®
Lead Financial Coach
