<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=118459&amp;fmt=gif">
Show all

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

7-7 blog PCORI B.jpg

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

PCORI Fee Due Dates and Applicable Rates

 

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.

The Generational Divide: Millennials and Health Insurance
July 07, 2017
Senate Releases Revised Health Care Bill
July 07, 2017
Bill Enright

Bill Enright

Bill Enright believes in bottom-line honesty while empowering his customers with the knowledge they need to feel confident in their decisions. He is a 30+ year veteran with employee benefits expertise from insurance carrier to benefits consultant. Bill 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. As an Employee Benefit Consultant in the Midwest Region, Bill will be working with both public and private sector schools, cities, and counties in Wisconsin. He is a licensed insurance agent and is a Certified Patient Protection and Affordable Care Act Professional (National Association of Health Underwriters).