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.
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