Medical Funds Act

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Summary of American Rescue Plan Act of 2021 …

https://www.aha.org/advisory/2021-03-17-summary-american-rescue-plan-act-2021-and-provisions-affecting-hospitals-and

President Biden March 11 signed into law the American Rescue Plan Act of 2021, a $1.9 trillion COVID-19 relief package, which includes a number of provisions that affect hospitals and health systems. The legislation includes additional new funding for rural hospitals and health care providers for COVID-19 relief; increased federal subsidies for COBRA coverage; and changes to the Medicare wage index.

Governments Target Medical Debt With COVID Relief Funds

https://www.usnews.com/news/health-news/articles/2023-02-15/governments-target-medical-debt-with-covid-relief-funds

The City Council in the Boston suburb of Somerville last month unanimously passed a resolution to spend $200,000 of the city's $77 million in American Rescue Plan …

FACT SHEET: New Data Show 8.2 Million Fewer …

https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/14/fact-sheet-new-data-show-8-2-million-fewer-americans-struggling-with-medical-debt-under-the-biden-harris-administration/

Communities that have used ARP funds to forgive medical debt include: Cook County , Illinois. In July 2022, Cook County announced the use of $12 million in …

Governments target medical debt with COVID relief funds

https://abcnews.go.com/US/wireStory/governments-target-medical-debt-covid-relief-funds-97211287

The City Council in the Boston suburb of Somerville last month unanimously passed a resolution to spend $200,000 of the city's $77 million in American Rescue Plan …

New law provides additional flexibility for health FSAs …

https://www.irs.gov/newsroom/new-law-provides-additional-flexibility-for-health-fsas-and-dependent-care-assistance-programs

Provides flexibility for the carryover of unused amounts from the 2020 and 2021 plan years; Provides flexibility to extend the permissible period for incurring …

Frequently Asked Questions about Taxation of Provider …

https://www.irs.gov/newsroom/frequently-asked-questions-about-taxation-of-provider-relief-payments

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, appropriated $100 billion for the Public Health and Social Services Emergency …

American Rescue Plan Act Funding …

https://www.naco.org/resources/featured/american-rescue-plan-act-funding-breakdown

American Rescue Plan Act Funding Breakdown. On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 ( H.R. 1319) into law. …

IRS Clarifies Relief for FSA Carryovers

https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/irs-guidance-clarifies-relief-for-fsa-carry-overs.aspx

The act also increases the value of the dependent care tax credit for 2021. The new dependent care FSA annual limits for pretax contributions are $10,500 (up …

Federal Medical Assistance Percentages or Federal …

https://aspe.hhs.gov/federal-medical-assistance-percentages-or-federal-financial-participation-state-assistance

The Federal Medical Assistance Percentages (FMAPs) are used in determining the amount of Federal matching funds for State expenditures for assistance …

Somerville and others target medical debt with COVID …

https://www.boston.com/news/local-news/2023/02/15/somerville-and-others-target-medical-debt-with-covid-relief-funds/

Somerville and others target medical debt with COVID relief funds ... last month unanimously passed a resolution to spend $200,000 of the city’s $77 million in …

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