While a fourth stimulus check for Americans is highly unlikely, certain groups of individuals may be eligible to receive additional funding.
The extra money, unlike previous funding which was limited to certain states, is available to people who meet certain requirements, regardless of their residency.
Additional funding is available for groups of people who meet certain requirements and comes in the form of health insurance reimbursements, Social Security cost of living adjustments, and the Farm and Food Worders Relief grant program. , reports NJ.com.
According to Yahoo! News, The Affordable Care Act enforces “medical loss report” requirements. This means that insurers must meet a requirement that they spend 80% of their premiums on claims and âvalue activitiesâ for policyholders, while a maximum of 20% can go to overhead. In the case of group insurance plans with 50 or more employees, 85% of the premiums must go to âvalue activitiesâ to the insured with no more than 15% to overhead.
If the insurance companies do not meet these requirements, then they must issue annual rebates to policyholders, Yahoo! reports.
This year’s total payments are expected to be $ 2.1 billion paid to about 10.7 million Americans, according to the Kaiser Family Foundation.
Discounts can be shared between you and your employer if your insurance is covered by your business.
According to CNBC, Social Security recipients are expected to receive an estimated cost of living adjustment of 6% over the next year. The adjustment comes after the Senior Citizens League petitioned Congress to issue a $ 1,400 stimulus check to Social Security recipients.
Agriculture and food workers can look forward to additional relief in the form of a $ 700 million grant that will be available under the new Farm and Food Workers Relief (FFWR) grant program to help farm workers and meat packers face the health and safety costs associated with the pandemic.
According to the U.S. Department of Agriculture, the funds will provide grants to state agencies, tribal entities, and 501 (c) (3) nonprofits with experience in providing support or relief services to workers. agricultural or meat packing workers. Prices will generally range from $ 5,000,000 to $ 50,000,000. These eligible entities must demonstrate their ability to reimburse farm workers and meat packaging workers up to $ 600 for expenses incurred due to COVID-19.