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

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