If you received a small Medicare payment from the first CARES PRF distribution, and you missed the deadline to apply for the Medicare 2%, you will have a second opportunity to apply for the 2% through another Medicare distribution.
Starting on August 10, you will be able to go to the CARES Act portal and apply to get the 2% (same as Medicaid providers are receiving right now.)
This does not apply to:
a) folks who applied for and got their Medicaid 2% money
b) folks who got a small amount of Medicare money then already applied for and received the Medicare 2% money
Folks, please spread the word on this because the window is only like 18 days.
Second Chance for Certain Medicare Providers
Starting the week of August 10, HHS will allow Medicare providers who missed the opportunity to apply for additional funding from the $20 billion portion of the $50 billion Phase 1 Medicare General Distribution. In April, to expedite providers getting money as quickly as possible, as they faced the financial hardships stemming from suspended elective procedures and other COVID-19 related impacts, HHS, utilizing the Centers for Medicare and Medicare Services (CMS) payment information, distributed $30 billion directly to Medicare providers proportionate to their share of 2019 Medicare fee-for-service reimbursements. This was part one of the $50 billion Phase 1 Medicare General Distribution which sought to offer providers financial relief equal to 2 percent of their annual revenues. Providers that do not submit comprehensive cost reports with CMS were asked to submit revenue information to a portal to receive the balance of their 2 percent payment of General Distribution funds. Some providers, including many Medicaid, CHIP, and dental providers with low Medicare revenues, did not complete an application by the deadline for this additional $20 billion round of funding. HHS, in its principle of ensuring fairness in the administration of the Provider Relief Fund program, is now giving those eligible providers another opportunity to apply for additional funding. They will have until August 28, 2020, to complete an application to be considered for the balance of their additional funding up to 2 percent of their annual patient revenues.
And if you want to know #WhatHasTheAAPDoneForMeLately, it was advocacy to make this happen.