The CARES Act, an economic stimulus bill passed in March in response to the impacts of COVID-19, includes $175 billion in relief funds for hospitals and healthcare providers that have been financially affected by the coronavirus outbreak. Eligible recipients include dental providers with a valid Taxpayer Identification Number (TIN), and all interested dental providers should submit their applications by September 13, 2020.
Health and Human Services (HHS) has contracted with UnitedHealth Group to run the application process based on their technology abilities. Most dentists with valid TINs are eligible for relief funds and can apply for funding (before September 13) to cover healthcare-related expenses or lost revenue due to the COVID-19 pandemic. Prior to submitting the Provider Relief Fund Application, a TIN verification process must be completed.
Other important eligibility details to be aware of before submitting your application include:
Applicants that are accepted and awarded one or more payments of $10,000 or more will be required to follow specific reporting requirements as stated in a notice from the HHS. The portal, which will allow recipients to demonstrate compliance with the terms of the relief funds, will become available on October 1, and the HHS will provide continuing support before the submission deadline. Any applicant that does not wish to agree to the terms and conditions will have 90-days to return the funds.
Contact us if you have questions or need assistance in this process.