CMS Releases New Repayment Terms for COVID-Related Medicare Loans
On October 8, 2020, the Centers for Medicare & Medicaid Services (CMS) announced amended terms for repayments of loans issued under the Accelerated and Advance Payment Programs during the COVID-19 pandemic. As reported last week, a new short-term spending bill, the Continuing Appropriations Act, 2021 and Other Extensions Act extended the beginning of the repayment timeframe to one year from the issuance date of the loan. This CMS Fact Sheet contains additional details and instructions on the new repayment requirements. CMS also issued Frequently Asked Questions with additional information.