Beating COVID-19: Tips for Your Insurance, Finances, and Business - April 17, 2020

April 17, 2020
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News. Insights. Analysis. Inspiration.

"What If COVID-19 Lowers Health Claims?"

From Think Advisor:

* If COVID-19 really does cut spending on ordinary claims about 40%, then health insurers could save about $31 billion, or 40% of $78.5 billion, on ordinary claim payments.



"Opening the spigot: Banks and fintech companies gear up to handle an avalanche of loan applications under the $2 trillion stimulus law"

From NJ Biz:

* John Boyd, principal of Princeton-basedThe Boyd Co., told NJBIZ that the loan application process will be streamlined but the overall tasks will resemble the steps in place before COVID-19 and the stimulus package.



"How To Get Your $1,200 Stimulus Payment Direct Deposited To Your Bank Account"

From Wealth Advisor:

* In late March, the federal government passed the CARES Act in response to the coronavirus crisis. As part of this new legislation, individual workers, independent contractors, gig workers, and freelancers are immediately entitled to receive a onetime $1,200 payment ($2,400 for married couples) from the IRS, plus an additional $500 per dependent 16 years or younger.



Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here