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PCORI Fees Due July 31 for Self-Insured Schools, Cities and Counties

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Schools, cities and counties with self-insured health plans must report and pay their PCORI fees by July 31, 2017.

The fee, called the Patient-Centered Outcomes Research Institute (PCORI) is imposed by the Affordable Care Act. PCORI fees help fund the Institute which was established to fund research to help patients make better-informed healthcare decisions.

The fee is calculated based upon the average number of lives covered under the plan. It applies to policy or plan years ending on or after October 1, 2012, and before October 1, 2019. Fees are reported and paid annually using IRS Form 720.

For additional information about PCORI, contact your NIS Benefits Consultant or consult these IRS resources.

PCORI Fee Overview Page

PCORI Fee: Questions and Answers

IRS Form 720 and instructions

 

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Erin Woulfe

Erin Woulfe

Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization, or providing tips and how-to’s to help them make their job easier.”