The $50B Disaster Loan to parents of children with cancer
A federal disaster loan program is offering a $50,000 grant to parents with children with chronic health conditions who are eligible to receive medical assistance through the Children’s Health Insurance Program (CHIP).
The CHIP loan program, established in 1996 and administered by the US Department of Health and Human Services, allows eligible individuals with certain medical conditions to receive financial assistance to cover their out-of-pocket expenses for care and treatment at a private hospital, doctor’s office, or other provider, provided they also meet certain criteria.
The loan is intended to cover a minimum amount of the costs of care for a child who is currently eligible for CHIP.
The federal loan program provides financial assistance for up to $50.000 per child, per year.
To apply, parents must have children who are at least 18 years old.
In order to qualify for a CHIP grant, parents should have their child’s condition not be in immediate and extreme need, as well as the child have received care from an eligible provider at least six months prior to the application being submitted.
If a child has already received CHIP, the child must have received at least $1,000 per month in CHIP assistance in the prior 12 months.
In addition, if the child has a chronic condition, such as cancer, it must meet criteria for coverage under CHIP in the previous six months.
Parents who are unable to meet these criteria will not be eligible for the loan.
The application for the grant is available on the federal loan website.
If approved, the grant will be awarded to a qualifying family of up to three adults, who must be at least 19 years old and live in a state that accepts the CHIP program.
For more information, visit the CHIPP website.
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