Update regarding HHS Provider Relief Funds – Application Deadline Extended to 9/13 and application process has been simplified
HHS extended the application deadline to apply for the HHS Provider Relief Funds to September 13, 2020. You must submit your TIN (tax identification number) for validation by the deadline in order to apply for funding. In addition to extending the deadline, HHS also simplified the application process. Please use this link to obtain an updated copy of the application for reference only: https://www.hhs.gov/sites/default/files/provider-distribution-application-form.pdf?language=en
*Please note the application will still need to be completed via the online portal. As part of this revised application process, the only document dentists will need to upload with the application will be your most recent federal tax return.
Practices receiving more than $10,000 in relief funds will be required to submit reports about the use of their provider relief funds. Complete reporting details have not been released yet. Here are a few things we do know from the HHS Provider Relief site and FAQ:
The reporting system will become available to recipients for reporting on October 1, 2020.
All recipients must report within 45 days of the end of the calendar year 2020 on their expenditures through the period ending December 31, 2020.
Recipients who have expended their funds in full prior to December 31, 2020 may submit a single final report at any time starting October 1, 2020, but no later than February 15, 2021
Recipients with funds unexpended after December 31, 2020 must submit a second and final report no later than July 31, 2021.
Providers may have incurred eligible health care related expenses attributable to coronavirus prior to the date on which they received their payment. Providers can use their relief funds for such expenses incurred on any date, so long as those expenses were attributable to coronavirus and were used to prevent, prepare for and respond to coronavirus.
Funds can also be used to cover lost revenue due to the virus and to cover expenses that the lost revenue otherwise would have covered. HHS encourages the use of funds to cover payments for the following:
Employee payroll or temp help
Employee health insurance
Rent or mortgage payments
Equipment lease payments
**As a reminder you cannot use the HHS Provider Relief Funds for the same expenses covered by the PPP Loan.
Contact our office is you have questions or need assistance coming up with a plan for the use of all relief funding.