Laid off

I got the news via email (at 3 AM, which is nice) that Fee-Basis are being laid off by Ambulatory Care/C&P for the next 2-3 months or until C&P resumes normal operations. They are suspending any in-person exam requests and our outgoing program analyst (Curray) said he wasn’t sure they would have enough work for the FTEs (full-time equivalent) as well. While I can’t disagree with the logic, it came a bit faster and harsher than expected.

We’d already been game-planning the possibility, so it doesn’t come as a complete shock, but again, it was a bit sudden. Right now I’m trying to decide how I’m going to approach this. I sent out a feeler to Holly Gallegos (fellow Fee Basis and VES examiner) to see if she had an updated point of contact with VES. I have a feeling they are going to be scaling back if not suspending operations as well because I assume conducting exams would open them up to some liability issues. I’m curious if VBA is triggering the change to what they call ACE (acceptable clinical evidence), meaning exams and opinions that can be conducted remotely. That may be the case. This means that there’s probably going to be a huge backlog again in the future when the VA resumes normal operations.

I’m not sure, but it’s possible we can survive on my pension income alone, so we’ll just ride the storm out for as long as needed. We’ll have a better idea in the next couple of months about what’s happening with our cash flow. I’m debating about resuming a full-time schedule with Berklee, but I honestly would rather change my major to dual Guitar/Music Production before taking any more classes. I’ve got to decide on an audition and just submit it. Ironically, I’ve been laying off the guitar for several days with the COVID doldrums, so this may be the spark I need to get my playing back into shape. I hope my elbows are on board for this as well.

This was always the big risk/worst-case scenario when I decided to switch to Fee-Basis three years ago. I can’t really complain because I’ve been able to earn an additional three year’s salary above what I would have earned as an FTE, not to mention I’ve been working three days a week at most. It’s a strange feeling to think I’m not going to be scheduled to work anywhere for the indefinite future. COVID-19 is proving to be this generation’s single greatest cultural, economic, historical, etc. event. The world is already significantly different and I don’t see things ever going back to where they were before.

I’m glad we had paid so much down on the house, although the argument could be made that a bigger emergency fund would have served us better in the short term. We crossed under $100K a few payments ago, so switching to the minimum payment will stretch out our payoff date to six years, down from our plan of one year. We have a decent checking balance at present, so I’ll just watch what happens to our balance over the next few months. Given our normal monthly necessary (emphasis on necessary) expenditures, we may break even or even accrue income.

I’ve started canceling all the non-essential subscriptions, mainly to some music programs like Steven Slate and East-West Composer Cloud. I may leave others as-is for now, just to see what happens with our bank balances. We shouldn’t need to cut off any vital services like phone, internet, television. We should have enough money to cover those as well as groceries. We do have to think about those big financial outlays like the various insurance bills - medical, home/auto. We should be able to cover those, but they are big single time expenditures different than monthly maintenance.

I think there may be some silver linings to these clouds, although difficult to see at present.