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IRS Adjusted PCORI Fee Amount for 2018

PCORI Fee 2018

The PCORI fee is an Affordable Care Act fee that funds comparative effectiveness research. It is applicable to both self-insured employers and health insurance carriers.

The IRS recently increased the PCORI fee amount for plan years ending on or after October 1, 2018, and before October 1, 2019 (2018 for calendar year plans). The new fee will be $2.45 multiplied by the average number of employees covered under the plan.

These fees must be paid annually on IRS Form 720 by July 31 of each year. The fees for plan years ending in 2018 are due by July 31, 2019.

PCORI fees do not apply for plan years ending on or after October 1, 2019. Therefore, for calendar years, the 2018 plan year is the last plan year that these fees will be effective.

Download the bulletin for more information.

 

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Click to Download our 2019 IRS Contribution Limits Infosheet!

Final Forms for 2018 ACA Reporting
November 20, 2018
Do Your Employees Know Their Total Compensation?
November 20, 2018
Bill Enright

Bill Enright

Bill Enright, Director of Consulting Services for National Insurance Services, Inc. (NIS), coordinates and works with NIS’ Market Development Teams to enhance our full-service employee benefits capabilities. Bill’s expertise enables the NIS team to deliver customized, innovative employee benefits plans for schools, cities, towns, and counties. Bill is a 27+ year industry veteran with employee benefits expertise from insurance carrier to benefits consultant to Director of Consulting Services for NIS. He believes in bottom-line honesty while empowering NIS Consultants and customers with the knowledge they need to feel confident in their decisions. He has been published on the topic of healthcare reform and has served on advisory committees and insurance reform lobbying groups at the state and national level.