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PCORI Fees Due July 31st

PCORI fee

1 minute read

If your health plan is self-funded, the deadline to pay your annual PCORI fees is July 31, 2019. You should use IRS Form 720 for reporting.

The PCORI (Patient-Centered Outcomes Research Institute) Fee is part of the Affordable Care Act, helping to fund research to help patients make more 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, 2018 through September 30, 2019. The fee is $2.45 per covered life.

A reminder that 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.

Contact your NIS Consultant if you have any questions.

 

Additional Resource

IRS: PCORI Fee Questions and Answers

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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.