Medicare loan repayment to begin as soon as next month
The Medicare Accelerated and Advance Payment (AAP) program was expanded at the outset of the pandemic to provide upfront loans for Medicare providers experiencing cash flow disruptions. Following MGMA advocacy, loan repayment terms were improved and recoupment was delayed until one year following loan disbursement. MGMA updated its AAP loan resource so groups that received these loans can understand the revised repayment terms.
Urge Congress to delay Medicare sequester cuts!
Last year, two pieces of legislation were signed into law that provided a reprieve from the 2% Medicare payment sequester. Unfortunately, the current Medicare sequester moratorium is set to end on March 31, 2021 and physicians continue to face financial challenges associated with the COVID-19 pandemic. MGMA, along with over 100 other organizations, is urging Congress to pass legislation that would continue the current Medicare sequester moratorium for the duration of the COVID-19 public health emergency. You can help #MGMAAdvocacy by using MGMA’s Contact Congress portal to send template letters to your congressional members urging them to further delay the cuts.