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PCORI Fees Due August 2, 2021

PCORI Fees Due August 2, 2021

.5 minute read

The Affordable Care Act requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcome Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS form 720.

The fees are due by July 31st of each year. PCORI fees for plan years ending in 2020 are due August 2, 2021, because July 31st falls on a Saturday.

In 2019, a spending bill extended PCORI fees for another 10 years. As a result, these fees will continue to apply for the 2020-2029 fiscal years.

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This blog is intended to be a compilation of information and resources pulled from federal, state, and local agencies. This is not intended to be legal advice. For up to the minute information and guidance on COVID-19, please follow the guidelines of the Centers for Disease Control and Prevention (CDC) and your local health organizations.

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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Brock Buckellew

Brock Buckellew

Brock Buckellew believes in giving back to his community. He volunteers at several charities as well as serving his local clients with their employee benefit needs. Brock enjoys providing resources and solutions as well as establishing long lasting relationships. As Account Manager for National Insurance Services, Brock works with schools, cities, and counties in Minnesota on their health insurance, wellness plans, benefit communication, and retirement incentives. Brock has a background in employee benefit consulting and is a licensed insurance agent.