Daily News | CHOP’s Medical Financial Partnership program offers free tax preparation and financial counseling services to families
at Boston Medical Center. He said that families of patients are often surprised to hear that these services are available to them, especially for no cost.
CHOP partners with several nonprofit organizations to provide these services, like the Campaign for Working Families. CWF offers free tax preparation, which helps families to potentially save hundreds of dollars on filing fees and maximize their returns. Owens explained how getting the most out of tax returns with credits like the EITC and the child tax credit can be a major help to Philadelphia families who might not even be aware they are eligible for them. “It really helps to elevate a lot of our families above and out of poverty and be able to meet their basic needs and expenses at critical junctures [of their lives],” she said.There are also plenty of government benefits that CHOP’s families underutilize.
A crucial element of the medical financial partnership is building financial literacy. CHOP and its partners believe that with better understanding of their finances and better planning for the future, patients and their families can be healthier in the long term.
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