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COVID-19 Updates - HHS Extends Deadline

Monday, May 11, 2020   (0 Comments)
Posted by: Jo Formal
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HHS has extended the deadline to 45 days for providers to accept the “Terms and Conditions” for amounts received from the CARES Act Provider Relief Fund.  Please see the attached release from HHS.  

 

In addition, the General Distribution FAQs for the CARES Act Provider Relief Fund have been updated to reflect newly issued information.  Attached is a copy of the recently released FAQs.

 

As a reminder, to complete the attestation process, the portals are available via the following link:  https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/index.html 

 

  • CARES Act Provider Relief Fund Payment Attestation Portal
    • Used to verify payments received and register attestations for the $30B and $20B general distributions
    • The following information is required:
      • The TIN associated with the payment received
      • The bank account number and payment amount for each of the distributions
      • Review of the applicable terms & conditions

 

  • General Distribution Portal
    • Used to verify revenues used to allocate the $50B general distribution and apply for additional funds (in addition to the general distributions above).  Only providers that have received a general distribution are eligible to apply for additional funds through this portal. No guidance is presently available on how much these additional funds might be, or how HHS will compute the additional payments, if any.  HHS indicates it expects to distribute the additional funds, if any, within 10 business days, Providers must submit:
      • Uploaded tax returns (or, for organizations that don’t file tax returns, audited financial statements)
      • Estimated revenue losses for March and April of 2020 due to COVID.  The FAQ document, attached, indicates the estimated losses may be computed based on comparison to budget revenue amounts, or March and April 2019 revenue amounts.

     

    This information is being provided based on the best information we have as of May 8, 2020.  If you have questions or we can be of assistance in this regard, please contact your BKD advisor


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