Patient-Centered Outcomes Research Institute (PCORI) Fee Payment Due July 31
Quick Facts: Federal law imposes an annual fee on health plans to help fund the Patient-Centered Outcomes Research Institute (PCORI). The fees are calculated using the average number of lives covered under the policy or plan, and the applicable dollar amount for that policy or plan year. For insured health plans, the carrier or HMO is responsible for reporting and paying the fee. Employers that sponsor a self-insured health plan must pay the fee for that plan. Payers – insurers or employers – use IRS Form 720 to report and remit the fee. PCORI fees were initially scheduled to sunset …
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