Resources for COVID-19 Financial Help

Below you will find information about government programs and resources in response to the coronavirus pandemic as well as tips for when money is tight. This page will be updated as news releases.

For Current Clients

We’re here to help. Call us if you have questions or concerns about your debt management program.
Speak to Customer Service: 1-888-734-6229

Financial Help for Coronavirus COVID-19

The federal government tripled down on its effort to help Americans through the Covid-19 pandemic.

If you are struggling through the pandemic, chances are there is a federal or state relief program available to assist you. To make it easier to sift through the Covid-19 relief options, we have prepared this helpful guide.

Government Programs for Coronavirus Relief

President Biden signed into law the American Rescue Plan March 11, 2021, providing more relief for Americans struggling through the Covid-19 pandemic. The $1.9 trillion stimulus package included stimulus checks, tax credits, housing assistance, extended unemployment benefits, and more help for small businesses.

FEMA Support for COVID-19 death funerals

FEMA will provide up to $9,000 in funeral assistance for COVID-19 deaths. For more information, call FEMA’s funeral assistance hotline:844-684-6333 (TTY: 800-462-7585). 

Expanded Supplemental Nutrition Assistance Program (Food Stamps)

For those who qualify, the monthly SNAP allowance has increased by approximately 15%. The amounts to an increase of $28 per person, per month. This benefit is available until the end of September. Learn more about SNAP and how to apply.

Free and Reduced Health Insurance Costs Through the ACA and COBRA

Subsidized Policies through the ACA

The American Rescue Plan Act also increases the income ceiling to qualify for a subsidized premiums through the Affordable Care Act exchanges (healthcare.gov) or your state’s exchanges, to $157,200 (for a family of 4) and $76,560 for an individual, until the end of 2022.

Additionally, those who receive unemployment benefits can qualify for a free policy, regardless of income, through the exchanges.

To learn more, visit healthcare.gov.

Payments to Parents

As part of the American Rescue Plan Act, the IRS will commence sending payments to qualifying parents. These payments will be in the amount of $300 per child per month for children under 6 and $250 per child per month for children aged 6-17. Qualifying families must have adjusted gross income under $150,000 and single parents under $75,000. Here are the expected payment dates released by the IRS. These payments are an advance of the Childcare Tax Credit, which has been in place for several years, but is normally available only after filing taxes.

• July 15
• Aug. 13
• Sept. 15
• Oct. 15
• Nov. 15
• Dec. 15

If you qualify but did not receive a monthly child tax credit check, you may see a larger than usual tax refund in 2022.

Rental Relief

The moratorium on evictions was extended in counties where COVID-19 is spreading rapidly. To find out if the eviction moratorium has been extended where you live, visit this link from the CDC. If you are behind on your mortgage, you can apply for monetary assistance. To be eligible you must make under $99,000 individually or $198,000 as a couple. You also need to attest, in writing, that you can’t pay your rent by submitting this form to your landlord. In addition, Emergency Rental Assistance was made available to states and local governments.

Student Loan Interest Suspended

President Biden, via executive order, extended the moratorium on student loan payments until May 1, 2022. Student loan borrowers have the option to suspend payments with 0% interest. For more details, student loan borrowers should contact their loan servicers.

Tax Breaks

The American Rescue Plan also expanded the Child Tax Credit to $3,600 for children under the age 6, and $3,000 for other children under age 18.

The first $10,200 of unemployment received in 2020 will no longer be considered taxable income. If you paid income tax on this money already, you should expect a refund from the IRS.

How to Enroll in SNAP Benefits

Find information about how to qualify for food stamp (SNAP) benefits, how to apply for food stamps, and how much you can expect based on household size.

Additional Resources:

• About Government Benefits
• How to File for Unemployment Benefits
• Benefits Finder Tool

Unemployed & in Debt: What to Do

Many workers will be out of a job as the fallout from COVID-19 sweeps across the nation. Here are the steps you should take if you find yourself unemployed and in debt.

Additional Resources:

• What to Do After a Layoff
• Finding a Job After 50
• Freelancing in the Gig Economy

When You Can’t Pay the Bills

Find out where to get help paying your bills, including utilities, mortgage, rent, insurance and child support, and how to prioritize your payments and minimize the damage.

Additional Resources:

• Help With the Electric Bill
• I Can’t Pay My Car Loan
• I Can’t Pay My Credit Cards

Money Saving Tips

Managing your finances can be a struggle during these times of uncertainty. No one knows what the economic impact of COVID-19 will be and how long it will last, so it is important to get ahead of the game and prepare. We put together a list of money saving tips to help you streamline your budget.

Homeschooling Materials

As schools and businesses close, many parents are having to take on homeschooling duties, and with so much talk of the economy, there are sure to be lots of questions. There’s no better time than now to teach your kids about the importance of personal finance. InCharge has lesson plans and worksheets available for free to download and print for K-8, high school and even college students.

Lesson Plans and Activities About Money for Kids

These lessons provide guidance, lesson plans and activities for teachers interested in introducing four to seven year old children (pre-school, pre-k, first and second grade) to early financial literacy concepts.

High School Finance Curriculum

The teaching curriculum consists of fourteen lesson plans & worksheets designed to augment a semester course in life skills and personal finance management. The Teacher’s Guide, compiled in a separate, easy-to-use notebook, includes an outline of the curriculum, teaching notes and answer keys.

Personal Finance for Young Adults & College Students

Our personal finance course covers a number of important topics faced by young adults who may be living on their own for the first time. These resources also lay the groundwork for major decisions that happen shortly after college graduation – like buying a home, a car and managing credit and debt.

Where to Go for Information About COVID-19

Your health should be the No. 1 priority right now, so we encourage you to take the proper precautions. The CDC has information about Covid-19 testing and vaccines. They also list some resources and guidance for businesses, schools, community organizations and travel companies.

State and Local  Resources

Check your state’s .gov page, and your city and county’s websites for more information about Covid-19 testing and vaccines. The CDC provides some information, but the rollout of the tests and vaccines will rely on state and local health departments as well as healthcare providers.