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CARES Act Summary

CARES Act Provides Relief for Many Providers & Small Practices

On March 27, 2020, President Donald Trump signed a $2 trillion COVID-19 economic stimulus bill into law. The purpose of this legislation is to provide economic relief for individuals and businesses that have been adversely affected by the COVID-19 pandemic. There are several provisions and the bill is nearly 900 pages in length but there are some provisions specific to health care providers and small practices/businesses that are likely to affect AANEM members. Below is a brief summary of these key aspects. For a full view of the bill, you can access it here: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rSVHQuPeCB_g/v0.

IRS Announces CARES Act Relief Funds are TAXABLE for For-Profit Health Providers

Please click each header below for more information:

Accelerated/Advance Medicare Payments
Small Business Administration 7(a) Loans
Emergency Economic Injury Disaster Loans (EIDLs)
Paycheck Protection Program
Loan Forgiveness
More Information for Small Businesses
Public Health Funds for Providers
Provider Relief Fund
Other Healthcare-related Provisions
Other Resources

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