CMS Extends Repayment Period for Medicare Loans to Providers During COVID-19

The Centers for Medicare and Medicaid Services has announced new terms for payments issued to providers through the Accelerated and Advance Payment (AAP) program, which provides emergency advance payments in emergency situations. Repayment will now be delayed until one year after the payment was issued. To see CMS’s fact sheet on this change, click here, and click here to read an FAQ document.

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All Curi recommendations are based on current CDC criteria at the time of publication. CDC guidance for SARS-CoV-2 infection may, or may not, be adopted by state and local health departments to respond to rapidly changing local circumstances. Providers should always check with their local health department to see if the CDC’s guidance on any given topic has been modified (particularly if more restrictive) from the CDC’s recommended guidelines. Follow this link https://www.cdc.gov/publichealthgateway/healthdirectories/index.html for contact information to your state/local health department. If local recommendations vary from those of the CDC, and you are unsure what recommendations to follow, then it is safer to follow the more restrictive guidelines/recommendations.